Overview
What is Water And Power Community Credit Union?
Water and Power Community Credit Union is a cooperative organization based in Los Angeles, California, specifically at 1053 West Sunset Boulevard, ZIP code 90012. With a mission to promote thrift and savings among its members, the credit union offers deposit accounts and loan services to 43,589 individuals as of December 31, 2022. In 2022 alone, they extended 12,662 loans to their members. As a cooperative, the credit union aims to create a source of credit for members, setting interest rates through the Board of Directors, and providing them the opportunity to control their money in a democratic manner. By doing so, the credit union intends to enhance the economic and social conditions of its members. The credit union, staffed by 142 employees, operates for the mutual benefit and general welfare of its members, distributing earnings, savings, benefits, or services to them as patronage.
Official website here: www.wpcu.org
Is Water And Power Community Credit Union legitimate?
Water And Power Community Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Water And Power Community Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $2,306,707
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,987,610
For more financial information, click here
Official website here: www.wpcu.org
What is the mission statement of Water And Power Community Credit Union?
Water and Power Community Credit Union is a cooperative established to encourage savings amongst its members and provide them with affordable credit. The credit union operates on a democratic basis, allowing members to control and use their own money, aiming to enhance their economic and social conditions. The earnings, savings, benefits, or services of the credit union are distributed back to the members. The cooperative's primary objective is to promote thrift and savings and serve as a source of credit for its members while ensuring their mutual benefit and general welfare.
Official website here: www.wpcu.org
Who is the CEO of Water And Power Community Credit Union?
Mike Tufegdzich is the Ceo of Water And Power Community Credit Union. The CEO's salary of Water And Power Community Credit Union is $351,850 and their total compensation is $366,669.
Official website here: www.wpcu.org
What is the revenue of Water And Power Community Credit Union?
Water And Power Community Credit Union's revenue in 2022 was $41,011,764.
Official website here: www.wpcu.org
Who are the executives of Water And Power Community Credit Union and what are their salaries?
The average compensation at Water And Power Community Credit Union during 2022 was $79,537. There are 142 employees and 12 volunteers at Water And Power Community Credit Union.
Here are 23 key members and their salaries (Water And Power Community Credit Union's CEO's salary is $351,850 and their total compensation is $366,669):
- Mike Tufegdzich (Ceo)
- Barry Roach (Ceo(Former))
- Felipe Castaneda (Cfo)
- Celeste Zibelli (Vp Of Markerting And Financial Services)
- Patrice Mustafa (Coo)
- Jaime Vasquez (Vp Of It)
- Italo Alvarado (Re Loan Officer)
- David Covell (Vp Information Technology)
- Luis Robles (Treasurer)
- Fadwa Knox (Director Lending)
- Kenneth Michael (Senior Manager Network Security)
- Nora Yusa (Board Chairperson) [Trustee/Director]
- Venest Henry-Evans (Board 1St Vice Chair) [Trustee/Director]
- Craig Luna (Board 2Nd Vice Chair) [Trustee/Director]
- Gladys Berry (Board Secretary) [Trustee/Director]
- Gerard Watson (Assistant Secretary) [Trustee/Director]
- Belinda Walker (Board Treasurer) [Trustee/Director]
- Brian Lam (Board Member) [Trustee/Director]
- Theron Rucker (Supv Cmte Chairperson) [Trustee/Director]
- Salvador Mancilla (Supv Cmte Vice Chairperson) [Trustee/Director]
- Steven Starks (Supv Cmte Member) [Trustee/Director]
- Wing Wong (Supv Cmte Member) [Trustee/Director]
- Cynthia Meekins (Supv Cmte Member) [Trustee/Director]
Official website here: www.wpcu.org
Where can I find the form 990 for Water And Power Community Credit Union?
The Water And Power Community Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.wpcu.org
Learn more at the official website: www.wpcu.org
Mission Statement of Water And Power Community Credit Union
Water and Power Community Credit Union, a cooperative with a noble purpose, strives to encourage thrift and savings among its members. The organization serves as a valuable financial resource, offering affordable credit and enabling its members to effectively manage their money through democratic control. By promoting thrift and savings, Water and Power Community Credit Union sets the foundation for its members to enhance their economic and social conditions.
As a cooperative, Water and Power Community Credit Union operates in the best interests of its members. The earnings, savings, benefits, and services of the credit union are redistributed to its members as patronage. The credit union's primary goal is to create a sustainable financial ecosystem that benefits its members collectively. In essence, Water and Power Community Credit Union functions as a democratic financial institution, where its members are given the opportunity to pool their resources and leverage them for their mutual benefit.
Impact
This information is meant to be a general summary of Water And Power Community Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Water And Power Community Credit Union's impact lies in promoting thrift and savings among its members, providing them with deposit accounts and loan services. As a cooperative, it creates a source of credit for its members at fair interest rates set by the board of directors. By offering opportunities for members to use and control their own money in a democratic manner, the credit union aims to improve their economic and social conditions. With over 43,000 members and 12,000 loans made in 2022, Water And Power Community Credit Union plays a significant role in supporting the financial well-being of individuals and the community in Los Angeles, CA.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON LOANS
Revenue
$25,704,661
OTHER OPERATING INCOME
Revenue
$3,474,870
FEE INCOME
Revenue
$3,224,757
Organization Details
Founding Year
1936
Phone
(213) 580-1706
Principal Officer
Mike Tufegdzich
Main Address
1053 WEST SUNSET BLVD, LOS ANGELES, CA, 90012
Website
www.wpcu.org
NTEE Category
Code: W60 - Public benefit
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