EIN 56-2180770

Latino Community Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
197
City
Year formed
2000
Most recent tax filings
2022-12-01
Description
Latino Community Credit Union empowers communities by providing ethical financial products and education. Through free workshops, curriculum development, and educational videos, LCCU has educated over 106,144 members and the broader community. In addition, LCCU offers affordable mortgages and consumer loans to its members, with a focus on helping first-time homebuyers - in 2021 alone, 520 of the 732 home loans made went to first-time buyers.
Related structure
Latino Community Credit Union is child organization, under the parent exemption from State Chartered Credit Unions in North Carolina.
Also known as...
State Chartered Credit Unions in North Carolina
Total revenues
$57,822,762
2022
Total expenses
$34,036,462
2022
Total assets
$910,105,673
2022
Num. employees
197
2022

Program areas at Latino Community Credit Union

Credit Union Programs: Provide mortgages and consumer loans to members at affordable rates. There were 10,199 loans provided to 118,789 members in 2022. Of the 777 home loans made to members, 550 were first-time homebuyers.
Provide financial education to over 118,789 members and to the broader community. Offer free financial education workshops to the community, develop and distribute curriculum and educational videos to interested parties. In 2022, LCCU provided 41 scholarships for higher education to members for a total of $132,500.
Offer competitive rates on share deposits and services. LCCU opened 40,026 new accounts in 2022 and paid out $6,287,879 in dividends for its 118,789 members.

Personnel at Latino Community Credit Union

NameTitleCompensation
Luis pastorChief Executive Officer and President About$445,120
Alison YonasChief Financial Officer$156,450
Vicky GarciaSenior Vice President Strategic Initiatives and Risk Management / Senior Vice President , Strategic Initiatives and Risk Management About / Senior Vice President , Product and Risk Management$140,200
Irving BustilloSenior Vice President , Branch Support$140,393
Roger MontesSenior Vice President , Branch Management / Senior Vice President , Branch and Credit Management About / Senior Vice President , Branch Coordination / Senior Vice President , Branch and Credit Management$164,412
...and 5 more key personnel

Financials for Latino Community Credit Union

RevenuesFYE 12/2022
Total grants, contributions, etc.$694,400
Program services$55,108,107
Investment income and dividends$2,020,255
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$57,822,762

Form 990s for Latino Community Credit Union

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-09990View PDF
2021-122022-11-10990View PDF
2020-122021-11-09990View PDF
2019-122021-06-08990View PDF
2018-122020-01-14990View PDF
...and 9 more Form 990s
Data update history
January 23, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 23, 2024
Updated personnel
Identified 2 new personnel
January 2, 2024
Used new vendors
Identified 2 new vendors, including , and
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 17, 2023
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Credit unionsCommunity Development Financial InstitutionsChapter / child organizations
Issues
Hispanic
Characteristics
State / local levelReceives government fundingProvides scholarships
General information
Address
100 W Morgan St
Durham, NC 27701
Metro area
Durham-Chapel Hill, NC
Website URL
latinoccu.org/ 
Phone
(919) 688-9270
IRS details
EIN
56-2180770
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2000
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Child within group exemption
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