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
Name | Title | Compensation | Date of data |
---|
Luis pastor | Chief Executive Officer and President About | $445,120 | 2022-12-31 |
Alison Yonas | Chief Financial Officer | $156,450 | 2023-11-09 |
Vicky Garcia | Senior 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 | 2022-12-31 |
Irving Bustillo | Senior Vice President , Branch Support | $140,393 | 2022-12-31 |
Roger Montes | Senior 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 | 2022-12-31 |
...and 5 more key personnel |
Financials for Latino Community Credit Union
Revenues | FYE 12/2022 | FYE 12/2021 | % Change |
---|
Total grants, contributions, etc. | $694,400 | $2,078,342 | -66.6% |
Program services | $55,108,107 | $45,658,466 | 20.7% |
Investment income and dividends | $2,020,255 | $145,578 | 1287.7% |
Tax-exempt bond proceeds | $0 | $0 | - |
Royalty revenue | $0 | $0 | - |
Net rental income | $0 | $0 | - |
Net gain from sale of non-inventory assets | $0 | $0 | - |
Net income from fundraising events | $0 | $0 | - |
Net income from gaming activities | $0 | $0 | - |
Net income from sales of inventory | $0 | $0 | - |
Miscellaneous revenues | $0 | $0 | - |
Total revenues | $57,822,762 | $47,882,386 | 20.8% |
Organizations like Latino Community Credit Union
Organization | Type | Location | Revenue |
---|
Members Credit Union | 501(c)(14) | Winston Salem, NC | $22,460,729 |
Mountain Credit Union | 501(c)(14) | Waynesville, NC | $17,481,627 |
Champion Credit Union / State Chartered Credit Unions in North Carolina | 501(c)(14) | Canton, NC | $21,314,879 |
State Chartered Credit Unions in North Carolina | 501(c)(14) | Greensboro, NC | $18,701,954 |
Piedmont Advantage Credit Union (PACU) | 501(c)(14) | Winston Salem, NC | $18,839,833 |
Telco Community Credit Union | 501(c)(14) | Candler, NC | $16,867,383 |
Vantage West Credit Union | 501(c)(14) | Tucson, AZ | $128,137,248 |
Credit Union of Texas | 501(c)(14) | Allen, TX | $136,553,125 |
San Mateo Credit Union (SMCU) | 501(c)(14) | Redwood City, CA | $70,068,460 |
Whatcom Educational Credit Union | 501(c)(14) | Bellingham, WA | $98,737,059 |
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/Â
- 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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