NonprofitsState Chartered Credit Unions In North Carolina

State Chartered Credit Unions In North Carolina

DURHAM, NC

Total revenue

$82.5M

Total expenses

$70.6M

Net assets

$141.4M

Grants received

$15.9M

5 grants

EIN

562180770

Tax year

2024

Mission

Latino community credit union's (lccu) mission is to provide ethical financial products and education to empower communities.

Programs

2 programs

Offer competitive rates on share deposits and services. Lccu paid out $21,768,667 in dividends for its 226,594 member accounts in 2024.

Provide financial education to over 144,214 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 2024, lccu provided 49 scholarships for higher education to members for a total of $155,500.

Financials

FY 2024

Revenue

Contributions & grants$5M
Program service revenue$71.1M
Investment income$6.4M
Other revenue
Total revenue$82.5M

Expenses

Grants paid$143K
Salaries & benefits$22.0M
Fundraising
Other expenses$48.4M
Total expenses$70.6M
Total assets$1.1B
Net assets$141.4M

People

20 listed

NameRoleCompensation

MARIA VICTORIA GARCIA

CEO

Board

$437K

40 hrs/wk

RODRIGO INIGUEZ

CHIEF FINANCIAL OFFICER

Board

$265K

40 hrs/wk

JORGE ARCHILA

BOARD TREASURER

Board

2 hrs/wk

JERRY HARMON

BOARD DIRECTOR

Board

1 hrs/wk

ERIKA BELL

BOARD DIRECTOR

Board

1 hrs/wk

LORENA PATTERSON

BOARD DIRECTOR

Board

1 hrs/wk

FARAD ALI

BOARD SECRETARY

Board

1 hrs/wk

DAVID BREHMER

BOARD VICE CHAIR

Board

5 hrs/wk

MARIA SCANGA

BOARD CHAIR

Board

5 hrs/wk

TERRY PHELPS

CHIEF OPERATIONS OFFICER

Staff

$248K

40 hrs/wk

EDGAR OMAR LOPEZ

CHIEF PEOPLE OFFICER

Staff

$199K

40 hrs/wk

ALISON YONAS

CHIEF DEVELOPMENT & IMPACT

Staff

$199K

40 hrs/wk

STEVE HERRELL

CHIEF RISK OFFICER

Staff

$198K

40 hrs/wk

IRVING BUSTILLO

CHIEF LENDING OFFICER

Staff

$192K

40 hrs/wk

ROGER MONTES

CHIEF RETAIL OFFICER

Staff

$192K

40 hrs/wk

JAMES WADDELL

VP, INFORMATION TECHNOLOGY

Staff

$181K

40 hrs/wk

CAMILO MONCAYO

VP DEPOSITS & OPERATIONS

Staff

$130K

40 hrs/wk

GABRIEL TREVES-KAGAN

VP, DEVELOPMENT

Staff

$130K

40 hrs/wk

ETNA CLARO

VP, FACILITIES

Staff

$127K

40 hrs/wk

SORAYA VERONICA CORDOVA

VP, CONSUMER LENDING

Staff

$125K

40 hrs/wk

Independent contractors

NORTH CAROLINA STATE EMPLOYEES CREDIT UN

SERVICE FEE

$8.7M

JACK HENRY & ASSOCIATES INC

CORE OPERATIONS

$1.7M

PSCUVELERA

CARD OPERATIONS

$1.7M

RIGGS-HARROD BUILDERS INC

BUILDINGS

$1.1M

CORNERSTONE ADVISORS OF ARIZONA LLC

CORE CONSULTANTS

$986K

Grants received

Showing 5 of 5

FromAmountPurposeYear
$5M
OPERATIONAL IMPROVEMENTS TO INCREASE ACCESS TO FINANCIAL SERVICES
2024
$300K
EDWARD JONES - SUBGRANT-LATINO COMM, 300K
2024
$200K
FINANCE JUSTICE FUND SUBGRANT
2021
$9K
FINANCIAL HEALTH
2019

Funded by

$15.9M from 4 funders · 5 grants · 2019–2024

Latino Community Development Center

$15.4M · 2 grants · 2020–2024

Inclusiv Inc

$300K · 1 grant · 2024

Opportunity Finance Network

$200K · 1 grant · 2021

National Credit Union Foundation

$9K · 1 grant · 2019

Details

EIN562180770
Subsection14
Ruling date1969-08
Formed2000
Employees405
Volunteers13
STATE CHARTERED CREDIT UNIONS IN NORTH CAROLINA — Mission, Financials & Grants Received | Grantivo