Program areas at Latino Community Credit Union
Credit Union programs: provide mortgages and consumer loans to members at affordable rates. There were 9,291 loans provided to 133,792 members in 2023. Of the 751 home loans made to members, 493 were to first-time homebuyers.
Provide financial education to 133,792 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 2023, lccu provided 43 scholarships for higher education to members for a total of $143,000.
Offer competitive rates on share deposits and services. Lccu opened 48,720 new accounts in 2023 and paid out $15,983,593 in dividends for its 133,792 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 |
| Terry Phelps | Chief Operations Officer | $173,479 | 2023-12-31 |
| Rodrigo Iniguez | Chief Financial Officer | $46,114 | 2024-11-15 |
| Roger Montes | Chief Retail Officer / 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 | $177,267 | 2023-12-31 |
| 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 |
| ...and 2 more key personnel |
Financials for Latino Community Credit Union
| Revenues | FYE 12/2023 | FYE 12/2022 | % Change |
|---|
| Total grants, contributions, etc. | $4,395,258 | $694,400 | 533% |
| Program services | $64,175,913 | $55,108,107 | 16.5% |
| Investment income and dividends | $4,811,233 | $2,020,255 | 138.1% |
| 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 | $73,382,404 | $57,822,762 | 26.9% |
Organizations like Latino Community Credit Union
| Organization | Type | Location | Revenue |
|---|
| Members Credit Union | 501(c)(14) | Winston Salem, NC | $26,897,077 |
| Mountain Credit Union | 501(c)(14) | Waynesville, NC | $20,412,469 |
| Piedmont Advantage Credit Union (PACU) | 501(c)(14) | Winston Salem, NC | $18,839,833 |
| State Chartered Credit Unions in North Carolina | 501(c)(14) | Greensboro, NC | $21,859,593 |
| Champion Credit Union / State Chartered Credit Unions in North Carolina | 501(c)(14) | Canton, NC | $28,858,984 |
| Telco Community Credit Union | 501(c)(14) | Candler, NC | $20,464,642 |
| Credit Unions Chartered in the State of Michigan - 1101 Public Service Credit Union | 501(c)(14) | Romulus, MI | $30,634,389 |
| Omni Community Credit Union | 501(c)(14) | Battle Creek, MI | $37,118,137 |
| Commonwealth Central Credit Union | 501(c)(14) | San Jose, CA | $34,445,169 |
| Atlanta Postal Credit Union (APCU) | 501(c)(14) | Atlanta, GA | $108,243,439 |
Data update history
March 4, 2025
Posted financials
Added Form 990 for fiscal year 2023
October 3, 2024
Updated personnel
Identified 4 new personnel
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
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
- County
- Durham County, 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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