Corazo Credit Union
Nonprofit profile at a glance
- EIN
- 951652773
- IRS 990 coverage
- 2010–2025
- Forms available
- Form 990 2025
- Location
- El Centro, CA, USA
- Phone
- 7603521540
- Rating confidence
- Limited
Reported finances
- Revenue
- $22,186,291
- Expenses
- $15,591,484
- Assets
- $234,609,547
- Liabilities
- $201,399,063
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
17 people listed
Executive titles in this filing
- FIDEL GONZALEZ (PRESIDENT/CEO)
Highest reported compensation
- FIDEL GONZALEZ (PRESIDENT/CEO): $431,213 total reported compensation
- CUAUHTEMOC DE LA TORRE (EVP/CFO): $270,208 total reported compensation
- FRANCISCO ORNELAS (LOAN SERVICING MANAGER): $145,187 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
A cooperative, organized for the purpose of promoting thrift and savings among its members, creating a source of credit for them at rates of interest approved by the board of directors, and providing an opportunity for them to use and control their own money on a democratic basis in order to improve their economic and social conditions. As a cooperative, corazo credit union conducts its business for the mutual benefit and general welfare of its members with the earnings, savings, benefit, or service of the credit union being distributed to its members.
What it reported doing in 2025
The credit union provides financial services to members including access to share accounts, certificates of deposit and retirement savings accounts, with active promotion of atm/debit cards, electronic bill pay and home banking. Members also have access to consumer loans including vehicle loans, personal lines of credit and credit cards.
Operating model
- Revenue model
- Earned-program. 94% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 63
- Accountability: 100
- Sustainability: 70
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90.9%; rating input score 91; 7th percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 30.4%; rating input score 30; 14th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 29.7%; rating input score 83; 83rd percentile among comparable filings
- Total-asset coverage ratio: 15.05; rating input score 89; 89th percentile among comparable filings
- Liabilities to assets ratio: 0.86; rating input score 10; 10th percentile among comparable filings
- Officer compensation ratio: 8.5%; rating input score 32; 32nd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 9.9% per year; rating input score 100; 73rd percentile among comparable filings
- Asset growth: 9.6% per year; rating input score 100; 65th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 7 of 7 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $431K · 17 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $1.6M reported
- Consistency: 12 of 13 current checks pass · 1 finding to review
- Schedules: 4 filed schedules · includes grants and executive pay
- Filing history: 15 filing years from 2010 to 2025
- Contacts: How to reach this organization
- Money network: 13 filed money-flow records
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Transparency & Controls: Grant itemization coverage scored 30/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 10/100.
- Moderate — Sustainability: Officer compensation ratio scored 32/100.