Latino Community Credit Union
Nonprofit profile at a glance
- EIN
- 562180770
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Jun 2026
- Forms available
- Form 990 2024
- Location
- Durham, NC, USA
- Phone
- 9196889270
- Rating confidence
- Limited
Reported finances
- Revenue
- $82,531,419
- Expenses
- $70,582,981
- Assets
- $1,053,161,674
- Liabilities
- $911,787,474
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
20 people listed
Executive titles in this filing
- MARIA VICTORIA GARCIA (CEO)
Highest reported compensation
- MARIA VICTORIA GARCIA (CEO): $464,489 total reported compensation
- RODRIGO INIGUEZ (CHIEF FINANCIAL OFFICER): $294,351 total reported compensation
- TERRY PHELPS (CHIEF OPERATIONS OFFICER): $258,701 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Ethical financial products and education to empower communities. Our Mission Ethical Financial Products & Education to Empower Communities. Ethical Financial Products & Education to Empower Communities Our Vision. We are a not-for-profit financial institution with a social goal, equally owned and controlled by our members, who elect a volunteer board of directors. Credit Union profits go back to members in the form of more competitive rates and lower fees. Become a Member! Be part of a financial institution with a unique social mission.
What it reported doing 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.
Operating model
- Revenue model
- Earned-program. 86% 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: 80
- 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: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 100%; rating input score 100; 77th 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: 14.5%; rating input score 81; 81st percentile among comparable filings
- Total-asset coverage ratio: 14.92; rating input score 94; 94th percentile among comparable filings
- Liabilities to assets ratio: 0.87; rating input score 15; 15th percentile among comparable filings
- Officer compensation ratio: 4.1%; rating input score 25; 25th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 17.8% per year; rating input score 100; 92nd percentile among comparable filings
- Asset growth: 17.9% per year; rating input score 100; 91st percentile among comparable filings
Details
- What they do: Mission, programs, and operating context captured from the official website.
- 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: 3 filed program accomplishments
- Leadership: top reported pay $464K · 20 people listed · 1 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $14.1M reported
- Consistency: 14 of 14 current checks pass
- Schedules: 6 filed schedules · includes major donors, grants, executive pay, and related organizations
- Filing history: 14 filing years from 2010 to 2024
- 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Liabilities to assets ratio scored 15/100.
- High — Sustainability: Officer compensation ratio scored 25/100.