LATINO COMMUNITY CREDIT UNION

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2000

Legal Domicile

Principal Officer

MARIA VICTORIA GARCIA

Phone

9196889270

Tax Period

2023-01-01 to 2023-12-31

LATINO COMMUNITY CREDIT UNION, founded in 2000, is a mid-sized nonprofit that reported $73.4M in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $20.8M, a strong 28% operating margin.

Mission

LATINO COMMUNITY CREDIT UNION'S (LCCU) MISSION IS TO PROVIDE ETHICAL FINANCIAL PRODUCTS AND EDUCATION TO EMPOWER COMMUNITIES.

Program Service Accomplishments

Program 1

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...

Program 2

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.

Program 3

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...

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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,395,258

Program Service Revenue $64,175,913

Investment Income $4,811,233

Other Revenue $0

TOTAL REVENUE $73,382,404

Expense Breakdown

Grants Paid $143,000

Salaries & Benefits $16,032,694

Fundraising Expenses $0

Other Expenses $36,421,664

TOTAL EXPENSES $52,597,358

Year-over-Year Comparison

	2023	2022	Change
Revenue	$73,382,404	$57,822,762	+0.3%
Expenses	$52,597,358	$34,036,462	+0.5%
Net Income	$20,785,046	$23,786,300	-0.1%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

295

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$826,286

Total Directors

Key Employees

$963,637

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID BREHMER	BOARD CHAIR	5.00	Director	$0	$0	$0
LORENA PATTERSON	BOARD VICE CHAIR	1.00	Director	$0	$0	$0
MARIA SCANGA	BOARD TREASURER & ASST. SECRETARY	2.00	Director	$0	$0	$0
FARAD ALI	BOARD SECRETARY	1.00	Director	$0	$0	$0
ERIKA BELL	BOARD DIRECTOR	1.00	Director	$0	$0	$0
JERRY HARMON	BOARD DIRECTOR	1.00	Director	$0	$0	$0
JORGE ARCHILA	BOARD DIRECTOR	1.00	Director	$0	$0	$0
MARIA VICTORIA GARCIA	CEO	40.00	Officer	$291,013	$24,618	$315,631
LUIS PASTOR	CEO	40.00	Officer	$447,346	$17,195	$464,541
RODRIGO INIGUEZ	CHIEF FINANCIAL OFFICER	40.00	Officer	$46,114	$0	$46,114
ROGER MONTES	CHIEF RETAIL OFFICER	40.00	Key Emp	$177,267	$19,807	$197,074
ALISON YONAS	CHIEF DEVELOPMENT & IMPACT OFFICER	40.00	Key Emp	$187,117	$10,675	$197,792
IRVING BUSTILLO	CHIEF LENDING OFFICER	40.00	Key Emp	$170,447	$28,512	$198,959
STEVE HERRELL	CHIEF RISK OFFICER	40.00	Key Emp	$179,336	$11,664	$191,000
TERRY PHELPS	CHIEF OPERATIONS OFFICER	40.00	Key Emp	$173,479	$5,333	$178,812
CAMILO MONCAYO	VP DEPOSITS & OPERATIONS	40.00	Highest	$109,919	$13,895	$123,814
TIMOTHY BROPHY	VP ACCOUNTING	40.00	Highest	$103,030	$20,124	$123,154
AGUSTIN SANCHEZ	VP TRIANGLE REGION	40.00	Highest	$100,594	$13,560	$114,154
HERNAN SEDDA	VP TRIAD REGION	40.00	Highest	$100,552	$16,292	$116,844

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$73,382,404	$52,597,358	$1,031,841,907	$20,785,046
2022	$57,822,762	$34,036,462	$910,105,673	$23,786,300
2021	$47,882,386	$28,488,931	$720,522,330	$19,393,455
2020	$46,210,133	$27,188,689	$594,710,945	$19,021,444
2019	$30,343,569	$23,031,163	$491,046,563	$7,312,406
2018	$24,899,231	$18,033,938	$339,723,304	$6,865,293