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Nonprofiteer
← CORAZO CREDIT UNION

Form 990 for tax year 2023

Filed by CORAZO CREDIT UNION.

Totals

Total revenue
$13,356,336
Total expenses
$10,249,149
Contributions and grants received
$0
Grants paid
$12,533
Program service revenue
$12,409,681
Investment income
$830,546
Other revenue
$116,109
Total assets, end of year
$195,673,928
Total liabilities, end of year
$171,596,791
Net assets or fund balances, end of year
$24,077,137
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Listed in Part VII

  • VICTOR TORRES

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    0.75

  • ALEXIS ARAUJO

    VICE CHAIRPERSON

    Total calculated
    $2,339
    From this org
    $2,339
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.75

  • MICHAEL CAMPBELL

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.75

  • KATIE LUNA

    TREASURER

    Total calculated
    $0
    Hours/week
    0.75

  • VICTOR JAIME

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • KATHLEEN LANG

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • CHRISTOPHER H PETREE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • CARLOS FLETES

    SUPERVISORY COMMITTEE

    Total calculated
    $623
    From this org
    $623
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.75

  • STEVE ESCALERA

    SUPERVISORY COMMITTEE

    Total calculated
    $570
    From this org
    $570
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.75

  • DAWN CHUN

    SUPERVISORY COMMITTEE

    Total calculated
    $0
    Hours/week
    0.75

  • FIDEL GONZALEZ

    PRESIDENT/CEO

    Total calculated
    $394,046
    From this org
    $254,696
    From related orgs
    $0
    Other
    $139,350
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $209,889
    Bonus
    $22,038
    Other
    $22,769
    Deferred
    $124,505
    Nontaxable benefits
    $14,845
    Filer's total
    $394,046

  • CUAUHTEMOC DE LA TORRE

    EVP/CFO

    Total calculated
    $222,568
    From this org
    $200,827
    From related orgs
    $0
    Other
    $21,741
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $176,662
    Bonus
    $13,116
    Other
    $11,049
    Deferred
    $7,210
    Nontaxable benefits
    $14,531
    Filer's total
    $222,568

  • JORGE ALCANTAR

    COO

    Total calculated
    $133,427
    From this org
    $123,469
    From related orgs
    $0
    Other
    $9,958
    Hours/week
    40

  • MARLENA RENTERIA

    CXO

    Total calculated
    $119,402
    From this org
    $112,378
    From related orgs
    $0
    Other
    $7,024
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 4B
EFFECTIVE APRIL 1, 2018, THE CREDIT UNION ESTABLISHED A NONQUALIFIED DEFERRED COMPENSATION PLAN FOR A MEMBER OF SENIOR MANAGEMENT UNDER IRC SECTION 457(F). THE CREDIT UNION ACCRUES FOR THE PLAN EACH YEAR UNTIL THE TARGET BENEFIT AMOUNT AND TARGET BENEFIT DATE ARE REACHED.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
29 October 2024
IRS schema version
2023v5.1
Source object
202423099349303217

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