COOPERATIVA DE AHORRO Y CREDITO DE: Form 990, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- COOPERATIVA DE AHORRO Y CREDITO DE (EIN 66-0190521)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-11-12
- IRS object ID
- 202533169349305333
- Schema version
- 2024v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-11-12T14:11:05-05:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 660714530 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BAKER TILLY PUERTO RICO | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 366202 | AddressLine1Txt |
| City | SAN JUAN | CityNm |
| State Abbreviation | PR | StateAbbreviationCd |
| ZIP | 009366202 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 660190521 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | COOPERATIVA DE AHORRO Y CREDITO DE | BusinessNameLine1Txt |
| Business Name Line2 | ARECIBO | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | COOP | BusinessNameControlTxt |
| Phone | 7878782095 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | CALLE CAPITAN ABREU ESQUINA RUIZ GA | AddressLine1Txt |
| City | ARECIBO | CityNm |
| State Abbreviation | PR | StateAbbreviationCd |
| ZIP | 00613 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ANA M RODRIGUEZ SOTO | PersonNm |
| Person Title | VP OF OPERATIONS | PersonTitleTxt |
| Phone | 7878782095 | PhoneNum |
| Signature | 2025-11-07 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | false | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JOSE A RODRIGUEZ CPA | PreparerPersonNm |
| PTIN | P01442998 | PTIN |
| Phone | 7876228855 | PhoneNum |
| Preparation | 2025-11-12 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | WILFREDO GONZALEZ IRRIZARY | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | CALLE CAPITAN ABREU ESQUINA RUIZ | AddressLine1Txt |
| City | HATILLO | CityNm |
| State Abbreviation | PR | StateAbbreviationCd |
| ZIP | 00659 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $51,688,505 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | COOPACA.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1947 | FormationYr |
| Legal Domicile State | PR | LegalDomicileStateCd |
| Activity Or Mission | TO IMPROVE THE QUALITY OF LIFE OF OUR MEMBERS BY PROMOTING EFECTIVE VALUES, FINANCIAL SOURCES AND THE COOPERATIVE MOVEMENT PHILOSOPHY. | ActivityOrMissionDesc |
| Voting Members Governing Body | 10 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 10 | VotingMembersIndependentCnt |
| Total Employee | 322 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $3,770,791 | PYContributionsGrantsAmt |
| CY Contributions Grants | $731,551 | CYContributionsGrantsAmt |
| CY Program Service Revenue | $37,587,235 | CYProgramServiceRevenueAmt |
| PY Investment Income | $38,485,565 | PYInvestmentIncomeAmt |
| CY Investment Income | $8,186,539 | CYInvestmentIncomeAmt |
| PY Other Revenue | $6,648,412 | PYOtherRevenueAmt |
| CY Other Revenue | $5,183,180 | CYOtherRevenueAmt |
| PY Total Revenue | $48,904,768 | PYTotalRevenueAmt |
| CY Total Revenue | $51,688,505 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $10,613,606 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $12,848,410 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $24,760,755 | PYOtherExpensesAmt |
| CY Other Expenses | $35,631,227 | CYOtherExpensesAmt |
| PY Total Expenses | $35,374,361 | PYTotalExpensesAmt |
| CY Total Expenses | $48,479,637 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $13,530,407 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $3,208,868 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $829,556,939 | TotalAssetsBOYAmt |
| Total Assets EOY | $825,858,384 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $654,694,100 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $646,420,139 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $174,862,839 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $179,438,245 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | TO IMPROVE THE QUALITY OF LINE OF OUR MEMBERS BY PROMOTING EFECTIVE VALUES, FINANCIAL SOURCES AND THE COOPERATIVE MOVEMENT PHILOSOPHY. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $45,168,370 | ExpenseAmt |
| Revenue | $50,956,954 | RevenueAmt |
| Desc | DURING THE FISCAL YEAR ENDED DECEMBER 31, 2024 THE INSTITUTION OBTAINED DEPOSIT FROM MEMBERS AND CONTINUE PROVIDING TO THEM AND THE COMMUNITY FINANCING SOURCES ALTERNATIVES WITH LOANS AT AFFORDABLE TERMS AS WELL AS ACCESSIBILITY TO TECHNOLOGY IN CHECKING, SAVING AND CREDIT PRODUCTS TO MANAGE THEIR PERSONAL FINANCES. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DURING THE FISCAL YEAR ENDED DECEMBER 31, 2024 THE INSTITUTION OBTAINED DEPOSIT FROM MEMBERS AND CONTINUE PROVIDING TO THEM AND THE COMMUNITY FINANCING SOURCES ALTERNATIVES WITH LOANS AT AFFORDABLE TERMS AS WELL AS ACCESSIBILITY TO TECHNOLOGY IN CHECKING, SAVING AND CREDIT PRODUCTS TO MANAGE THEIR PERSONAL FINANCES. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $45,168,370 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | false | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Loan Outstanding | Yes (true) | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 0 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | false | BackupWthldComplianceInd |
| Employee | 322 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 10 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 10 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (true) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | Yes (true) | LocalChaptersInd |
| Policies Reference Chapters | Yes (true) | PoliciesReferenceChaptersInd |
| Form990 Provided To Gvrn Body | false | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | COOPERATIVA DE AC DE ARECIBO | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7878782095 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | CALLE CAPITAN ABREU ESQUINA RUIZ GA | AddressLine1Txt |
| City | ARECIBO | CityNm |
| State Abbreviation | PR | StateAbbreviationCd |
| ZIP | 00959 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (13 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd |
|---|---|---|---|---|---|---|
| LUIS A GALARZA PEREZ | ||||||
| PRESIDENT | 2.00 | Yes (X) | $0 | $0 | $0 | |
| FELIPE D RUIZ SOSA | ||||||
| VICE PRESIDE | 2.00 | Yes (X) | $0 | $0 | $0 | |
| ROBERTO JUARBE DE ARCE | ||||||
| SECRETARY | 2.00 | Yes (X) | $0 | $0 | $0 | |
| DOMINGO SALICRUP DE JESUS | ||||||
| SUB SECRETAR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| LUIS G RIVERA MARCHAND | ||||||
| TREASURER | 2.00 | Yes (X) | $0 | $0 | $0 | |
| ROGELIO GONZALEZ VILLANUEVA | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| MYRNA Y ROSARIO GALARZA | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| JOSE A GONZALEZ RIVERA | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| NILDA H DIAZ DIAZ | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| WILFREDO GONZALEZ IRRIZARY | ||||||
| INTERIM PRES | 60.00 | $108,267 | $0 | $11,517 | Yes (X) | |
| LUIS GENERA PEREZ | ||||||
| FORMER PRESI | 60.00 | $77,903 | $0 | $4,345 | Yes (X) | |
| ANA M RODRIGUEZ SOTO | ||||||
| VP OF OPERAT | 60.00 | $95,463 | $0 | $9,220 | Yes (X) | |
| IDALIA ORTIZ RODIRGUEZ | ||||||
| VP FIN, & IN | 60.00 | $101,462 | $0 | $4,120 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $383,095 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $29,202 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 2 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | false | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | CompensationCompensationAmt | ServicesServicesDesc |
|---|---|---|---|---|---|
| RODRIGUEZ MALDONADO VELEZ | |||||
| 44 VIA ATENAS URB LANTIAGUA | TRUJILLO ALTO | PR | 00976 | $307,886 | |
| JOSUE M GONZALEZ MARTINEZ | |||||
| HC 7 BOX 98280 | ARECIBO | PR | 00612 | $116,330 | |
| RAPID AUTO | |||||
| PO BOX 456 | FLORIDA | PR | 00650 | $108,856 | |
| DIEBOLD | |||||
| PO BOX 643543 | PITTSBURGH | PA | 152643543 | $100,792 | |
| LLAVONA CASAS CPA PSC | |||||
| EDIF ORIGINAL COSVI 400 AVE AMERIC | SAN JUAN | PR | 00927 | $100,226 | ACCOUNTING |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $731,551 | GovernmentGrantsAmt |
| Total Contributions | $731,551 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MEMBERS' INTEREST LOANS | Desc |
| Total Revenue Column | $37,587,235 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $37,587,235 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $37,587,235 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $8,186,539 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $8,186,539 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|
| REV FROM MEMB CARDS & LOANS | $3,042,174 | $3,042,174 |
| REV FROM MEMBERS SERV CHARGE | $2,141,006 | $2,141,006 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $5,183,180 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $51,688,505 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $50,956,954 | RelatedOrExemptFuncIncomeAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $412,297 | TotalAmt |
| Program Services | $350,452 | ProgramServicesAmt |
| Management And General | $61,845 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,415,828 | TotalAmt |
| Program Services | $8,003,454 | ProgramServicesAmt |
| Management And General | $1,412,374 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $480,903 | TotalAmt |
| Program Services | $408,768 | ProgramServicesAmt |
| Management And General | $72,135 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,431,397 | TotalAmt |
| Program Services | $1,216,687 | ProgramServicesAmt |
| Management And General | $214,710 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,107,985 | TotalAmt |
| Program Services | $941,787 | ProgramServicesAmt |
| Management And General | $166,198 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $778,849 | TotalAmt |
| Program Services | $778,849 | ProgramServicesAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $674,779 | TotalAmt |
| Program Services | $674,779 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $161,311 | TotalAmt |
| Program Services | $137,114 | ProgramServicesAmt |
| Management And General | $24,197 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,956,387 | TotalAmt |
| Program Services | $1,662,929 | ProgramServicesAmt |
| Management And General | $293,458 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $803,067 | TotalAmt |
| Program Services | $803,067 | ProgramServicesAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $150,000 | TotalAmt |
| Program Services | $127,500 | ProgramServicesAmt |
| Management And General | $22,500 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,764,045 | TotalAmt |
| Program Services | $6,764,045 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,047,336 | TotalAmt |
| Program Services | $890,236 | ProgramServicesAmt |
| Management And General | $157,100 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,526,820 | TotalAmt |
| Program Services | $4,526,820 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| PROV FOR MEMB LOANS | $10,962,212 | $10,962,212 | |
| BANK & MASTER CARD CHARGE | $2,133,464 | $2,133,464 | |
| UTILITIES & SUT CHARGE | $1,060,597 | $901,507 | $159,090 |
| REPAIRS & MAINTENANCEEXP | $997,929 | $848,240 | $149,689 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,614,431 | TotalAmt |
| Program Services | $3,036,460 | ProgramServicesAmt |
| Management And General | $577,971 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $48,479,637 | TotalAmt |
| Program Services | $45,168,370 | ProgramServicesAmt |
| Management And General | $3,311,267 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $62,310,404 | BOYAmt |
| EOY | $69,355,568 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $29,250,036 | BOYAmt |
| EOY | $22,750,036 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $320,887 | BOYAmt |
| EOY | $298,326 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $548,154,313 | BOYAmt |
| EOY | $528,363,227 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $31,087,803 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $21,575,282 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,137,025 | BOYAmt |
| EOY | $9,512,521 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $138,346,220 | BOYAmt |
| EOY | $155,087,899 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,585,132 | BOYAmt |
| EOY | $26,799,029 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,452,922 | BOYAmt |
| EOY | $13,691,778 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $829,556,939 | BOYAmt |
| EOY | $825,858,384 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,302,573 | BOYAmt |
| EOY | $12,922,014 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $640,391,527 | BOYAmt |
| EOY | $633,498,125 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $654,694,100 | BOYAmt |
| EOY | $646,420,139 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $132,520,273 | BOYAmt |
| EOY | $135,369,949 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $41,342,566 | BOYAmt |
| EOY | $43,268,296 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,000,000 | BOYAmt |
| EOY | $800,000 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $174,862,839 | BOYAmt |
| EOY | $179,438,245 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $829,556,939 | BOYAmt |
| EOY | $825,858,384 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $3,208,868 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $1,366,538 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,200,705 | OtherCostOrOtherBasisAmt |
| Book Value | $1,200,705 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $7,508,670 | OtherCostOrOtherBasisAmt |
| Depreciation | $4,259,096 | DepreciationAmt |
| Book Value | $3,249,574 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $8,713,991 | OtherCostOrOtherBasisAmt |
| Depreciation | $5,050,328 | DepreciationAmt |
| Book Value | $3,663,663 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $13,552,297 | OtherCostOrOtherBasisAmt |
| Depreciation | $12,168,549 | DepreciationAmt |
| Book Value | $1,383,748 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $112,140 | OtherCostOrOtherBasisAmt |
| Depreciation | $97,309 | DepreciationAmt |
| Book Value | $14,831 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $9,512,521 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (6 entries)
| DescDesc | AmtAmt |
|---|---|
| SAVINGS ACCOUNTS | $437,379,712 |
| CERTIFICATES OF DEPOSITS | $150,265,161 |
| CHECKING ACCOUNTS | $34,032,735 |
| SPECIAL SAVINGS - IRAS | $9,793,748 |
| SUMMER SAVINGS PLAN | $1,018,873 |
| CHRISTMAS SAVINGS PLAN | $1,007,896 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $633,498,125 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $51,688,505 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $51,688,505 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $51,688,505 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $48,479,637 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $48,479,637 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $48,479,637 | TotalExpensesPerForm990Amt |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (21 entries)
| Relationship With OrgRelationshipWithOrgTxt | Loan PurposeLoanPurposeTxt | Loan From OrganizationLoanFromOrganizationInd | Original PrincipalOriginalPrincipalAmt | Balance DueBalanceDueAmt | DefaultDefaultInd | Board Or Committee ApprovalBoardOrCommitteeApprovalInd | Written AgreementWrittenAgreementInd |
|---|---|---|---|---|---|---|---|
| ANA M RODRIGUEZ SOTO | |||||||
| VP OF OPERATIONS | MORTGAGE | Yes (X) | $121,000 | $88,017 | false | Yes (true) | Yes (true) |
| WILFREDO GONZALEZ IRIZARRY | |||||||
| INTERIM EXEC. PRES. | AUTO LOAN | Yes (X) | $50,000 | $37,079 | false | Yes (true) | Yes (true) |
| ROBERTO JUARBE DE ARCE | |||||||
| DIRECTOR | AUTO LOAN | Yes (X) | $35,995 | $35,995 | false | Yes (true) | Yes (true) |
| MARIA E RODRIGUEZ RIVERA | |||||||
| DIRECTOR | AUTO LOAN | Yes (X) | $25,930 | $24,239 | false | Yes (true) | Yes (true) |
| MIRNA Y ROSARIO GALARZA | |||||||
| DIRECTOR | AUTO LOAN | Yes (X) | $34,615 | $20,532 | false | Yes (true) | Yes (true) |
| EDMANUEL VILLAFAE MAGOBET | |||||||
| VP OF COMPLIANCE | CONSUMER LOAN | Yes (X) | $20,000 | $19,166 | false | Yes (true) | Yes (true) |
| ANA M RODRIGUEZ SOTO | |||||||
| VP OF OPERATIONS | CONSUMER LOAN | Yes (X) | $50,000 | $17,625 | false | Yes (true) | Yes (true) |
| ANTONIO RIVERA ESTELA | |||||||
| DIRECTOR | CONSUMER LOAN | Yes (X) | $19,000 | $16,352 | false | Yes (true) | Yes (true) |
| MARIO HERNANDEZ GARCIA | |||||||
| DIRECTOR | AUTO LOAN | Yes (X) | $42,061 | $12,319 | false | Yes (true) | Yes (true) |
| NILDA H DIAZ DIAZ | |||||||
| DIRECTOR | CONSUMER LOAN | Yes (X) | $10,000 | $9,478 | false | Yes (true) | Yes (true) |
| ROGELIO GONZALEZ VILLANUEVA | |||||||
| CONSUMER LOAN | CONSUMER LOAN | Yes (X) | $6,400 | $5,191 | false | Yes (true) | Yes (true) |
| WILFREDO GONZALEZ IRIZARRY | |||||||
| INTERIM EXEC. PRES. | CONSUMER LOAN | Yes (X) | $3,150 | $3,155 | false | Yes (true) | Yes (true) |
| ROGELIO GONZALEZ VILLANUEVA | |||||||
| DIRECTOR | CONSUMER LOAN | Yes (X) | $3,250 | $2,498 | false | Yes (true) | Yes (true) |
| MIRNA Y ROSARIO GALARZA | |||||||
| DIRECTOR | CONSUMER LOAN | Yes (X) | $2,300 | $1,798 | false | Yes (true) | Yes (true) |
| ROGELIO GONZALEZ VILLANUEVA | |||||||
| DIRECTOR | CONSUMER LOAN | Yes (X) | $2,600 | $1,182 | false | Yes (true) | Yes (true) |
| ANA M MARIA RODRIGUEZ SOTO | |||||||
| VP OF OPERATIONS | CONSUMER LOAN | Yes (X) | $2,500 | $736 | false | Yes (true) | Yes (true) |
| REYNALDO GARCIA AROCHO | |||||||
| DIRECTOR | CONSUMER LOAN | Yes (X) | $4,000 | $712 | false | Yes (true) | Yes (true) |
| LUIS G RIVERA MARCHAND | |||||||
| DIRECTOR | CONSUMER LOAN | Yes (X) | $13,800 | $671 | false | Yes (true) | Yes (true) |
| JOSE A GONZALEZ RIVERA | |||||||
| DIRECTOR | CONSUMER LOAN | Yes (X) | $1,275 | $647 | false | Yes (true) | Yes (true) |
| FELIPE D RUIZ SOSA | |||||||
| DIRECTOR | CONSUMER LOAN | Yes (X) | $1,000 | $630 | false | Yes (true) | Yes (true) |
| ANA M RODRIGUEZ SOTO | |||||||
| VP OF OPERATIONS | CONSUMER LOAN | Yes (X) | $883 | $304 | false | Yes (true) | Yes (true) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $298,326 | TotalBalanceDueAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE L, PART II | FormAndLineReferenceDesc |
| Explanation | ROGELIO GONZALEZ VILLANUEVA FROM 6,400 5,191 CONSUMER LOAN ( ) IN DEFAULT (X) APPROVED BY BOARD/COMMITTEE (X) WRITTEN AGREEMENT WILFREDO GONZALEZ IRIZARRY FROM 3,150 3,155 CONSUMER LOAN ( ) IN DEFAULT (X) APPROVED BY BOARD/COMMITTEE (X) WRITTEN AGREEMENT ROGELIO GONZALEZ VILLANUEVA FROM 3,250 2,498 CONSUMER LOAN ( ) IN DEFAULT (X) APPROVED BY BOARD/COMMITTEE (X) WRITTEN AGREEMENT MIRNA Y ROSARIO GALARZA FROM 2,300 1,798 CONSUMER LOAN ( ) IN DEFAULT (X) APPROVED BY BOARD/COMMITTEE (X) WRITTEN AGREEMENT ROGELIO GONZALEZ VILLANUEVA FROM 2,600 1,182 CONSUMER LOAN ( ) IN DEFAULT (X) APPROVED BY BOARD/COMMITTEE (X) WRITTEN AGREEMENT ANA M MARIA RODRIGUEZ SOTO FROM 2,500 736 CONSUMER LOAN ( ) IN DEFAULT (X) APPROVED BY BOARD/COMMITTEE (X) WRITTEN AGREEMENT REYNALDO GARCIA AROCHO FROM 4,000 712 CONSUMER LOAN ( ) IN DEFAULT (X) APPROVED BY BOARD/COMMITTEE (X) WRITTEN AGREEMENT LUIS G RIVERA MARCHAND FROM 13,800 671 CONSUMER LOAN ( ) IN DEFAULT (X) APPROVED BY BOARD/COMMITTEE (X) WRITTEN AGREEMENT JOSE A GONZALEZ RIVERA FROM 1,275 647 CONSUMER LOAN ( ) IN DEFAULT (X) APPROVED BY BOARD/COMMITTEE (X) WRITTEN AGREEMENT FELIPE D RUIZ SOSA FROM 1,000 630 CONSUMER LOAN ( ) IN DEFAULT (X) APPROVED BY BOARD/COMMITTEE (X) WRITTEN AGREEMENT ANA M RODRIGUEZ SOTO FROM 883 304 CONSUMER LOAN ( ) IN DEFAULT (X) APPROVED BY BOARD/COMMITTEE (X) WRITTEN AGREEMENT | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PAGE 2, PART III, LINE 4D | DURING THE FISCAL YEAR ENDED DECEMBER 31, 2024 THE INSTITUTION OBTAINED DEPOSIT FROM MEMBERS AND CONTINUE PROVIDING TO THEM AND THE COMMUNITY FINANCING SOURCES ALTERNATIVES WITH LOANS AT AFFORDABLE TERMS AS WELL AS ACCESSIBILITY TO TECHNOLOGY IN CHECKING, SAVING AND CREDIT PRODUCTS TO MANAGE THEIR PERSONAL FINANCES. |
| FORM 990, PAGE 6, PART VI, LINE 6 | CLASSESS OF MEMBERS OR STOCKHOLDERS. THE ORGANIZATION IS COMPOSED OF MEMBER WHO JOIN VOLUNTARILY TO MEET THEIR COMMON ECONOMIC AND SOCIAL NEEDS. |
| FORM 990, PAGE 6, PART VI, LINE 7A | THE MEMBERS OF THE ORGANIZATION HAVE THE POWER TO ELECT THE BOARD OF DIRECTORS FOR DIFFERENTS TERMS AS PROVIDED BY THE LAW 255. DURING THE ANNUAL MEETING OF MEMBERS WHICH IS HELD DURING THE SIX MONTHS FOLLOWING THE END OF FISCAL YEAR OF THE ORGANIZATION, OTHER COMMITTEES ARE ALSO ELECTED SUCH AS THE SUPERVISORY COMMITTEE. |
| FORM 990, PAGE 6, PART VI, LINE 7B | THE BOARD OF DIRECTORS IS IN CHARGE OF THE GOVERNANCE DECISIONS OF THE ORGANIZATION. NEVERTHELESS, AN ADMINISTRATIVE MATTER PRESENTED BY A MEMBER IN THE ANUAL MEETING OF MEMMBERS BY MEANS OF A FORMAL PROPOSAL WHICH IS APPROVED BY THE MAJORITY OF THE VOTES WILL BE MANDATORY FOR THE PRESENT AND ABSENT MEMBERS AS LONG AS IT IS ACCORDANCE WITH THE GENERAL REGULATIONS OF THE INSTUTION AND THE APPLICABLE LAWS. |
| FORM 990, PAGE 6, PART VI, LINE 11B | WHEN FORM 990 IS READY FOR REVIEW THE BOARD OF DIRECTOR DISCUSS IT WITH THE PRESIDENT OF THE CREDIT UNION AND THE DIRECTOR OF FINANCE. ONCE THIS DISCUSSION IS COMPLETED, THE RETURN IS AUTHORIZED TO BE FILED WITH THE IRS. |
| FORM 990, PAGE 6, PART VI, LINE 12C | THE SUPERVISORY COMMITED OF THE BOARD OF DIRECTORS PERFORM THIS TASK. IN CONFORMITY WITH THE DISPOSITIONS OF THE LAW NUMBERS 225, EVERY TRANSACTION INVOLVING A DIRECTOR, OFFICER OR KEY EMPLOYEE ARE EVALUATED BY THEM. |
| FORM 990, PAGE 6, PART VI, LINE 15A | THE BOARD OF DIRECTOR IS INVOLVED IN THE PROCESS FOR DETERMINING COMPENSATION FOR THE EXECUTIVE DIRECTOR OF THE CREDIT UNION. |
| FORM 990, PAGE 6, PART VI, LINE 15B | IN THE CASE OF THE KEY EMPLOYEES OF THE INSTITUTION, THE PROCESS IS PERFORMED BY THE EXECUTIVE DIRECTOR ALONG WITH THE HUMAN RESOURCES DIRECTOR. |
| FORM 990, PAGE 6, PART VI, LINE 19 | THE CREDIT UNIONS HAS AVAILABLE ITS FINANCIAL STATEMENTS, MEMBERS MANUALS, BROCHURE AND THE PRIVACY POLICY TO PUBLIC INSPECTION. |
| FORM 990, PART XI, LINE 9 | SHARES CONTRIBUTION FROM MEMBERS 46,060,602 DORMANT ACCOUNTS 337,546 CHANGE IN NET COMPREHENSIVE LOSS 1,360,983 ISSUANCE OF CAPITAL OBLIGATIONS 250,000 WITHDRAWAL OF SHARES FROM MEMBERS -44,210,926 RECLASSIFICATION OF REDEMPTION FUND -2,215,000 SURPLUS TRANSFERRED TO REDEMPTION FUND -216,667 TOTAL 1,366,538 |