2025-11-12T14:11:05-05:00 2024-12-31 660714530 BAKER TILLY PUERTO RICO PO BOX 366202 SAN JUAN PR 009366202 990 2024-01-01 660190521 COOPERATIVA DE AHORRO Y CREDITO DE ARECIBO COOP 7878782095 CALLE CAPITAN ABREU ESQUINA RUIZ GA ARECIBO PR 00613 ANA M RODRIGUEZ SOTO VP OF OPERATIONS 7878782095 2025-11-07 true false JOSE A RODRIGUEZ CPA P01442998 7876228855 2025-11-12 2024 2025-03-06 01:10:19Z WILFREDO GONZALEZ IRRIZARY CALLE CAPITAN ABREU ESQUINA RUIZ HATILLO PR 00659 51688505 false X COOPACA.COM X 1947 PR TO IMPROVE THE QUALITY OF LIFE OF OUR MEMBERS BY PROMOTING EFECTIVE VALUES, FINANCIAL SOURCES AND THE COOPERATIVE MOVEMENT PHILOSOPHY. 10 10 322 0 3770791 731551 37587235 38485565 8186539 6648412 5183180 48904768 51688505 0 0 10613606 12848410 0 0 24760755 35631227 35374361 48479637 13530407 3208868 829556939 825858384 654694100 646420139 174862839 179438245 X TO IMPROVE THE QUALITY OF LINE OF OUR MEMBERS BY PROMOTING EFECTIVE VALUES, FINANCIAL SOURCES AND THE COOPERATIVE MOVEMENT PHILOSOPHY. false false 45168370 50956954 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. 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. 45168370 false false false false false false false false false true false false false true false true false false false false false false false false false false false false false false true false false false false false false false false false false false false true 0 0 false 322 true false false false false false false false false X 10 10 false false false false true true true true true false true true false true true true true true true true false X COOPERATIVA DE AC DE ARECIBO 7878782095 CALLE CAPITAN ABREU ESQUINA RUIZ GA ARECIBO PR 00959 LUIS A GALARZA PEREZ PRESIDENT 2.00 X 0 0 0 FELIPE D RUIZ SOSA VICE PRESIDE 2.00 X 0 0 0 ROBERTO JUARBE DE ARCE SECRETARY 2.00 X 0 0 0 DOMINGO SALICRUP DE JESUS SUB SECRETAR 2.00 X 0 0 0 LUIS G RIVERA MARCHAND TREASURER 2.00 X 0 0 0 ROGELIO GONZALEZ VILLANUEVA DIRECTOR 2.00 X 0 0 0 MYRNA Y ROSARIO GALARZA DIRECTOR 2.00 X 0 0 0 JOSE A GONZALEZ RIVERA DIRECTOR 2.00 X 0 0 0 NILDA H DIAZ DIAZ DIRECTOR 2.00 X 0 0 0 WILFREDO GONZALEZ IRRIZARY INTERIM PRES 60.00 X 108267 0 11517 LUIS GENERA PEREZ FORMER PRESI 60.00 X 77903 0 4345 ANA M RODRIGUEZ SOTO VP OF OPERAT 60.00 X 95463 0 9220 IDALIA ORTIZ RODIRGUEZ VP FIN, & IN 60.00 X 101462 0 4120 383095 29202 2 false false false RODRIGUEZ MALDONADO VELEZ 44 VIA ATENAS URB LANTIAGUA TRUJILLO ALTO PR 00976 307886 JOSUE M GONZALEZ MARTINEZ HC 7 BOX 98280 ARECIBO PR 00612 116330 RAPID AUTO PO BOX 456 FLORIDA PR 00650 108856 DIEBOLD PO BOX 643543 PITTSBURGH PA 152643543 100792 LLAVONA CASAS CPA PSC EDIF ORIGINAL COSVI 400 AVE AMERIC SAN JUAN PR 00927 ACCOUNTING 100226 5 731551 731551 MEMBERS' INTEREST LOANS 37587235 37587235 37587235 8186539 8186539 REV FROM MEMB CARDS & LOANS 3042174 3042174 REV FROM MEMBERS SERV CHARGE 2141006 2141006 5183180 51688505 50956954 412297 350452 61845 9415828 8003454 1412374 480903 408768 72135 1431397 1216687 214710 1107985 941787 166198 778849 778849 674779 674779 161311 137114 24197 1956387 1662929 293458 803067 803067 150000 127500 22500 6764045 6764045 1047336 890236 157100 4526820 4526820 PROV FOR MEMB LOANS 10962212 10962212 BANK & MASTER CARD CHARGE 2133464 2133464 UTILITIES & SUT CHARGE 1060597 901507 159090 REPAIRS & MAINTENANCEEXP 997929 848240 149689 3614431 3036460 577971 48479637 45168370 3311267 0 62310404 69355568 29250036 22750036 320887 298326 548154313 528363227 31087803 21575282 10137025 9512521 138346220 155087899 25585132 26799029 15452922 13691778 829556939 825858384 14302573 12922014 640391527 633498125 654694100 646420139 X 132520273 135369949 41342566 43268296 1000000 800000 174862839 179438245 829556939 825858384 X 3208868 1366538 X false true X true false 1200705 1200705 7508670 4259096 3249574 8713991 5050328 3663663 13552297 12168549 1383748 112140 97309 14831 9512521 SAVINGS ACCOUNTS 437379712 CERTIFICATES OF DEPOSITS 150265161 CHECKING ACCOUNTS 34032735 SPECIAL SAVINGS - IRAS 9793748 SUMMER SAVINGS PLAN 1018873 CHRISTMAS SAVINGS PLAN 1007896 633498125 51688505 51688505 51688505 48479637 48479637 48479637 ANA M RODRIGUEZ SOTO VP OF OPERATIONS MORTGAGE X 121000 88017 false true true WILFREDO GONZALEZ IRIZARRY INTERIM EXEC. PRES. AUTO LOAN X 50000 37079 false true true ROBERTO JUARBE DE ARCE DIRECTOR AUTO LOAN X 35995 35995 false true true MARIA E RODRIGUEZ RIVERA DIRECTOR AUTO LOAN X 25930 24239 false true true MIRNA Y ROSARIO GALARZA DIRECTOR AUTO LOAN X 34615 20532 false true true EDMANUEL VILLAFAE MAGOBET VP OF COMPLIANCE CONSUMER LOAN X 20000 19166 false true true ANA M RODRIGUEZ SOTO VP OF OPERATIONS CONSUMER LOAN X 50000 17625 false true true ANTONIO RIVERA ESTELA DIRECTOR CONSUMER LOAN X 19000 16352 false true true MARIO HERNANDEZ GARCIA DIRECTOR AUTO LOAN X 42061 12319 false true true NILDA H DIAZ DIAZ DIRECTOR CONSUMER LOAN X 10000 9478 false true true ROGELIO GONZALEZ VILLANUEVA CONSUMER LOAN CONSUMER LOAN X 6400 5191 false true true WILFREDO GONZALEZ IRIZARRY INTERIM EXEC. PRES. CONSUMER LOAN X 3150 3155 false true true ROGELIO GONZALEZ VILLANUEVA DIRECTOR CONSUMER LOAN X 3250 2498 false true true MIRNA Y ROSARIO GALARZA DIRECTOR CONSUMER LOAN X 2300 1798 false true true ROGELIO GONZALEZ VILLANUEVA DIRECTOR CONSUMER LOAN X 2600 1182 false true true ANA M MARIA RODRIGUEZ SOTO VP OF OPERATIONS CONSUMER LOAN X 2500 736 false true true REYNALDO GARCIA AROCHO DIRECTOR CONSUMER LOAN X 4000 712 false true true LUIS G RIVERA MARCHAND DIRECTOR CONSUMER LOAN X 13800 671 false true true JOSE A GONZALEZ RIVERA DIRECTOR CONSUMER LOAN X 1275 647 false true true FELIPE D RUIZ SOSA DIRECTOR CONSUMER LOAN X 1000 630 false true true ANA M RODRIGUEZ SOTO VP OF OPERATIONS CONSUMER LOAN X 883 304 false true true 298326 SCHEDULE L, PART II 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 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