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Nonprofiteer
← COOPERATIVA DE AHORRO Y CREDITO CAMUY

Form 990 for tax year 2022

Filed by COOPERATIVA DE AHORRO Y CREDITO CAMUY.

Totals

Total revenue
$15,010,171
Total expenses
$10,479,884
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$11,606,780
Other revenue
$3,403,391
Total assets, end of year
$290,823,177
Total liabilities, end of year
$192,719,285
Net assets or fund balances, end of year
$98,103,892
Program services expenses (Part IX)
$0
Management and general expenses
$10,479,884
Fundraising expenses
$0
Program service expenses (Part III)
$0

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $11,606,780 · related or exempt $11,606,780 · unrelated business $0 · excluded $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

    total $3,403,391 · related or exempt $3,403,391 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $3,403,391

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $425,280 · management and general $425,280

  • 7 · Other salaries and wages

    total $2,370,719 · management and general $2,370,719

  • 8 · Pension plan contributions

    total $176,129 · management and general $176,129

  • 10 · Payroll taxes

    total $288,576 · management and general $288,576

  • 11g · Fees: other

    total $1,008,186 · management and general $1,008,186

  • 12 · Advertising and promotion

    total $379,354 · management and general $379,354

  • 13 · Office expenses

    total $240,855 · management and general $240,855

  • 16 · Occupancy

    total $129,267 · management and general $129,267

  • 19 · Conferences, conventions and meetings

    total $49,010 · management and general $49,010

  • 20 · Interest

    total $894,124 · management and general $894,124

  • 22 · Depreciation, depletion and amortization

    total $719,299 · management and general $719,299

  • 23 · Insurance

    total $1,199,621 · management and general $1,199,621

  • 24a · Other expenses: HEALT INSURANCE

    total $384,274 · program services $0 · management and general $384,274 · fundraising $0

  • 24b · Other expenses: UTILITIES

    total $294,519 · program services $0 · management and general $294,519 · fundraising $0

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $311,108 · program services $0 · management and general $311,108 · fundraising $0

  • 24d · Other expenses: MAINTENANCE OF ATM AND MASTER CARD

    total $433,967 · program services $0 · management and general $433,967 · fundraising $0

  • 24e · All other expenses

    total $1,175,596 · management and general $1,175,596

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $68,994,318 · end of year $29,641,553

  • 2 · Savings and temporary cash investments

    beginning of year $12,800,003 · end of year $10,752,558

  • 4 · Accounts receivable

    beginning of year $166,040,247 · end of year $179,622,856

  • 6 · Loans and receivables from disqualified persons

    beginning of year $1,071,715 · end of year $1,030,791

  • 7 · Other notes and loans receivable

    beginning of year $8,512,849 · end of year $4,361,281

  • 10a · Land, buildings and equipment: cost or other basis

    $17,955,055

  • 10b · Land, buildings and equipment: accumulated depreciation

    $9,865,373

  • 10c · Land, buildings and equipment, net

    beginning of year $6,370,021 · end of year $8,089,682

  • 12 · Investments: other securities

    beginning of year $17,876,403 · end of year $47,317,363

  • 13 · Investments: program-related

    beginning of year $6,876,802 · end of year $6,699,205

  • 15 · Other assets

    beginning of year $2,901,934 · end of year $3,307,888

  • 17 · Accounts payable and accrued expenses

    beginning of year $15,307,046 · end of year $3,005,142

  • 25 · Other liabilities

    beginning of year $179,116,384 · end of year $189,714,143

  • 29 · Capital stock, trust principal or current funds

    beginning of year $75,261,056 · end of year $74,056,012

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $18,190,798 · end of year $19,582,879

  • 31 · Retained earnings, endowment or other funds

    beginning of year $3,569,008 · end of year $4,465,001

Mission and programs · 2022

Mission

TO PROVIDE FINANCIAL SERVICES AS LOANS, SAVINGS AND ACCOUNTS MAINLY TO LOW INCOME INCOME SECTOR OF PEOPLE IN PRUETO RICO. ALSO CREDIT UNION MAKE A SOCIAL INVESMENT IN THE COMMUNITY.

Activities or mission (Part I)

TO PROVIDE FINANCCIAL SERVICES AS LOANS, SAVINGS AND ACCOUNTS MAINLY TO LOW INCOME SECTOR OF PEOPLE IN PUERTO RICO. ALSO, CREDIT UNION MAKE A SOCILA INVESMENT IN THE COMMUNITY.

  • INTEREST INCOME AND OTHER INCOME OF $15,010,171 AND TOTAL EXPENSES OF $10,479,884.

As filed on the 2022 return.

Listed in Part VII

  • Michele Franqui Baquero

    EXECUTIVE PRESIDENT

    Total calculated
    $192,053
    From this org
    $192,053
    From related orgs
    $0
    Other
    $0
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $192,053
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $192,053

  • Emmanuel Roman Figueroa

    VICEPRESIDENT OF ADMINISTRATION

    Total calculated
    $81,837
    From this org
    $81,837
    From related orgs
    $0
    Other
    $0
    Hours/week
    0 + 45 related

  • Alvin Atiles Tosado

    VICEPRESIDENT OF FINANCE

    Total calculated
    $80,697
    From this org
    $80,697
    From related orgs
    $0
    Other
    $0
    Hours/week
    0 + 45 related

  • Nancy Lopz Quinones

    VICEPRESIDENT OF OPERATIONS

    Total calculated
    $70,693
    From this org
    $70,693
    From related orgs
    $0
    Other
    $0
    Hours/week
    0 + 45 related

  • Manuel Hermina Cajigas

    BOARD PRESIDENT

    Total calculated
    $0
    Hours/week
    0 + 10 related

  • Sonia Rivera Martinez

    SECRETARY

    Total calculated
    $0
    Hours/week
    0 + 10 related

  • Yamilka Saavedra Tosado

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0 + 10 related

  • Astrid Del C Jimenez Lopez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0 + 10 related

  • Jose F Ruiz Ramos

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0 + 10 related

  • Juan Sonera Gonzalez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0 + 10 related

  • Maria L Ramos Nieves

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0 + 10 related

  • Mayra L Ortiz Ruiz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0 + 10 related

  • Sonia Mendez Guillama

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0 + 10 related

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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

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
2022
Filed
30 June 2023
IRS schema version
2022v5.0
Source object
202313189349301756

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