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Nonprofiteer
← COOPERATIVA DE AHORRO Y CREDITO LA CANDELARIA

Form 990 for tax year 2024

Filed by COOPERATIVA DE AHORRO Y CREDITO LA CANDELARIA.

Totals

Total revenue
$18,122,211
Total expenses
$19,114,974
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$16,787,844
Other revenue
$1,334,367
Total assets, end of year
$251,371,505
Total liabilities, end of year
$207,740,060
Net assets or fund balances, end of year
$43,631,445
Program services expenses (Part IX)
$0
Management and general expenses
$19,114,974
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 $16,787,844 · related or exempt $16,787,844 · 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

  • 11a · Other revenue: Credit card and E transaction fee income

    total $440,421 · related or exempt $440,421 · unrelated business $0 · excluded $0

  • 11b · Other revenue: Service fee income

    total $444,384 · related or exempt $444,384 · unrelated business $0 · excluded $0

  • 11c · Other revenue: Service comissions

    total $251,586 · related or exempt $251,586 · unrelated business $0 · excluded $0

  • 11d · All other revenue

    total $197,976 · related or exempt $197,976 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $1,334,367

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $0

  • 7 · Other salaries and wages

    total $2,087,309 · management and general $2,087,309

  • 8 · Pension plan contributions

    total $38,962 · management and general $38,962

  • 9 · Other employee benefits

    total $204,817 · management and general $204,817

  • 10 · Payroll taxes

    total $190,902 · management and general $190,902

  • 11g · Fees: other

    total $689,770 · management and general $689,770

  • 12 · Advertising and promotion

    total $602,089 · management and general $602,089

  • 13 · Office expenses

    total $102,484 · management and general $102,484

  • 17 · Travel

    total $95,709 · management and general $95,709

  • 19 · Conferences, conventions and meetings

    total $109,100 · management and general $109,100

  • 20 · Interest

    total $7,007,792 · management and general $7,007,792

  • 22 · Depreciation, depletion and amortization

    total $538,653 · management and general $538,653

  • 23 · Insurance

    total $769,982 · management and general $769,982

  • 24a · Other expenses: REPAIR AND MAINTENANCE

    total $700,677 · program services $0 · management and general $700,677 · fundraising $0

  • 24b · Other expenses: PROVISION AND LOSS ON SALES OF REPOSSESSED PROPERTIES

    total $611,177 · program services $0 · management and general $611,177 · fundraising $0

  • 24c · Other expenses: REPAIR AND MAINTENANCE TO REPOSSESSED PROPERTIES

    total $491,179 · program services $0 · management and general $491,179 · fundraising $0

  • 24d · Other expenses: PROVISION FOR CREDIT LOSSES

    total $2,978,966 · program services $0 · management and general $2,978,966 · fundraising $0

  • 24e · All other expenses

    total $1,895,406 · management and general $1,895,406

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $14,718,616 · end of year $37,783,552

  • 2 · Savings and temporary cash investments

    beginning of year $925,000 · end of year $675,000

  • 5 · Loans and receivables from officers and key people

    beginning of year $508,545 · end of year $516,809

  • 7 · Other notes and loans receivable

    beginning of year $137,817,731 · end of year $132,185,223

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

    $13,275,068

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

    $4,446,665

  • 10c · Land, buildings and equipment, net

    beginning of year $9,293,235 · end of year $8,828,403

  • 11 · Investments: publicly traded securities

    beginning of year $33,451,968 · end of year $63,631,053

  • 12 · Investments: other securities

    beginning of year $2,447,163 · end of year $2,502,560

  • 15 · Other assets

    beginning of year $4,701,016 · end of year $5,248,905

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,911,390 · end of year $2,019,940

  • 25 · Other liabilities

    beginning of year $157,233,983 · end of year $205,720,120

  • 29 · Capital stock, trust principal or current funds

    beginning of year $26,151,376 · end of year $25,778,247

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

    beginning of year $350,000 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $18,216,525 · end of year $17,853,198

Mission and programs · 2024

Mission

The most significant activities of the organization is to offer financial services and loans to credit union members. Any net income and surplus provided from operations is distributed among members.

  • TO OFFER SAVINGS AND CREDIT PRODUCTS FOR THE CREDIT UNION MEMBERS

As filed on the 2024 return.

Listed in Part VII

  • Elmy Rodriguez

    CEO

    Total calculated
    $273,940
    From this org
    $273,940
    From related orgs
    $0
    Other
    $0
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $273,940
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $273,940

  • Griselle M De Jesus Morales

    VICEPRESIDENT OF OPERATIONS

    Total calculated
    $80,065
    From this org
    $80,065
    From related orgs
    $0
    Other
    $0
    Hours/week
    50

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
2024
Filed
25 February 2026
IRS schema version
2024v5.0
Source object
202610969349300816

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