COOPERATIVA DE AHORRO Y CREDITO DE ARECIBO

Address
CALLE CAPITAN ABREU ESQUINA RUIZ GA
ARECIBO, PR 00613
Contact
Website: http://coopaca.com
Phone: +1 (787) 878-2095
Nonprofit
EIN: 66-0190521
Year formed: 1947

Mission

THE ORGANIZATION DOES SAVINGS AND DEPOSITS.
 20162015201420132012
Basic features of the organization
Year of formation1947
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$292,273.00$271,343.00$275,821.00$338,900.00$290,060.00
Sum of reportable (W2/1099) compensation$292,273.00$271,343.00$275,821.00$338,900.00$290,060.00
Number of employees224223230199189
Number of people compensated >$100k11111
Number of volunteers00000
Number of highly compensated contractors5783 
Personnel
Acosta, Nereida
Title  CONTROLLERCONTROLLERCONTROLLER
Name of key/compensated person  NEREIDA ACOSTANEREIDA ACOSTANEREIDA ACOSTA
Position of compensated person
Current key employee (> $150k)  TrueTrueTrue
Average hours per week working for org  505050
Reportable compensation from org  $49,068.00$50,860.00$43,951.00
Other comp, non-reportable, from org and related orgs  $0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00$0.00
Average hours per week working for related orgs  000
Campos, Eliud
Title   INFORMATION SYSTEMINFORMATION SYSTEM
Name of key/compensated person   ELIUD CAMPOSELIUD CAMPOS
Position of compensated person
Current key employee (> $150k)   TrueTrue
Average hours per week working for org   5050
Reportable compensation from org   $44,137.00$37,658.00
Other comp, non-reportable, from org and related orgs   $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00$0.00
Average hours per week working for related orgs   00
Mendez, William
TitleEXECUTIVE PRESIDENTEXECUTIVE PRESIDENTEXECUTIVE PRESIDENTEXECUTIVE PRESIDENTEXECUTIVE PRESIDENT
Name of key/compensated personWILLIAM MENDEZWILLIAM MENDEZWILLIAM MENDEZWILLIAM MENDEZWILLIAM MENDEZ
Position of compensated person
Current key employee (> $150k)    True
Average hours per week working for org5050505050
Reportable compensation from org$168,139.00$170,066.00$171,884.00$135,650.00$115,000.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs0000 
Natal, Luz
Title   MANAGERMANAGER
Name of key/compensated person   LUZ E NATALLUZ E NATAL
Position of compensated person
Current key employee (> $150k)   TrueTrue
Average hours per week working for org   5050
Reportable compensation from org   $52,029.00$46,531.00
Other comp, non-reportable, from org and related orgs   $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00$0.00
Average hours per week working for related orgs   00
Ortiz, Idalia
TitleCONTROLLERCONTROLLER   
Name of key/compensated personIDALIA ORTIZIDALIA ORTIZ   
Position of compensated person
Current key employee (> $150k)TrueTrue   
Average hours per week working for org50.0050   
Reportable compensation from org$53,856.00$35,020.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Average hours per week working for related orgs00   
Rodriguez, Ana
TitleVP OPERATIONSVP OPERATIONSVP OPERATIONSVP OPERATIONSVP OPERATIONS
Name of key/compensated personANA M RODRIGUEZANA M RODRIGUEZANA M RODRIGUEZANA M RODRIGUEZANA M RODRIGUEZ
Position of compensated person
Current key employee (> $150k)TrueTrueTrueTrueTrue
Average hours per week working for org5050505050
Reportable compensation from org$70,278.00$66,257.00$54,869.00$56,224.00$46,920.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs00000
Purpose: mission, activities, & accomplishments
Mission or significant activitiesTHIS IS A NON PROFIT ORGANIZATION AND IS PRIMARILY DEDICATED TO RECEIVE SAVINGS FROM ITS MEMBERS IN THE FORM OF SHARES AND DEPOSITSTHIS IS A NON PROFIT ORGANIZATION AND IS PRIMARILY DEDICATED TO RECEIVE SAVINGS FROM ITS MEMBERS IN THE FORM OF SHARES AND DEPOSITSTHIS IS A NON PROFIT ORGANIZATION AND IS PRIMARILY DEDICATED TO RECEIVE SAVINGS FROM ITS MEMBERS IN THE FORM OF SHARES AND DEPOSITSTHIS IS A NON PROFIT ORGANIZATION AND IS PRIMARILY DEDICATED TO RECEIVE SAVINGS FROM ITS MEMBERS IN THE FORM OF SHARES AND DEPOSITSTHIS IS A NON PROFIT ORGANIZATION AND IS PRIMARILY DEDICATED TO RECEIVE SAVINGS FROM ITS MEMBERS IN THE FORM OF SHARES AND DEPOSITS
Program service expenses, total$0.00$0.00$0.00$0.00$0.00
Programs, including revenue & expenses
THE CREDIT UNION GENERATED INCOME OF 33,371,604. THE CREDIT UNION HAD TOTAL EXPENSES OF 36,694,670. LOSS IN EXCESS OF EXPENSES WAS OF 3,323,066.
Program descriptionTHE CREDIT UNION GENERATED INCOME OF 33,371,604. THE CREDIT UNION HAD TOTAL EXPENSES OF 36,694,670. LOSS IN EXCESS OF EXPENSES WAS OF 3,323,066.THE CREDIT UNION GENERATED INCOME OF 33,720,233. THE CREDIT UNION HAD TOTAL EXPENSES OF 33,367,985,. INCOME IN EXCESS OF EXPENSES WAS OF.1,352,252.THE CREDIT UNION GENERATED INCOME OF 32,095,631. THE CREDIT UNION HAD TOTAL EXPENSES OF 28,992,892. INCOME IN EXCESS OF EXPENSES WAS OF 3,102,739.THE CREDIT UNION GENERATED INCOME OF 32,197,310. THE CREDIT UNION HAD TOTAL EXPENSES OF 27,621,046. INCOME IN EXCESS OF EXPENSES WAS OF 4,576,264.THE CREDIT UNION GENERATED INTEREST INCOME OF 27,787,441 AND OTHER INCOME OF 4,088,274. THE CREDIT UNION HAD TOTAL EXPENSES OF 27,367,292. INTERST INCOME AND OTHER INCOME IN EXCESS OF EXPENSES WAS OF 4,508,423.
Financial data
Revenue
Total revenue$33,371,604.00$33,720,237.00$32,095,631.00$32,197,310.00$31,875,715.00
Revenue from contributions (total)$0.00$0.00$0.00$0.00$0.00
Investment income, current yr$27,235,501.00$29,008,926.00$28,389,884.00$28,386,369.00$27,787,441.00
Total revenue from grants, etc., current yr$0.00$0.00$0.00$0.00$0.00
Total unrelated business revenue$0.00$0.00$0.00$0.00$0.00
Other revenue, current yr$6,136,103.00$4,711,311.00$3,705,747.00$3,810,941.00$4,088,274.00
Net unrelated business taxable revenue$0.00$0.00$0.00$0.00$0.00
Program service revenue (total)$0.00$0.00$0.00$0.00$0.00
Gross receipts$33,371,604.00$33,720,237.00$32,095,631.00$32,197,310.00$31,875,715.00
Other types of revenue
Royalties (total)$0.00$0.00$0.00$0.00$0.00
Miscellaneous revenue (total)$6,136,103.00$4,711,311.00$3,705,747.00$3,810,941.00$4,088,274.00
Income from dividends, interest, and similar investments$27,235,501.00$29,008,926.00$28,389,884.00$28,386,369.00$27,787,441.00
Expense categories (totals)
Total functional expenses: sum of all$36,694,670.00$32,367,985.00$28,992,892.00$27,621,046.00$27,367,292.00
Total functional expenses: program service $0.00$0.00$0.00$0.00$0.00
Total functional expenses: management and general$36,694,670.00$32,367,985.00$28,992,892.00$27,621,046.00$27,367,292.00
Total functional expenses: fundraising$0.00$0.00$0.00$0.00$0.00
Fees for services
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
Assets and liabilities
Total assets$584,129,316.00$598,852,725.00$603,044,498.00$570,589,949.00$558,242,313.00
Total assets, beginning of year$598,852,725.00$603,044,498.00$570,589,949.00$558,242,313.00$514,572,126.00
Total liabilities$464,796,358.00$479,419,161.00$475,510,777.00$455,775,717.00$439,741,249.00
Total liabilities, beginning of year$479,419,161.00$475,510,777.00$455,775,717.00$439,741,249.00$405,927,307.00
Loans & receivables from key persons$329,515.00$290,875.00$312,604.00$614,729.00$578,218.00
Net assets$119,332,958.00$119,433,564.00$127,533,721.00$114,814,232.00$118,501,064.00
Net assets, beginning of year$119,433,564.00$127,533,721.00$114,814,232.00$118,501,064.00$108,644,819.00
Other liabilities$454,854,774.00$470,726,928.00$467,892,072.00$449,564,221.00$432,733,651.00
Other assets$8,766,012.00$10,953,874.00$17,288,249.00$13,580,777.00$13,328,880.00
Investments: other securities$19,871,306.00$19,358,450.00$13,959,944.00$13,090,184.00$12,767,165.00
Investments: publicly traded securities$117,469,280.00$149,963,739.00$162,888,294.00$146,145,765.00$140,655,262.00
Cash: non-interest bearing$63,976,264.00$48,573,777.00$50,741,577.00$62,201,269.00$56,940,810.00
Cash: non-interest bearing, beginning of year$48,573,777.00$50,741,577.00$62,201,269.00$56,940,810.00$35,485,771.00
Other financial variables
Revenue less expenses-$3,323,066.00$1,352,252.00$3,102,739.00$4,576,264.00$4,508,423.00
Advertising (total)$614,772.00$554,147.00$505,121.00$520,163.00$492,750.00
Savings & temp cash investment$68,924,619.00$79,836,220.00$88,313,670.00$79,300,000.00$88,650,000.00
Accounts payable & accrued expenses$9,941,584.00$8,692,233.00$7,618,705.00$6,211,496.00$7,007,598.00
Total net assets or fund balances$119,332,958.00$119,433,564.00$127,533,721.00$114,814,232.00$118,501,064.00
Depreciation, depletion, amortization$912,353.00$706,119.00$632,237.00$575,204.00$626,565.00
Governance and accountability
Number of voting members1111111010
Number of independent voting members1111111010
Financial sheets auditedTrueTrueTrueTrueTrue
Accrual accountingTrueTrueTrueTrueTrue
Tax year start date2016-01-012015-01-012014-01-012013-01-012012-01-01
Tax year end date2016-12-012015-12-012014-12-012013-12-012012-12-01
Has local chaptersTrueTrueTrueTrueTrue
Indicators for schedules (selected)
Outstanding loan to key person or disqualified personTrueTrueTrueTrueTrue
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
Date e-filing submitted2017-12-212016-10-112015-08-212014-10-272013-08-06
IRS schema version2016v3.02015v2.12014v5.02013v3.02012v2.0
Filing identifier201703059349302250201611559349300411201501829349300530201421979349300327201311349349303321
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