COOPERATIVA DE AHORRO Y CREDITO DE AGUADA

Address
PO BOX 543
AGUADA, PR 00602-0543
RQ
Contact
Website: http://www.coopaguada.com
Phone: +1 (787) 868-2115
Nonprofit
NTEE: F20 - Alcohol, Drug and Substance Abuse, Dependency Prevention and
EIN: 66-0217490

Mission

TO PROMOTE THE SAVING AMONG ITS MEMBERS BY SAVINGS DEPOSITS AND FINANCING SERVICES
 20172016201520142013
Basic features of the organization
Year of formation1948
Subsection code14
Form of organization
Other form of orgTrue
Description of other form of orgCOOP
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel $460,675.00$451,896.00$200,588.00$201,817.00
Sum of reportable (W2/1099) compensation $460,675.00$451,896.00$200,588.00$201,817.00
Number of employees 82787082
Number of people compensated >$100k 1111
Number of volunteers 000 
Number of highly compensated contractors 4554
Personnel
Acevedo, Miguel
Title   PRESIDENTTreasurer
Name of key/compensated person   MIGUEL A RUIZ ACEVEDOMIGUEL A RUIZ ACEVEDO
Position of compensated person
Current individual trustee or director   TrueTrue
Average hours per week working for org   00.00
Reportable compensation from org   $0.00$0.00
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   00.00
Avila, Edgardo
Title   SUB TREASURER 
Name of key/compensated person   EDGARDO HERNANDEZ AVILA 
Position of compensated person
Current individual trustee or director   True 
Average hours per week working for org   0 
Reportable compensation from org   $0.00 
Other comp, non-reportable, from org and related orgs   $0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00 
Average hours per week working for related orgs   0 
Aviles, Rosa
Title MANAGERMANAGER  
Name of key/compensated person ROSA I BONILLA AVILESROSA I BONILLA AVILES  
Position of compensated person
Average hours per week working for org 4040  
Reportable compensation from org $67,583.00$64,893.00  
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  
Gonzalez, Angel
Title EX VICE PRESIDENTEX VICE PRESIDENTEX VICE PRESIDENTEX. VICE-PRES
Name of key/compensated person ANGEL L AVILES GONZALEZANGEL L AVILES GONZALEZANGEL L AVILES GONZALEZANGEL L AVILES GONZALEZ
Position of compensated person
Average hours per week working for org 40404040.00
Reportable compensation from org $80,461.00$81,434.00$82,565.00$85,252.00
Other comp, non-reportable, from org and related orgs $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
Average hours per week working for related orgs 0000.00
Lopez, Erick
Title  TREASURER  
Name of key/compensated person  ERICK W LOPEZ  
Position of compensated person
Current individual trustee or director  True  
Average hours per week working for org  0  
Reportable compensation from org  $0.00  
Other comp, non-reportable, from org and related orgs  $0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00  
Average hours per week working for related orgs  0  
Medina, Dario
Title  VICE PRESIDENT  
Name of key/compensated person  DARIO MEDINA  
Position of compensated person
Current individual trustee or director  True  
Average hours per week working for org  0  
Reportable compensation from org  $0.00  
Other comp, non-reportable, from org and related orgs  $0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00  
Average hours per week working for related orgs  0  
Mendez, Dario
Title   VICE-PRESIDENTSUB TREASURER
Name of key/compensated person   DARIO MEDINA MENDEZDARIO MEDINA MENDEZ
Position of compensated person
Current individual trustee or director   TrueTrue
Average hours per week working for org   00.00
Reportable compensation from org   $0.00$0.00
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   00.00
Mendoza, Wanda
Title EXECUTIVE OFFICEREXECUTIVE OFFICER  
Name of key/compensated person WANDA I TRAVERSO MENDOZAWANDA I TRAVERSO MENDOZA  
Position of compensated person
Average hours per week working for org 4040  
Reportable compensation from org $45,714.00$43,695.00  
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  
Olivo, Josefa
Title    Secretary
Name of key/compensated person    JOSEFA LOPEZ OLIVO
Position of compensated person
Current individual trustee or director    True
Average hours per week working for org    0.00
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Average hours per week working for related orgs    0.00
Ortiz, Erick
Title   TREASURER 
Name of key/compensated person   ERICK W LOPEZ ORTIZ 
Position of compensated person
Current individual trustee or director   True 
Average hours per week working for org   0 
Reportable compensation from org   $0.00 
Other comp, non-reportable, from org and related orgs   $0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00 
Average hours per week working for related orgs   0 
Peres, Elizabteh
Title  ACCOUNTING MANAGER  
Name of key/compensated person  ELIZABTEH RIVERA PERES  
Position of compensated person
Average hours per week working for org  40  
Reportable compensation from org  $47,939.00  
Other comp, non-reportable, from org and related orgs  $0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00  
Average hours per week working for related orgs  0  
Perez, Elizabeth
Title ACCOUNTING MANAGER   
Name of key/compensated person ELIZABETH RIVERA PEREZ   
Position of compensated person
Average hours per week working for org 40   
Reportable compensation from org $49,941.00   
Other comp, non-reportable, from org and related orgs $0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00   
Average hours per week working for related orgs 0   
Ramirez, Orlando
Title  PRESIDENT  
Name of key/compensated person  ORLANDO RAMIREZ  
Position of compensated person
Current individual trustee or director  True  
Average hours per week working for org  0  
Reportable compensation from org  $0.00  
Other comp, non-reportable, from org and related orgs  $0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00  
Average hours per week working for related orgs  0  
Ramos, Gabriel
Title ADMIN OFFICER COMERCIAL LOANSADMIN OFFICER COMERCIAL LOANS  
Name of key/compensated person GABRIEL E CHAPARRO RAMOSGABRIEL E CHAPARRO RAMOS  
Position of compensated person
Average hours per week working for org 4040  
Reportable compensation from org $45,098.00$43,321.00  
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  
Rodriguez, Juan
Title   SECRETARYSUB SECRETARY
Name of key/compensated person   JUAN J RODRIGUEZJUAN J RODRIGUEZ
Position of compensated person
Current individual trustee or director   TrueTrue
Average hours per week working for org   00.00
Reportable compensation from org   $0.00$0.00
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   00.00
Roman, Efren
Title MANAGERMANAGER  
Name of key/compensated person EFREN A RAMOS ROMANEFREN A RAMOS ROMAN  
Position of compensated person
Average hours per week working for org 4040  
Reportable compensation from org $58,982.00$59,792.00  
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  
Ruiz, Evaristo
Title    PRESIDENT
Name of key/compensated person    EVARISTO QUINONEZ RUIZ
Position of compensated person
Current individual trustee or director    True
Average hours per week working for org    0.00
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Average hours per week working for related orgs    0.00
Ruiz, Juan
Title EX PRESIDENTEX PRESIDENTEX PRESIDENTEX. PRESIDENT
Name of key/compensated person JUAN FIGUEROA RUIZJUAN FIGUEROA RUIZJUAN FIGUEROA RUIZJUAN FIGUEROA RUIZ
Position of compensated person
Average hours per week working for org 40404040.00
Reportable compensation from org $112,896.00$110,822.00$118,023.00$116,565.00
Other comp, non-reportable, from org and related orgs $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
Average hours per week working for related orgs 0000.00
Torres, Orlando
Title    Vice President
Name of key/compensated person    ORLANDO RAMIREZ TORRES
Position of compensated person
Current individual trustee or director    True
Average hours per week working for org    0.00
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Average hours per week working for related orgs    0.00
Traverso, Doris
Title  SECRETARY  
Name of key/compensated person  DORIS M TRAVERSO  
Position of compensated person
Current individual trustee or director  True  
Average hours per week working for org  0  
Reportable compensation from org  $0.00  
Other comp, non-reportable, from org and related orgs  $0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00  
Average hours per week working for related orgs  0  
Purpose: mission, activities, & accomplishments
Mission or significant activities TO PROMOTE THE SAVING AMONG ITS MEMBERS BY SAVINGS DEPOSITS AND FINANCING SERVICES.TO PROMOTE THE SAVING AMONG ITS MEMBERS BY SAVINGS DEPOSITS AND FINANCING SERVICES.TO PROMOTE THE SAVING AMONG ITS MEMBERS BY SAVINGS DEPOSITS AND FINANCING SERVICES.TO PROMOTE THE SAVING AMONG ITS MEMBERS BY SAVINGS DEPOSITS AND FINANCING SERVICES.
Program service expenses, total $3,837,718.00$4,644,945.00$9,347,639.00$10,887,070.00
Programs, including revenue & expenses
THE PRIMARY PURPOSE OF THE COOPERATIVE IS TO RECEIVE DEPOSITS FROM ITS PARTNERS IN THE FORM OF SAVINGS AND STOCK, AND PROVIDE A SOURCE OF FINANCING AT LOWER COST THAN OFFERED BY OTHER FINANCIAL INSTITUTIONS. THE COOPERATIVE OFFERS A VARIETY OF FINANCIAL SERVICES, INCLUDING BUT NOT LIMITED TO SAVINGS AND CHECKING ACCOUNTS, PERSONAL LOANS, MORTGAGE LOANS, COMMERCIAL LOANS, RESOLVING CREDIT LINES AND OTHERS FINANCING SERVICES.
Program expenses $3,837,718.00$4,644,945.00$9,347,639.00$10,887,070.00
Program revenue $11,877,107.00$16,299,003.00$19,929,283.00$20,806,477.00
Grants and allocations made   $0.00 
Program description THE PRIMARY PURPOSE OF THE COOPERATIVE IS TO RECEIVE DEPOSITS FROM ITS PARTNERS IN THE FORM OF SAVINGS AND STOCK, AND PROVIDE A SOURCE OF FINANCING AT LOWER COST THAN OFFERED BY OTHER FINANCIAL INSTITUTIONS. THE COOPERATIVE OFFERS A VARIETY OF FINANCIAL SERVICES, INCLUDING BUT NOT LIMITED TO SAVINGS AND CHECKING ACCOUNTS, PERSONAL LOANS, MORTGAGE LOANS, COMMERCIAL LOANS, RESOLVING CREDIT LINES AND OTHERS FINANCING SERVICES.THE PRIMARY PURPOSE OF THE COOPERATIVE IS TO RECEIVE DEPOSITS FROM ITS PARTNERS IN THE FORM OF SAVINGS AND STOCK, AND PROVIDE A SOURCE OF FINANCING AT LOWER COST THAN OFFERED BY OTHER FINANCIAL INSTITUTIONS. THE COOPERATIVE OFFERS A VARIETY OF FINANCIAL SERVICES, INCLUDING BUT NOT LIMITED TO SAVINGS AND CHECKING ACCOUNTS, PERSONAL LOANS, MORTGAGE LOANS, COMMERCIAL LOANS, RESOLVING CREDIT LINES AND OTHERS FINANCING SERVICES.THE PRIMARY PURPOSE OF THE COOPERATIVE IS TO RECEIVE DEPOSITS FROM ITS PARTNERS IN THE FORM OF SAVINGS AND STOCK, AND PROVIDE A SOURCE OF FINANCING AT LOWER COST THAN OFFERED BY OTHER FINANCIAL INSTITUTIONS. THE COOPERATIVE OFFERS A VARIETY OF FINANCIAL SERVICES, INCLUDING BUT NOT LIMITED TO SAVINGS AND CHECKING ACCOUNTS, PERSONAL LOANS, MORTGAGE LOANS, COMMERCIAL LOANS, RESOLVING CREDIT LINES AND OTHERS FINANCING SERVICES.THE PRIMARY PURPOSE OF THE COOPERATIVE IS TO RECEIVE DEPOSITS FROM ITS PARTNERS IN THE FORM OF SAVINGS AND STOCKS, AND PROVIDE A SOURCE OF FINANCING AT A LOWER COST THAN THAT OFFERED BY OTHER FINANCIAL INSTITUTIONS. THE COOPERATIVE OFFERS A VARIETY OF FINANCIAL SERVICES, INCLUDING BUT NOT LIMITED TO SAVINGS AND CHECKING ACCOUNTS, PERSONAL LOANS, MORTGAGE LOANS, COMMERCIAL LOANS, REVOLVING CREDIT LINES, ETC.
Financial data
Revenue
Total revenue$10,144,709.00$13,015,218.00$17,794,261.00$21,093,823.00$20,459,562.00
Revenue from contributions (total) $0.00$0.00$0.00$0.00
Investment income, current yr $165,741.00$252,217.00$117,988.00-$1,371,981.00
Total revenue from grants, etc., current yr $0.00$0.00$0.00$0.00
Other revenue, current yr $972,370.00$1,243,041.00$1,046,552.00$1,025,066.00
Net unrelated business taxable revenue $0.00$0.00$0.00 
Program service revenue (total) $11,877,107.00$16,299,003.00$19,929,283.00$20,806,477.00
Other types of revenue
Royalties (total) $0.00$0.00$0.00$0.00
Miscellaneous revenue (total) $473,037.00$708,968.00$554,944.00$507,256.00
Net revenue from gaming (total)    $0.00
Investment income $115,037.00$263,411.00$406,827.00$185,734.00
Net rental income $499,333.00$534,073.00$491,608.00$517,810.00
Net income from fundraising events    $0.00
Net inventory sales (total)    $0.00
Expense categories (totals)
Total functional expenses: sum of all $15,828,415.00$15,068,904.00$24,000,218.00$22,152,805.00
Total functional expenses: program service  $3,837,718.00$4,644,945.00$9,347,639.00$10,887,070.00
Total functional expenses: management and general $11,990,697.00$10,423,959.00$14,652,579.00$11,265,735.00
Total functional expenses: fundraising $0.00$0.00$0.00$0.00
Fees for services
Lobbying fees (total)   $0.00$0.00
Legal fees (total)   $0.00$0.00
Fundraising service fees (total) $0.00$0.00$0.00$0.00
General management fees (total)   $0.00$0.00
Investment management fees (total)   $0.00$0.00
Assets and liabilities
Total assets$217,962,985.00$315,263,231.00$362,361,019.00$374,977,043.00$414,158,316.00
Total assets, beginning of year $362,361,019.00$374,977,043.00$414,158,316.00$465,424,838.00
Total liabilities $313,584,455.00$357,359,928.00$400,055,062.00$438,904,861.00
Total liabilities, beginning of year $357,359,928.00$400,055,062.00$438,904,861.00$459,457,937.00
Pledges & accounts receivable, net  $0.00$0.00$0.00
Loans & receivables from key persons $436,322.00$542,466.00$0.00$0.00
Net assets $1,678,776.00$5,001,091.00-$25,078,019.00-$24,746,545.00
Net assets, beginning of year $5,001,091.00-$25,078,019.00-$24,746,545.00$5,966,901.00
Other liabilities $312,343,230.00$356,585,176.00$399,044,082.00$437,778,008.00
Intangible assets   $0.00$0.00
Other assets $61,157,258.00$51,826,114.00$32,103,234.00$34,685,589.00
Investments: other securities $11,070,488.00$10,960,788.00$10,702,288.00$10,175,889.00
Investments: publicly traded securities    $0.00
Cash: non-interest bearing $11,379,490.00$22,917,280.00$26,145,649.00$31,965,739.00
Cash: non-interest bearing, beginning of year $22,917,280.00$26,145,649.00$31,965,739.00$34,764,252.00
Investments -- program-related $60,840,756.00$79,946,022.00$87,927,348.00$92,861,705.00
Inventories for sale or use $0.00$0.00$0.00$0.00
Other financial variables
Revenue less expenses -$2,813,197.00$2,725,357.00-$2,906,395.00-$1,693,243.00
Advertising (total) $246,848.00$271,476.00$229,713.00$208,144.00
Savings & temp cash investment $1,600,000.00$575,735.00$1,046,864.00$1,084,696.00
Accounts receivable, net $160,487,089.00$187,017,613.00$206,274,010.00$231,611,056.00
Prepaid expenses & deferred charges $0.00$0.00$1,690,563.00$1,682,032.00
Accounts payable & accrued expenses $1,241,225.00$774,752.00$1,010,980.00$1,126,853.00
Total net assets or fund balances $1,678,776.00$5,001,091.00-$25,078,019.00-$24,746,545.00
Depreciation, depletion, amortization $541,522.00$576,691.00$1,159,047.00$911,631.00
Payment to affiliates   $0.00$0.00
Governance and accountability
Number of voting members 9999
Number of independent voting members 9900
Financial sheets were audited TrueTrueTrueTrue
Audit on consolidated basis TrueTrueTrueTrue
Accrual accounting TrueTrueTrueTrue
Tax year start date 2016-01-012015-01-012014-01-012013-01-01
Tax year end date2017-12-012016-12-012015-12-012014-12-012013-12-01
Indicators for schedules (selected)
Outstanding loan to key person or disqualified person TrueTrueTrueTrue
Org has controlled entity TrueTrueTrueTrue
Metadata about the filing
E-return type: 990, 990EZ, or 990PF 990990990990
IRS schema version 2016v3.02015v2.12014v5.02013v3.1
Filing identifier 201701659349301000201601559349300710201532169349300008201433219349306293
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