COOPERATIVA DE AHORRO Y CREDITO CAMUY

Address
300 AVENIDA BALTAZAR JIMENEZ MENDEZ
CAMUY, PR 00627-0000
Contact
Phone: +1 (787) 898-4930
Nonprofit
NTEE: W60 - Financial Institutions, Services (Non-Government Related)
EIN: 66-0219584

Mission

SAVINGS AND DEPOSITS
 20152014201320122011
Basic features of the organization
Year of formation1954
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel   $482,358.00 
Sum of reportable (W2/1099) compensation   $482,358.00 
Number of employees   75 
Number of people compensated >$100k   1 
Number of volunteers   0 
Personnel
Arocho, Ivelisse
Title   MANAGER 
Name of key/compensated person   IVELISSE JIMENEZ AROCHO 
Position of compensated person
Current key employee (> $150k)   True 
Average hours per week working for org   50 
Reportable compensation from org   $32,987.00 
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 
Baquero, Michele
Title   PRESIDENT 
Name of key/compensated person   MICHELE FRANQUI BAQUERO 
Position of compensated person
Average hours per week working for org   50 
Reportable compensation from org   $137,836.00 
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 
Figueroa, Emmanuel
Title   VICE PRESIDENT OF ADMINISTRATION 
Name of key/compensated person   EMMANUEL ROMAN FIGUEROA 
Position of compensated person
Current key employee (> $150k)   True 
Average hours per week working for org   50 
Reportable compensation from org   $74,552.00 
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 
Morales, Alba
Title   MANAGER 
Name of key/compensated person   ALBA VELEZ MORALES 
Position of compensated person
Current key employee (> $150k)   True 
Average hours per week working for org   50 
Reportable compensation from org   $54,199.00 
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 
Quinonez, Nancy
Title   VICEPRESIDENT OF OPERATIONS 
Name of key/compensated person   NANCY LOPEZ QUINONEZ 
Position of compensated person
Current key employee (> $150k)   True 
Average hours per week working for org   50 
Reportable compensation from org   $64,716.00 
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, Grisselle
Title   MANAGER 
Name of key/compensated person   GRISSELLE VELAZQUEZ RAMOS 
Position of compensated person
Current key employee (> $150k)   True 
Average hours per week working for org   50 
Reportable compensation from org   $48,603.00 
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 
Tosado, Alvin
Title   VICE PRESIDENT OF FINANCE 
Name of key/compensated person   ALVIN A ATILES TOSADO 
Position of compensated person
Current key employee (> $150k)   True 
Average hours per week working for org   50 
Reportable compensation from org   $69,465.00 
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   THE CREDIT UNION IS DEDICATED TO RECEIVE, PRINCIPALLY, FROM THEIR MEMBERS, SAVINGS AS SHARES AND DEPOSITS AND FROM NONMEMBERS SAVINGS AS DEPOSITS. 
Program service expenses, total   $0.00 
Programs, including revenue & expenses
INTEREST INCOME AND OTHER INCOME 11,320,263. TOTAL EXPENSES 7,326,890.
Program description   INTEREST INCOME AND OTHER INCOME 11,320,263. TOTAL EXPENSES 7,326,890. 
Financial data
Revenue
Total revenue   $11,320,263.00 
Revenue from contributions (total)$0.00$0.00$0.00$0.00$0.00
Investment income, current yr   $10,187,675.00 
Total revenue from grants, etc., current yr   $0.00 
Total unrelated business revenue   $0.00 
Other revenue, current yr   $1,132,588.00 
Net unrelated business taxable revenue   $0.00 
Program service revenue (total)$0.00$0.00$0.00$0.00$0.00
Gross receipts   $11,320,263.00 
Other types of revenue
Royalties (total)   $0.00 
Miscellaneous revenue (total)   $1,132,588.00 
Income from dividends, interest, and similar investments   $10,187,675.00 
Net rental income$0.00$0.00$0.00$0.00$0.00
Expense categories (totals)
Total functional expenses: sum of all   $7,326,890.00 
Total functional expenses: program service    $0.00 
Total functional expenses: management and general   $7,326,890.00 
Total functional expenses: fundraising   $0.00 
Fees for services
Fundraising service fees (total)   $0.00 
Assets and liabilities
Total assets$188,994,386.00$188,147,088.00$184,971,033.00$174,586,621.00$168,354,773.00
Total assets, beginning of year   $168,354,773.00 
Total liabilities$84,078,798.00$82,708,174.00$86,276,940.00$90,057,143.00$89,432,566.00
Total liabilities, beginning of year   $89,432,566.00 
Loans & receivables from key persons   $1,069,903.00 
Net assets   $84,529,478.00 
Net assets, beginning of year   $78,922,207.00 
Other liabilities   $88,108,981.00 
Other assets   $3,842,404.00 
Investments: other securities   $3,623,959.00 
Investments: publicly traded securities   $14,237,337.00 
Cash: non-interest bearing   $15,689,399.00 
Cash: non-interest bearing, beginning of year   $15,739,300.00 
Other financial variables
Revenue less expenses   $3,993,373.00 
Advertising (total)   $326,793.00 
Savings & temp cash investment   $32,304,011.00 
Accounts receivable, net   $97,863,117.00 
Accounts payable & accrued expenses   $1,948,162.00 
Total net assets or fund balances   $84,529,478.00 
Depreciation, depletion, amortization   $510,871.00 
Governance and accountability
Number of voting members   9 
Number of independent voting members   9 
Financial sheets audited   True 
Accrual accounting   True 
Tax year start date   2012-01-01 
Tax year end date2015-12-012014-12-012013-12-012012-12-012011-12-01
Has local chapters   True 
Indicators for schedules (selected)
Outstanding loan to key person or disqualified person   True 
Metadata about the filing
E-return type: 990, 990EZ, or 990PF   990 
Date e-filing submitted   2013-08-06 
IRS schema version   2012v2.0 
Filing identifier   201311349349304646 
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