COOPERATIVA DE AHORRO Y CREDITO SAN RAFAEL

Address
PO BOX 1531
QUEBRADILLAS, PR 00678
Contact
Website: http://www.sanrafael.coop
Phone: +1 (787) 895-2050
Nonprofit
NTEE: W60 - Financial Institutions, Services (Non-Government Related)
EIN: 66-0224450

Mission

TO PROMOTE THE SAVING AMONG ITS MEMBERS BY SAVING DEPOSITS AND FINANCING SERVICES
 20162015201420132012
Basic features of the organization
Year of formation1957
Form of organization
Other form of orgTrue
Description of other form of orgCREDIT UNION
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$85,415.00$124,779.00   
Sum of reportable (W2/1099) compensation$85,415.00$124,779.00   
Number of employees5860   
Number of people compensated >$100k00   
Number of volunteers00   
Number of highly compensated contractors11   
Personnel
Gonzalez, Sara
TitlePRESIDENTE EJECUTIVA    
Name of key/compensated personSARA M JIMENEZ GONZALEZ    
Position of compensated person
Highest compensated employees (>$100k)True    
Average hours per week working for org55    
Reportable compensation from org$45,228.00    
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 orgs0    
Rodriguez, Annie
TitleDIRECTOR OF FINANCEDIRECTOR OF FINANCE   
Name of key/compensated personANNIE RODRIGUEZANNIE RODRIGUEZ   
Position of compensated person
Average hours per week working for org4545   
Reportable compensation from org$40,187.00$40,471.00   
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   
Santana, Luisette
Title PRESIDENTE EJECUTIVA   
Name of key/compensated person LUISETTE AYALA SANTANA   
Position of compensated person
Highest compensated employees (>$100k) True   
Average hours per week working for org 55   
Reportable compensation from org $84,308.00   
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 activitiesTO PROVIDE FINANCIAL SERVICES AS LOANS, SAVINGS AND ACCOUNTS MAINLY TO LOW INCOME SECTOR OF THE PUERTO RICO. ALSO, CREDIT UNION MAKE A SOCIAL INVESTMENT IN THE COMMUNITY.TO PROVIDE FINANCIAL SERVICES AS LOANS, SAVINGS AND ACCOUNTS MAINLY TO LOW INCOME SECTOR OF THE PUERTO RICO. ALSO, CREDIT UNION MAKE A SOCIAL INVESTMENT IN THE COMMUNITY.   
Program service expenses, total$0.00$0.00   
Programs, including revenue & expenses
INTEREST INCOME AND OTHER INCOME OF 10,280,129 AND TOTAL EXPENSES OF 8,340,857.
Program descriptionINTEREST INCOME AND OTHER INCOME OF 10,280,129 AND TOTAL EXPENSES OF 8,340,857.INTEREST INCOME AND OTHER INCOME OF 10,895,050 AND TOTAL EXPENSES OF 8,405,456   
Financial data
Revenue
Total revenue$10,280,129.00$10,895,050.00   
Revenue from contributions (total)$0.00$0.00$0.00$0.00$0.00
Investment income, current yr$9,368,962.00$9,940,180.00   
Total revenue from grants, etc., current yr$0.00$0.00   
Total unrelated business revenue$0.00$0.00   
Other revenue, current yr$911,167.00$954,870.00   
Net unrelated business taxable revenue$0.00$0.00   
Program service revenue (total)$0.00$0.00$0.00$0.00$9,937,811.00
Gross receipts$10,280,129.00$10,895,050.00   
Other types of revenue
Royalties (total)$0.00$0.00   
Miscellaneous revenue (total)$911,167.00$954,870.00   
Income from dividends, interest, and similar investments$9,368,962.00$9,940,180.00   
Net rental income $0.00$0.00$0.00$9,115.00
Expense categories (totals)
Total functional expenses: sum of all$8,340,857.00$8,405,456.00   
Total functional expenses: program service $0.00$0.00   
Total functional expenses: management and general$8,340,857.00$8,405,456.00   
Total functional expenses: fundraising$0.00$0.00   
Fees for services
Fundraising service fees (total)$0.00$0.00   
Assets and liabilities
Total assets$177,804,541.00$181,784,946.00$177,594,507.00$175,781,706.00$183,175,824.00
Total assets, beginning of year$181,784,946.00$177,594,507.00   
Total liabilities$123,598,731.00$128,449,009.00$134,452,019.00$135,106,937.00$136,622,908.00
Total liabilities, beginning of year$128,449,009.00$134,452,019.00   
Loans & receivables from key persons $91,233.00   
Net assets$54,205,810.00$53,335,937.00   
Net assets, beginning of year$53,335,937.00$43,142,488.00   
Other liabilities$122,170,610.00$127,264,201.00   
Other assets$13,882,851.00$9,934,899.00   
Investments: other securities$7,091,361.00$5,991,535.00   
Investments: publicly traded securities$27,816,084.00$37,531,216.00   
Cash: non-interest bearing$11,931,342.00$12,855,197.00   
Cash: non-interest bearing, beginning of year$12,855,197.00$9,342,855.00   
Other financial variables
Revenue less expenses$1,939,272.00$2,489,594.00   
Advertising (total)$298,530.00$303,890.00   
Savings & temp cash investment$19,875,000.00$19,100,000.00   
Accounts payable & accrued expenses$1,428,121.00$1,184,808.00   
Total net assets or fund balances$54,205,810.00$53,335,937.00   
Depreciation, depletion, amortization$364,567.00$371,634.00   
Governance and accountability
Number of voting members99   
Number of independent voting members99   
Financial sheets auditedTrueTrue   
Accrual accountingTrueTrue   
Tax year start date2016-01-012015-01-01   
Tax year end date2016-12-012015-12-012014-12-012013-12-012012-12-01
Has local chaptersTrueTrue   
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990   
Date e-filing submitted2017-09-122016-10-07   
IRS schema version2016v3.02015v2.1   
Filing identifier201701579349300345201641449349300729   
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