COOPERATIVA DE AHORRO Y CREDITO DE BARRANQUITAS

Address
PO BOX 686
BARRANQUITAS, PR 00794
RQ
Contact
Website: http://credicentrocoop.com
Phone: +1 (787) 857-0250
Nonprofit
NTEE: S99 - Community Improvement, Capacity Building N.E.C.
EIN: 66-0266453

Mission

THE ORGANIZATION SAVINGS AND DEPOSITS
 20162015201420132012
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$555,826.00$330,763.00  $306,197.00
Sum of reportable (W2/1099) compensation$555,826.00$330,763.00$171,007.00$171,007.00$306,197.00
Number of employees7162697774
Number of people compensated >$100k11110
Number of volunteers00000
Number of highly compensated contractors5334 
Personnel
Falcon, Norberto
Title    VICE PRESIDENT LEGAL
Name of key/compensated person    NORBERTO FALCON
Position of compensated person
Current key employee (> $150k)    True
Average hours per week working for org    50
Reportable compensation from org    $100,358.00
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, Moises
TitleVP SISTEMASVP SISTEMAS   
Name of key/compensated personMOISES MORALES FIGUEROAMOISES MORALES FIGUEROA   
Position of compensated person
Current key employee (> $150k)TrueTrue   
Average hours per week working for org4050   
Reportable compensation from org$56,556.00$56,556.00   
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   
Luna, Evelyn
TitleEXECUTIVE SECRETARY BOARD    
Name of key/compensated personEVELYN LUNA LUNA    
Position of compensated person
Current key employee (> $150k)True    
Average hours per week working for org40    
Reportable compensation from org$35,396.00    
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    
Maldonado, Jose
TitleMANAGER    
Name of key/compensated personJOSE H PEREZ MALDONADO    
Position of compensated person
Current key employee (> $150k)True    
Average hours per week working for org40    
Reportable compensation from org$36,000.00    
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    
Matos, William
TitlePRESIDENT PRESIDENTPRESIDENTPRESIDENT
Name of key/compensated personWILLIAM MATOS WILLIAM MATOSWILLIAM MATOSWILLIAM MATOS
Position of compensated person
Average hours per week working for org40 505050
Reportable compensation from org$110,004.00 $110,004.00$110,004.00$129,263.00
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 orgs0 000
Matos, Willian
Title PRESIDENT   
Name of key/compensated person WILLIAN MATOS   
Position of compensated person
Average hours per week working for org 50   
Reportable compensation from org $110,004.00   
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   
Ocasio, Damaris
TitleMANAGER    
Name of key/compensated personDAMARIS RAMIREZ OCASIO    
Position of compensated person
Current key employee (> $150k)True    
Average hours per week working for org40    
Reportable compensation from org$38,100.00    
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, Ivelisse
TitleADMINISTRATIVE ASSISTANT    
Name of key/compensated personIVELISSE SANTIAGO RODRIGUEZ    
Position of compensated person
Current key employee (> $150k)True    
Average hours per week working for org40    
Reportable compensation from org$27,264.00    
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, Wandaliz
TitleMANAGER OF COMPLIANCE    
Name of key/compensated personWANDALIZ RODRIGUEZ RODRIGUEZ    
Position of compensated person
Current key employee (> $150k)True    
Average hours per week working for org40    
Reportable compensation from org$36,000.00    
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    
Santos, Miguel
TitleVP OPERATIONSVP OPERATIONS   
Name of key/compensated personMIGUEL A ORTIZ SANTOSMIGUEL A ORTIZ SANTOS   
Position of compensated person
Current key employee (> $150k)TrueTrue   
Average hours per week working for org4050   
Reportable compensation from org$64,003.00$49,800.00   
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   
Soto, Luis
TitleVICE PRESIDENT OF FINANCEVICE PRESIDENT OF FINANCEVICE PRESIDENT OF FINANCEVICE PRESIDENT OF FINANCEVICE PRESIDENT OF FINANCE
Name of key/compensated personLUIS A SOTOLUIS A SOTOLUIS A SOTOLUIS A SOTOLUIS A SOTO
Position of compensated person
Current key employee (> $150k)TrueTrueTrueTrueTrue
Average hours per week working for org4050505050
Reportable compensation from org$63,403.00$63,403.00$61,003.00$61,003.00$76,576.00
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
Vazquez, Angel
TitleMANAGER    
Name of key/compensated personANGEL ORTIZ VAZQUEZ    
Position of compensated person
Current key employee (> $150k)True    
Average hours per week working for org40    
Reportable compensation from org$38,100.00    
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    
Zayas, Carmen
TitleVP HUMAN RESOURCESVP HUMAN RESOURCES   
Name of key/compensated personCARMEN TORRES ZAYASCARMEN TORRES ZAYAS   
Position of compensated person
Current key employee (> $150k)TrueTrue   
Average hours per week working for org4050   
Reportable compensation from org$51,000.00$51,000.00   
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   
Purpose: mission, activities, & accomplishments
Mission or significant activitiesA NON PROFIT ORGANIZATION PRIMARILY DEDICATED TO RECEIVE SAVINGS FORM ITS MEMBERS IN THE FORM OF SHARES AND DEPOSITSA NON PROFIT ORGANIZATION PRIMARILY DEDICATED TO RECEIVE SAVINGS FORM ITS MEMBERS IN THE FORM OF SHARES AND DEPOSITSA NON PROFIT ORGANIZATION PRIMARILY DEDICATED TO RECEIVE SAVINGS FROM ITS MEMBERS IN THE FORM OF SHARES AND DEPOSITSA NON PROFIT ORGANIZATION PRIMARILY DEDICATED TO RECEIVE SAVINGS FROM ITS MEMBERS IN THE FORM OF SHARES AND DEPOSITSA NON PROFIT ORGANIZATION 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
INTEREST INCOME AND OTHER INCOME OF 12,417,878 AND TOTAL EXPENSES OF 10,856,383.
Program descriptionINTEREST INCOME AND OTHER INCOME OF 12,417,878 AND TOTAL EXPENSES OF 10,856,383.INTEREST INCOME AND OTHER INCOME OF 12,674,917 AND TOTAL EXPENSES OF 10,367,049INTEREST INCOME AND OTHER INCOME OF 13,037,505 AND TOTAL EXPENSES OF 10,722,170.INTEREST INCOME AND OTHER INCOME OF 13,044,816 AND TOTAL EXPENSES OF 11,344,619.INTEREST INCOME AND OTHER INCOME OF 13,044,816 AND TOTAL EXPENSES OF 11,344,619.
Financial data
Revenue
Total revenue$12,417,878.00$12,674,917.00$13,037,505.00$12,133,510.00$13,044,816.00
Revenue from contributions (total)$0.00$0.00$0.00$0.00$0.00
Investment income, current yr$10,949,673.00$11,430,612.00$11,472,830.00$11,197,522.00$11,307,319.00
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$1,468,205.00$1,244,305.00$1,564,675.00$935,988.00$1,737,497.00
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$12,417,878.00$12,674,917.00$13,037,505.00$12,133,510.00$13,044,816.00
Other types of revenue
Royalties (total)$0.00$0.00$0.00$0.00$0.00
Miscellaneous revenue (total)$1,468,205.00$1,244,305.00$1,564,675.00$935,988.00$1,737,497.00
Income from dividends, interest, and similar investments$10,949,673.00$11,430,612.00$11,472,830.00$11,197,522.00$11,307,319.00
Net rental income $0.00$0.00$0.00$0.00
Expense categories (totals)
Total functional expenses: sum of all$10,856,383.00$10,367,049.00$10,722,170.00$10,433,326.00$11,344,619.00
Total functional expenses: program service $0.00$0.00$0.00$0.00$0.00
Total functional expenses: management and general$10,856,383.00$10,367,049.00$10,722,170.00$10,433,326.00$11,344,619.00
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$201,441,289.00$198,528,193.00$193,631,737.00$187,739,107.00$189,040,934.00
Total assets, beginning of year$198,528,193.00$193,631,737.00$187,739,107.00$189,040,934.00$182,854,774.00
Total liabilities$144,535,351.00$144,931,295.00$144,644,363.00$143,438,176.00$143,129,010.00
Total liabilities, beginning of year$144,931,295.00$144,644,363.00$143,438,176.00$143,129,010.00$137,006,524.00
Loans & receivables from key persons$498,307.00$397,059.00$44,246.00$46,774.00 
Net assets$56,905,938.00$53,596,898.00$48,987,374.00$44,300,931.00$45,911,924.00
Net assets, beginning of year$53,596,898.00$48,987,374.00$44,300,931.00$45,911,924.00$45,848,250.00
Other liabilities$137,615,542.00$139,432,886.00$140,667,217.00$139,044,608.00$139,670,268.00
Other assets$6,493,081.00$3,210,234.00$3,405,245.00$3,016,656.00$2,334,493.00
Investments: other securities$13,662,771.00$13,250,047.00$10,896,736.00$10,449,853.00$10,620,928.00
Investments: publicly traded securities$15,659,032.00$29,789,826.00$34,670,031.00$28,765,474.00$28,509,753.00
Cash: non-interest bearing$13,694,332.00$10,015,767.00$9,172,362.00$12,012,871.00$15,831,757.00
Cash: non-interest bearing, beginning of year$10,015,767.00$9,172,362.00$12,012,871.00$15,831,757.00$12,410,572.00
Other financial variables
Revenue less expenses$1,561,495.00$2,307,868.00$2,315,335.00$1,700,184.00$1,700,197.00
Advertising (total)$312,442.00$267,813.00$229,521.00$238,413.00$239,691.00
Savings & temp cash investment$12,048,583.00$12,020,217.00$13,465,836.00$14,457,368.00$14,574,135.00
Accounts receivable, net  $118,149,757.00$114,756,237.00$112,723,858.00
Accounts payable & accrued expenses$6,919,809.00$5,498,409.00$3,977,146.00$4,393,568.00$3,458,742.00
Total net assets or fund balances$56,905,938.00$53,596,898.00$48,987,374.00$44,300,931.00$45,911,924.00
Depreciation, depletion, amortization$580,884.00$452,036.00$565,601.00$611,569.00$616,640.00
Governance and accountability
Number of voting members1313131313
Number of independent voting members1313131313
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 submitted2018-02-022016-10-072015-07-282014-12-292013-08-07
IRS schema version2016v3.02015v2.12014v5.02013v3.02012v2.0
Filing identifier201731659349300748201631449349300228201541959349300709201441559349300439201321349349302362
Use these data in your project Benchmark this organization against its peers