COOPERATIVA DE AHORRO Y CREDITO DE CABO ROJO

Address
PO BOX 99
CABO ROJO, PR 00623
RQ
Contact
Phone: +1 (787) 851-1337
Nonprofit
NTEE: W61 - Credit Unions
EIN: 66-0270259

Mission

THE ORGANIZATION DOES SAVINGS AND LOANS
 20152014201320122011
Basic features of the organization
Year of formation1956
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$504,962.00$372,152.00$351,180.00$336,454.00 
Sum of reportable (W2/1099) compensation$504,962.00$372,152.00$351,180.00$336,454.00 
Number of employees59655760 
Number of people compensated >$100k0000 
Number of volunteers0000 
Number of highly compensated contractors000  
Personnel
Camacho, Carlos
TitleEXECUTIVE OFFICIAL OF CREDIT AND COLLECTIONS    
Name of key/compensated personCARLOS CAMACHO    
Position of compensated person
Current key employee (> $150k)True    
Average hours per week working for org60.00    
Reportable compensation from org$54,699.00    
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    
Ferrer, Jorge
TitleVP FINANCEVP FINANCEVP FINANCEVP FINANCE 
Name of key/compensated personJORGE I FERRERJORGE I FERRERJORGE I FERRERJORGE I FERRER 
Position of compensated person
Current key employee (> $150k)TrueTrueTrueTrue 
Average hours per week working for org60.00404040 
Reportable compensation from org$56,625.00$53,033.00$49,192.00$42,714.00 
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 orgs0000 
Ferrer, Nancy
TitleMANAGERMANAGERMANAGERMANAGER 
Name of key/compensated personNANCY FERRERNANCY FERRERNANCY FERRERNANCY FERRER 
Position of compensated person
Current key employee (> $150k)TrueTrueTrueTrue 
Average hours per week working for org60.00404040 
Reportable compensation from org$53,750.00$49,343.00$48,802.00$45,118.00 
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 orgs0000 
Figueroa, Mayra
TitleMANAGER    
Name of key/compensated personMAYRA FIGUEROA    
Position of compensated person
Current key employee (> $150k)True    
Average hours per week working for org60    
Reportable compensation from org$51,678.00    
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    
Morales, Kerwin
TitlePRESIDENTPRESIDENTPRESIDENTPRESIDENT 
Name of key/compensated personKERWIN A MORALESKERWIN A MORALESKERWIN A MORALESKERWIN A MORALES 
Position of compensated person
Average hours per week working for org60.00404040 
Reportable compensation from org$102,958.00$99,064.00$90,278.00$89,199.00 
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 orgs0000 
Morales, Marta
TitleVP CREDITVP CREDITVP CREDITVP CREDIT 
Name of key/compensated personMARTA M MORALESMARTA M MORALESMARTA M MORALESMARTA M MORALES 
Position of compensated person
Current key employee (> $150k)TrueTrueTrueTrue 
Average hours per week working for org60.00404040 
Reportable compensation from org$54,998.00$50,054.00$49,553.00$40,479.00 
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 orgs0000 
Segarra, Carlos
TitleVP OPERATIONSVP OPERATIONSVP OPERATIONSVP OPERATIONS 
Name of key/compensated personCARLOS L SEGARRACARLOS L SEGARRACARLOS L SEGARRACARLOS L SEGARRA 
Position of compensated person
Current key employee (> $150k)TrueTrueTrueTrue 
Average hours per week working for org60.00404040 
Reportable compensation from org$83,375.00$76,517.00$72,917.00$78,327.00 
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 orgs0000 
Torres, Avelisse
TitleMANAGERMANAGERMANAGERMANAGER 
Name of key/compensated personAVELISSE A TORRESAVELISSE A TORRESAVELISSE A TORRESAVELISSE A TORRES 
Position of compensated person
Current key employee (> $150k)TrueTrueTrueTrue 
Average hours per week working for org60.00404040 
Reportable compensation from org$46,879.00$44,141.00$40,438.00$40,617.00 
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 orgs0000 
Purpose: mission, activities, & accomplishments
Mission or significant activitiesA NON PROFIT ORGANIZATION ENGAGED PRIMARILY TO RECEIVE SAVINGS FROM ITS MEMBERS IN THE FORM OF SHARES AND DEPOSITS.A NON PROFIT ORGANIZATION ENGAGED PRIMARILY TO RECEIVE SAVINGS FROM ITS MEMBERS IN THE FORM OF SHARES AND DEPOSITS.A NON PROFIT ORGANIZATION ENGAGED PRIMARILY TO RECEIVE SAVINGS FROM ITS MEMBERS IN THE FORM OF SHARES AND DEPOSITS.A NON PROFIT ORGANIZATION ENGAGED PRIMARILY 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 
Programs, including revenue & expenses
THE ORGANIZATION GENERATED INTEREST INCOME FROM ITS OPERATIONS OF 8,077,103 AND IT ALSO EARNED OTHER RELATED INCOME OF 983,194 FOR REVENUES TOTALING 9,060,297. TOTAL EXPENSES AMOUNTED TO 7,877,173 RESULTING IN REVENUES IN EXCESS OF EXPENSES OF 1,183,124.
Program descriptionTHE ORGANIZATION GENERATED INTEREST INCOME FROM ITS OPERATIONS OF 8,077,103 AND IT ALSO EARNED OTHER RELATED INCOME OF 983,194 FOR REVENUES TOTALING 9,060,297. TOTAL EXPENSES AMOUNTED TO 7,877,173 RESULTING IN REVENUES IN EXCESS OF EXPENSES OF 1,183,124.THE ORGANIZATION GENERATED INTEREST INCOME FROM ITS OPERATIONS OF 8,355,549 AND IT ALSO EARNED OTHER RELATED INCOME OF 641,656 FOR REVENUES TOTALING 8,997,205. TOTAL EXPENSES AMOUNTED TO 7,486,297 RESULTING IN REVENUES IN EXCESS OF EXPENSES OF 1,510,908.THE ORGANIZATION GENERATED INTEREST INCOME FROM ITS OPERATIONS OF 7,741,594 AND IT ALSO EARNED OTHER RELATED INCOME OF 945,156 FOR REVENUES TOTALLING 8,686,750. TOTAL EXPENSES AMOUNTED TO 6,956,184 RESULTING IN REVENUES IN EXCESS OF EXPENSES OF 1,730,566.THE ORGANIZATION GENERATED INTEREST INCOME FROM ITS OPERATIONS OF 7,313,012 AND IT ALSO EARNED OTHER RELATED INCOME OF 816,756 FOR REVENUES TOTALLING 8,129,765. TOTAL EXPENSES AMOUNTED TO 6,894,402 RESULTING IN REVENUES IN EXCESS OF EXPENSES OF 1,235,366. 
Financial data
Revenue
Total revenue$9,060,297.00$8,997,205.00$8,686,750.00$8,129,768.00 
Revenue from contributions (total)$0.00$0.00$0.00$0.00$0.00
Investment income, current yr$8,077,103.00$8,355,549.00$7,741,594.00$7,313,012.00 
Total revenue from grants, etc., current yr$0.00$0.00$0.00$0.00 
Total unrelated business revenue$0.00$0.00$0.00$0.00 
Other revenue, current yr$983,194.00$641,656.00$945,156.00$816,756.00 
Net unrelated business taxable revenue$0.00$0.00$0.00$0.00 
Program service revenue (total)$0.00$0.00$0.00$0.00$5,431,408.00
Gross receipts$9,060,297.00$8,997,205.00$8,686,750.00$8,129,768.00 
Other types of revenue
Royalties (total)$0.00$0.00$0.00$0.00 
Miscellaneous revenue (total)$983,194.00$641,656.00$945,156.00$816,756.00 
Income from dividends, interest, and similar investments$8,077,103.00$8,355,549.00$7,741,594.00$7,313,012.00 
Net rental income$0.00$0.00$0.00$0.00$0.00
Expense categories (totals)
Total functional expenses: sum of all$7,877,173.00$7,486,297.00$6,956,184.00$6,894,402.00 
Total functional expenses: program service $0.00$0.00$0.00$0.00 
Total functional expenses: management and general$7,877,173.00$7,486,297.00$6,956,184.00$6,894,402.00 
Total functional expenses: fundraising$0.00$0.00$0.00$0.00 
Fees for services
Fundraising service fees (total)$0.00$0.00$0.00$0.00 
Assets and liabilities
Total assets$154,733,166.00$145,424,191.00$137,750,200.00$140,568,383.00$137,293,164.00
Total assets, beginning of year$145,424,191.00$137,750,200.00$140,568,383.00$137,301,420.00 
Total liabilities$103,350,598.00$101,685,847.00$98,175,856.00$99,760,561.00$98,273,632.00
Total liabilities, beginning of year$101,685,847.00$98,175,856.00$99,760,561.00$98,281,888.00 
Loans & receivables from key persons$691,417.00$912,841.00$687,834.00$57,529.00 
Net assets$51,382,568.00$43,738,344.00$39,574,344.00$40,807,822.00 
Net assets, beginning of year$43,738,344.00$39,574,344.00$40,807,822.00$39,019,532.00 
Other liabilities$101,570,891.00$100,010,816.00$96,592,277.00$98,559,371.00 
Other assets$5,885,525.00$2,230,038.00$2,011,402.00$2,226,243.00 
Investments: other securities$6,440,424.00$6,241,397.00$6,002,201.00$5,813,032.00 
Investments: publicly traded securities$18,272,030.00$16,801,007.00$15,582,928.00$18,582,927.00 
Cash: non-interest bearing$12,465,323.00$14,852,245.00$11,846,095.00$16,442,757.00 
Cash: non-interest bearing, beginning of year$14,852,245.00$11,846,095.00$16,442,757.00$15,704,446.00 
Other financial variables
Revenue less expenses$1,183,124.00$1,510,908.00$1,730,566.00$1,235,366.00 
Advertising (total)$319,818.00$236,296.00$281,984.00$210,182.00 
Savings & temp cash investment$17,600,000.00$17,041,992.00$17,803,105.00$20,548,251.00 
Accounts receivable, net $80,279,626.00$77,226,470.00$70,062,751.00 
Accounts payable & accrued expenses$1,779,707.00$1,675,031.00$1,583,579.00$1,201,190.00 
Total net assets or fund balances$51,382,568.00$43,738,344.00$39,574,344.00$40,807,822.00 
Depreciation, depletion, amortization$540,948.00$466,467.00$425,743.00$483,814.00 
Governance and accountability
Number of voting members771010 
Number of independent voting members771010 
Financial sheets auditedTrueTrueTrueTrue 
Accrual accountingTrueTrueTrueTrue 
Tax year start date2015-01-012014-01-012013-01-012012-01-01 
Tax year end date2015-12-012014-12-012013-12-012012-12-012011-12-01
Has local chaptersTrueTrueTrueTrue 
Indicators for schedules (selected)
Outstanding loan to key person or disqualified personTrueTrueTrueTrue 
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990 
Date e-filing submitted2016-10-052015-08-042014-12-292013-11-14 
IRS schema version2015v2.12014v5.02013v3.02012v2.0 
Filing identifier201601449349300525201542039349301174201411769349300506201342249349301259 
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