COOPERATIVA DE AHORRO Y CREDITO DE MAUNABO

Address
PO BOX 127
MAUNABO, PUERTO RICO 00707
RQ
Contact
Website: http://maunacooppr.com
Phone: +1 (787) 861-2240
Nonprofit
NTEE: W60 - Financial Institutions, Services (Non-Government Related)
EIN: 66-0271958

Mission

THE ORGANIZATION DOES SAVINGS AND DEPOSITS.
 20162015201420132012
Basic features of the organization
Year of formation1965
Subsection code14
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$593,583.00$579,193.00$710,131.00$619,070.00$647,726.00
Sum of reportable (W2/1099) compensation$593,583.00$579,193.00$710,131.00$619,070.00$647,726.00
Number of employees6980758382
Number of people compensated >$100k22222
Number of volunteers00000
Number of highly compensated contractors0000 
Personnel
Castro, Maria
Title DIRECTOR HUMAN RESOURCEMANAGERMANAGER 
Name of key/compensated person MARIA E OCASIO CASTROMARIA E OCASIO CASTROMARIA E OCASIO CASTRO 
Position of compensated person
Current key employee (> $150k) TrueTrueTrue 
Average hours per week working for org 404040 
Reportable compensation from org $61,016.00$55,303.00$3,966.00 
Other comp, non-reportable, from org and related orgs $0.00$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00$0.00 
Average hours per week working for related orgs 000 
Claudio, Mayra
Title  BRANCH MANAGERBRANCH MANAGERBRANCH MANAGER
Name of key/compensated person  MAYRA RODRIGUEZ CLAUDIOMAYRA RODRIGUEZ CLAUDIOMAYRA RODRIGUEZ CLAUDIO
Position of compensated person
Current key employee (> $150k)  TrueTrueTrue
Average hours per week working for org  404040
Reportable compensation from org  $80,296.00$45,707.00$45,595.00
Other comp, non-reportable, from org and related orgs  $0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00$0.00
Average hours per week working for related orgs  000
Colon, Luis
Title BRANCH MANAGER   
Name of key/compensated person LUIS E MUNIZ COLON   
Position of compensated person
Current key employee (> $150k) True   
Average hours per week working for org 40   
Reportable compensation from org $32,187.00   
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   
Colon, Sandra
Title MANAGER OF DEPARMENT OF COLLECTIONS   
Name of key/compensated person SANDRA E LAYER COLON   
Position of compensated person
Current key employee (> $150k) True   
Average hours per week working for org 40   
Reportable compensation from org $19,088.00   
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   
Gutierrez, Rebeca
TitleMANAGER OF DEPARMENT OF COLLECTIONS    
Name of key/compensated personREBECA GUTIERREZ    
Position of compensated person
Current key employee (> $150k)True    
Average hours per week working for org40    
Reportable compensation from org$20,538.00    
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    
Lamb, Keila
TitleBRANCH MANAGERBRANCH MANAGERBRANCH MANAGERBRANCH MANAGERBRANCH MANAGER
Name of key/compensated personKEILA Y SOSTRE LAMBKEILA Y SOSTRE LAMBKEILA Y SOSTRE LAMBKEILA Y SOSTRE LAMBKEILA Y SOSTRE LAMB
Position of compensated person
Current key employee (> $150k)TrueTrueTrueTrueTrue
Average hours per week working for org4040404040
Reportable compensation from org$35,949.00$34,903.00$34,193.00$33,811.00$29,997.00
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
Lebron, Ivonne
Title BRANCH MANAGER   
Name of key/compensated person IVONNE CARRASQUILLO LEBRON   
Position of compensated person
Current key employee (> $150k) True   
Average hours per week working for org 40   
Reportable compensation from org $10,308.00   
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   
Lugo, Doris
TitleUNDERWRITERUNDERWRITER   
Name of key/compensated personDORIS GOMEZ LUGODORIS GOMEZ LUGO   
Position of compensated person
Current key employee (> $150k)TrueTrue   
Average hours per week working for org4040   
Reportable compensation from org$45,596.00$1,385.00   
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   
Melendez, Celia
Title  BRANCH MANAGERBRANCH MANAGERBRANCH MANAGER
Name of key/compensated person  CELIA POVENTUD MELENDEZCELIA POVENTUD MELENDEZCELIA POVENTUD MELENDEZ
Position of compensated person
Current key employee (> $150k)  TrueTrueTrue
Average hours per week working for org  404040
Reportable compensation from org  $37,094.00$37,355.00$36,689.00
Other comp, non-reportable, from org and related orgs  $0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00$0.00
Average hours per week working for related orgs  000
Montanez, Melba
TitleVICE PRESIDENT OF FINANCEVICE PRESIDENT OF FINANCEVICE PRESIDENT OF FINANCEVICE PRESIDENT OF FINANCEVICE PRESIDENT OF FINANCE
Name of key/compensated personMELBA L SOTO MONTANEZMELBA L SOTO MONTANEZMELBA L SOTO MONTANEZMELBA L SOTO MONTANEZMELBA L SOTO MONTANEZ
Position of compensated person
Current key employee (> $150k)TrueTrueTrueTrueTrue
Average hours per week working for org4040404040
Reportable compensation from org$111,939.00$108,721.00$108,541.00$108,294.00$108,716.00
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
Morales, Militza
Title    HUMAN RESOURCES MANAGER
Name of key/compensated person    MILITZA RODRIGUEZ MORALES
Position of compensated person
Current key employee (> $150k)    True
Average hours per week working for org    40
Reportable compensation from org    $50,598.00
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
Ortiz, Lilliam
TitleBRANCH MANAGERBRANCH MANAGERBRANCH MANAGERBRANCH MANAGERBRANCH MANAGER
Name of key/compensated personLILLIAM DEFENDINI ORTIZLILLIAM DEFENDINI ORTIZLILLIAM DEFENDINI ORTIZLILLIAM DEFENDINI ORTIZLILLIAM DEFENDINI ORTIZ
Position of compensated person
Current key employee (> $150k)TrueTrueTrueTrueTrue
Average hours per week working for org4040404040
Reportable compensation from org$37,781.00$36,016.00$35,304.00$35,620.00$36,146.00
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
Ramos, Carlos
TitlePRESIDENTPRESIDENTPRESIDENTPRESIDENTPRESIDENT
Name of key/compensated personCARLOS A CRESPO RAMOSCARLOS A CRESPO RAMOSCARLOS A CRESPO RAMOSCARLOS A CRESPO RAMOSCARLOS A CRESPO RAMOS
Position of compensated person
Average hours per week working for org400404040.00
Reportable compensation from org$144,081.00$140,380.00$146,715.00$137,717.00$142,699.00
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 orgs040000
Ramos, Juan
Title  COMPLIANCE OFFICERCOMPLIANCE OFFICERCOMPLIANCE OFFICER
Name of key/compensated person  JUAN A PADILLA RAMOSJUAN A PADILLA RAMOSJUAN A PADILLA RAMOS
Position of compensated person
Current key employee (> $150k)  TrueTrueTrue
Average hours per week working for org  404040
Reportable compensation from org  $68,013.00$59,201.00$47,226.00
Other comp, non-reportable, from org and related orgs  $0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00$0.00
Average hours per week working for related orgs  000
Rivera, Eddie
TitleOFFICER OF MARKETINGOFFICER OF MARKETING   
Name of key/compensated personEDDIE C LEBRON RIVERAEDDIE C LEBRON RIVERA   
Position of compensated person
Current key employee (> $150k)TrueTrue   
Average hours per week working for org4040   
Reportable compensation from org$27,295.00$20,094.00   
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   
Rodriduez, Noemi
TitleMANAGER OF COMPLIANCE    
Name of key/compensated personNOEMI SANCHEZ RODRIDUEZ    
Position of compensated person
Current key employee (> $150k)True    
Average hours per week working for org40    
Reportable compensation from org$51,218.00    
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, Hector
TitleBRANCH MANAGERBRANCH MANAGEROPERATIONS OFFICEROPERATIONS OFFICEROPERATIONS OFFICER
Name of key/compensated personHECTOR E MELENDEZ RODRIGUEZHECTOR E MELENDEZ RODRIGUEZHECTOR E MELENDEZ RODRIGUEZHECTOR E MELENDEZ RODRIGUEZHECTOR E MELENDEZ RODRIGUEZ
Position of compensated person
Current key employee (> $150k)TrueTrueTrueTrueTrue
Average hours per week working for org4040404040
Reportable compensation from org$44,116.00$43,557.00$44,757.00$46,059.00$44,811.00
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
Rodriguez, Noemi
Title   BRANCH MANAGERBRANCH MANAGER
Name of key/compensated person   NOEMI SANCHEZ RODRIGUEZNOEMI SANCHEZ RODRIGUEZ
Position of compensated person
Current key employee (> $150k)   TrueTrue
Average hours per week working for org   4040
Reportable compensation from org   $53,310.00$53,149.00
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, Angel
TitleSUPERVISOR OF DATA ANALISTSUPERVISOR OF DATA ANALIST   
Name of key/compensated personANGEL M RIVERA RUIZANGEL M RIVERA RUIZ   
Position of compensated person
Current key employee (> $150k)TrueTrue   
Average hours per week working for org4040   
Reportable compensation from org$39,042.00$36,208.00   
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   
Santos, Eduardo
TitleMANAGERMANAGERMANAGERMANAGER 
Name of key/compensated personEDUARDO TORRES SANTOSEDUARDO TORRES SANTOSEDUARDO TORRES SANTOSEDUARDO TORRES SANTOS 
Position of compensated person
Current key employee (> $150k)TrueTrueTrueTrue 
Average hours per week working for org40404040 
Reportable compensation from org$36,028.00$35,330.00$33,906.00$6,116.00 
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 
de Jesus Alicea, Roberto
Title  COLLECTION MANAGERCOLLECTION MANAGERCOLLECTION MANAGER
Name of key/compensated person  ROBERTO DE JESUS ALICEAROBERTO DE JESUS ALICEAROBERTO DE JESUS ALICEA
Position of compensated person
Current key employee (> $150k)  TrueTrueTrue
Average hours per week working for org  404040
Reportable compensation from org  $66,009.00$51,914.00$52,100.00
Other comp, non-reportable, from org and related orgs  $0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00$0.00
Average hours per week working for related orgs  000
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.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$0.00
Programs, including revenue & expenses
THE ORGANIZATION GENERATED INTEREST INCOME FROM OPERATIONS AND OTHER INCOME OF 9,064,764. THE ORGANIZATION HAD TOTAL EXPENSES OF 8,678,519 RESULTING IN REVENUES IN EXCESS OF EXPENSES OF 386,245 IN 2016.
Program descriptionTHE ORGANIZATION GENERATED INTEREST INCOME FROM OPERATIONS AND OTHER INCOME OF 9,064,764. THE ORGANIZATION HAD TOTAL EXPENSES OF 8,678,519 RESULTING IN REVENUES IN EXCESS OF EXPENSES OF 386,245 IN 2016.THE ORGANIZATION GENERATED INTEREST INCOME FROM OPERATIONS AND OTHER INCOME OF 9,428,950. THE ORGANIZATION HAD TOTAL EXPENSES OF 8,633,426 RESULTING IN REVENUES IN EXCESS OF EXPENSES OF 795,524 IN 2015.THE ORGANIZATION GENERATED INTEREST INCOME FROM OPERATIONS AND OTHER INCOME OF 9,410,422. THE ORGANIZATION HAD TOTAL EXPENSES OF 7,736,104 RESULTING IN REVENUES IN EXCESS OF EXPENSES OF 1,674,318 IN 2014.THE ORGANIZATION GENERATED INTEREST INCOME FROM OPERATIONS AND OTHER INCOME OF 9,748,608. THE ORGANIZATION HAD TOTAL EXPENSES OF 8,140,525 RESULTING IN REVENUES IN EXCESS OF EXPENSES OF 1,608,083 IN 2013.THE ORGANIZATION GENERATED INTEREST INCOME FROM OPERATIONS OF 9,710,835 AND IT ALSO HAD OTHER INCOME OF 1,473,141. THE ORGANIZATION HAD TOTAL EXPENSES OF 8,227,083 RESULTING IN REVENUES IN EXCESS OF EXPENSES OF 1,483,752 IN 2012.
Financial data
Revenue
Total revenue$9,064,764.00$9,428,950.00$9,410,422.00$9,748,608.00$9,710,835.00
Revenue from contributions (total)$0.00$0.00$0.00$0.00$0.00
Investment income, current yr$7,462,272.00$7,769,881.00$7,933,139.00$8,320,144.00$8,237,694.00
Total revenue from grants, etc., current yr$0.00$0.00$0.00$0.00$0.00
Total unrelated business revenue    $0.00
Other revenue, current yr$1,602,492.00$1,659,069.00$1,477,283.00$1,428,464.00$1,473,141.00
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
Other types of revenue
Royalties (total)$0.00$0.00$0.00$0.00$0.00
Miscellaneous revenue (total)$1,602,492.00$1,659,069.00$1,477,283.00$1,428,464.00$1,473,141.00
Investment income$7,462,272.00$7,769,881.00$7,933,139.00$8,320,144.00$8,237,694.00
Expense categories (totals)
Total functional expenses: sum of all$8,678,519.00$8,633,426.00$7,736,104.00$8,140,525.00$8,227,083.00
Total functional expenses: program service $0.00$0.00$0.00$0.00$0.00
Total functional expenses: management and general$8,678,519.00$8,633,426.00$7,736,104.00$8,140,525.00$8,227,083.00
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$173,204,962.00$170,805,373.00$169,000,151.00$165,294,080.00$160,624,701.00
Total assets, beginning of year$170,805,373.00$169,000,151.00$165,294,080.00$160,624,701.00$151,355,504.00
Total liabilities$106,560,192.00$101,296,459.00$100,474,963.00$99,015,452.00$95,874,135.00
Total liabilities, beginning of year$101,296,459.00$100,474,963.00$99,015,452.00$95,874,135.00$89,883,938.00
Loans & receivables from key persons$98,597.00$394,750.00$446,905.00$416,050.00$362,454.00
Net assets$66,644,770.00$69,508,914.00$68,525,188.00$66,278,628.00$64,750,566.00
Net assets, beginning of year$69,508,914.00$68,525,188.00$66,278,628.00$64,750,566.00$61,471,566.00
Other liabilities$102,357,427.00$98,303,126.00$98,360,879.00$97,265,679.00$93,165,074.00
Other assets$9,881,370.00$4,676,058.00$5,321,167.00$4,217,656.00$4,653,480.00
Investments: other securities$3,860,932.00$3,817,611.00$3,719,360.00$3,578,699.00$3,896,407.00
Investments: publicly traded securities$8,022,365.00$14,515,389.00$12,882,817.00$11,389,339.00$12,905,352.00
Cash: non-interest bearing$20,104,740.00$25,876,996.00$15,998,102.00$18,553,874.00$14,526,055.00
Cash: non-interest bearing, beginning of year$25,876,996.00$15,998,102.00$18,553,874.00$14,526,055.00$12,879,067.00
Other financial variables
Revenue less expenses$386,245.00$795,524.00$1,674,318.00$1,608,083.00$1,483,752.00
Advertising (total)$205,937.00$208,904.00$223,471.00$206,371.00$256,317.00
Savings & temp cash investment$34,364,547.00$30,264,547.00$37,214,547.00$37,564,547.00$36,864,547.00
Accounts receivable, net  $87,294,146.00$82,964,584.00$80,822,975.00
Accounts payable & accrued expenses$4,202,765.00$2,993,333.00$2,114,084.00$1,749,773.00$2,709,061.00
Total net assets or fund balances$66,644,770.00$69,508,914.00$68,525,188.00$66,278,628.00$64,750,566.00
Depreciation, depletion, amortization$847,689.00$682,220.00$543,170.00$539,216.00$475,232.00
Governance and accountability
Number of voting members99999
Number of independent voting members99999
Financial sheets were 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
Indicators for schedules (selected)
Outstanding loan to key person or disqualified personTrueTrueTrueTrueTrue
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
IRS schema version2016v3.02015v2.12014v5.02013v3.02012v2.0
Filing identifier201731789349300343201641529349300259201541989349300604201402239349300610201322039349300107
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