2024-09-06T10:54:46-04:00 2023-12-31 660714530 BAKER TILLY PUERTO RICO PO BOX 366202 SAN JUAN PR 009366202 990 2023-01-01 660269897 COOPERATIVA AC LA SAGRADA FAMILIA COOP 7878592650 PO BOX 102 COROZAL PR 00786 EDDIE ALICEA PRESIDENT 7878592650 2024-09-03 true false JOSE RODRIGUEZ P01442998 7876228855 2024-09-06 2023 2024-08-08 14:25:15Z EDDIE ALICEA PO BOX 102 COROZAL PR 00786 18355245 false X WWW.SAGRADACOOP.COM X CREDIT UNION 1961 PR TO IMPROVE THE QUALITY OF LIFE OF OUR MEMBERS BY PROMOTING EFECTIVE VALUES, FINANCIAL SOURCES AND THE COOPERATIVE MOVEMENT PHILOSOPHY. 9 9 74 0 943660 3717900 8339899 10196346 1496890 2449115 2722112 1991884 13502561 18355245 0 159976 177583 2673409 3081130 0 0 6780845 8672241 9614230 11930954 3888331 6424291 275851760 278709926 146230835 141209860 129620925 137500066 X TO IMPROVE THE QUALITY OF LIFE OF OUR MEMBERS BY PROMOTING EFECTIVE VALUES, FINANCIAL SOURCES AND THE COOPERATIVE MOVEMENT PHILOSOPHY. false false DURING THE FISCAL YEAR ENDED DECEMBER 31, 2023 THE INSTITUTION OBTAINED DEPOSIT FROM MEMBERS AND CONTINUE PROVIDING TO THEM AND THE COMMUNITY FINANCING SOURCES ALTERNATIVES WITH LOANS AT AFFORDABLE TERMS AS WELL AS ACCESSIBILITY TO TECHNOLOGY IN CHECKING, SAVING AND CREDIT PRODUCTS TO MANAGE THEIR PERSONAL FINANCES. DURING THE FISCAL YEAR ENDED DECEMBER 31, 2023 THE INSTITUTION OBTAINED DEPOSIT FROM MEMBERS AND CONTINUE PROVIDING TO THEM AND THE COMMUNITY FINANCING SOURCES ALTERNATIVES WITH LOANS AT AFFORDABLE TERMS AS WELL AS ACCESSIBILITY TO TECHNOLOGY IN CHECKING, SAVING AND CREDIT PRODUCTS TO MANAGE THEIR PERSONAL FINANCES. false false false false false false false false false true false false false true false true false false false false false false false false false false false false true false false false false false false false false false false false false false false true 0 0 74 true false false false false false false false false X 9 9 false false false false true true true true true false true true true true true true true true true true false X EDDIE ALICEA 7878592650 PO BOX 102 COROZAL PR 00786 MANUEL COLON SANTOS DIRECTOR X 1460 0 0 FERNANDO COLON SANTOS DIRECTOR X 1170 0 0 NIMIA PEREZ VAZQUEZ BOARD OF DIR X 430 0 0 DONEL COSME DIAZ BOARD VICE P X 1330 0 0 GIANA B GARCIA JIMENEZ SECRETARY OF X 1370 0 0 PABLO VAZQUEZ RAMOS SUB SECRETAR X 1520 0 0 JOSE L COLO GONZALEZ BOARD OF DIR X 940 0 0 ISRAEL CALDERO PEREZ DIRECTOR X 1540 0 0 JULIA ALICEA GONZALEZ BOARD PRESID X 1600 0 0 EDDIE O SUAREZ ORTIZ BOARD OF DIR X 860 0 0 CARMEN B FUENTES BOARD OF DIR X 1390 0 0 EDDIE ALICEA PRESIDENT 40.00 X 158224 0 5668 ANGEL NEGRON FINANCIAL DI 40.00 X 59273 0 0 HECTOR J MOTTA BERRIOS DIR OF OPERA 40.00 X 57669 0 0 288776 5668 1 false true false 3717900 3717900 MEMBERS'LOANS INTERESTS 10196346 10196346 10196346 2449115 2449115 REV FROM MEMB CRED&DEB CARDS 1269746 1269746 REV FROM MEMB ACC&LOANS CHARG 393527 393527 OTHER REV FROM MEMB SERV 328611 328611 1991884 18355245 14637345 177583 177583 288776 288776 1917638 1586676 330962 96579 82092 14487 534394 454235 80159 243743 207180 36563 391824 333050 58774 298197 298197 80792 68673 12119 127624 108480 19144 123786 123786 671617 570874 100743 1029565 875130 154435 PROV FOR MEMB LOANS&OTHER 2544113 2544113 MEMB CRED & BANK SERVICES 1388857 1388857 REP, MAINT & UTILITIES 1026613 872621 153992 OTHER EXPENSES 989253 824322 164931 11930954 10804645 1126309 0 36705831 23534616 11210000 7935000 133508143 157003945 727840 740758 20365802 8274906 12331508 12090896 69496155 67550548 5947760 6181008 2427645 1957778 3496878 1715377 275851760 278709926 1317553 1803083 144913282 139406777 146230835 141209860 X 111855944 114137819 17764981 23362247 129620925 137500066 275851760 278709926 X 6424291 1454850 X false true X true true true 2147775 2147775 11482917 3355541 8127376 4607495 3166779 1440716 2127615 1752586 375029 12090896 DEPOSIT IN SAVING ACCOUNTS 125324150 DEPOSIT IN SHARE-DRAFT ACCOUNTS 10662717 DEPOSIT IN CHRISTMAS AND SUMMER PLAN 2459102 DEPOSIT IN SAVING CERTIFICATES 960808 139406777 18355245 18355245 18355245 11930954 11930954 11930954 X X false false false EDDIE ALICEA PRESIDENT 141691 16533 5668 163892 FORM 990, PAGE 2, PART III, LINE 4D DURING THE FISCAL YEAR ENDED DECEMBER 31, 2023 THE INSTITUTION OBTAINED DEPOSIT FROM MEMBERS AND CONTINUE PROVIDING TO THEM AND THE COMMUNITY FINANCING SOURCES ALTERNATIVES WITH LOANS AT AFFORDABLE TERMS AS WELL AS ACCESSIBILITY TO TECHNOLOGY IN CHECKING, SAVING AND CREDIT PRODUCTS TO MANAGE THEIR PERSONAL FINANCES. FORM 990, PAGE 6, PART VI, LINE 6 CLASSES OF MEMBERS OR STOCKHOLDERS. THE ORGANIZATION IS COMPOSED OF MEMBER WHO JOIN VOLUNTARILY TO MEET THEIR COMMON ECONOMIC AND SOCIAL NEEDS. FORM 990, PAGE 6, PART VI, LINE 7A THE MEMBERS OF THE ORGANIZATION HAVE THE POWER TO ELECT THE BOARD OF DIRECTORS FOR DIFFERENTS TERMS AS PROVIDED BY THE LAW 255. DURING THE ANNUAL MEETING OF MEMBERS WHICH IS HELD DURING THE SIX MONTHS FOLLOWING THE END OF FISCAL YEAR OF THE ORGANIZATION, OTHER COMMITTEES ARE ALSO ELECTED SUCH AS THE SUPERVISORY COMMITTEE. FORM 990, PAGE 6, PART VI, LINE 7B THE BOARD OF DIRECTORS IS IN CHARGE OF THE GOVERNANCE DECISIONS OF THE ORGANIZATION. NEVERTHELESS, AN ADMINISTRATIVE MATTER PRESENTED BY A MEMBER IN THE ANNUAL MEETING OF MEMBERS BY MEANS OF A FORMAL PROPOSAL WHICH IS APPROVED BY THE MAJORITY OF THE VOTES WILL BE MANDATORY FOR THE PRESENT AND ABSENT MEMBERS AS LONG AS IT IS IN ACCORDANCE WITH THE GENERAL REGULATIONS OF THE INSTUTION AND THE APPLICABLE LAWS. FORM 990, PAGE 6, PART VI, LINE 11B WHEN FORM 990 IS READY FOR REVIEW THE BOARD OF DIRECTOR DISCUSS IT WITH THE PRESIDENT OF THE CREDIT UNION AND THE DIRECTOR OF FINANCE. ONCE THIS DISCUSSION IS COMPLETED, THE RETURN IS AUTHORIZED TO BE FILED WITH THE IRS. FORM 990, PAGE 6, PART VI, LINE 12C THE SUPERVISORY COMMITED OF THE BOARD OF DIRECTORS PERFORM THIS TASK. IN CONFORMITY WITH THE DISPOSITIONS OF THE LAW NUMBERS 225, EVERY TRANSACTION INVOLVING A DIRECTOR, OFFICER OR KEY EMPLOYEE ARE EVALUATED BY THEM. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD OF DIRECTOR IS INVOLVED IN THE PROCESS FOR DETERMINING COMPESATION FOR THE EXECUTIVE DIRECTOR OF THE CREDIT UNION. FORM 990, PAGE 6, PART VI, LINE 15B IN THE CASE OF THE KEY EMPLOYEES OF THE INSTITUION, THE PROCESS IS PERFORMED BY THE EXECUTIVE DIRECTOR ALONG WITH THE HUMAN RESOURCES DIRECTOR. FORM 990, PAGE 6, PART VI, LINE 19 THE CREDIT UNIONS HAS AVAILABLE ITS FINANCIAL STATEMENTS, MEMBERS MANUALS, BROCHURE AND THE PRIVACY POLICY TO PUBLIC INSPECTION. FORM 990, PART XI, LINE 9 SHARES CONTRIBUTION FROM MEMBERS 31,339,099 TRANSFER OF DORMANT ACCOUNTS 174,026 WITHDRAWAL OF SHARES FROM MEMBERS -30,058,275 TOTAL 1,454,850