2024-08-27T13:31:18-07:00 2023-12-31 660722537 Llavona Casas CPA PSC CENTRO INTERNACIONAL DE MERCADEO TORRE 1 100 CARR 165 SUITE 708 GUAYNABO PR 00968 990 2023-01-01 660266453 COOPERATIVE DE AHORRO Y CREDITO DE BARRANQUITAS COOP 7878570250 PO BOX 686 BARRANQUITAS PR 00794 MIGUEL A ORTIZ EXECUTIVE PRESIDENT 7878570250 2024-08-08 1 1 Fernando Llavona P01474680 7877648664 2024-08-12 X 2023 2024-08-08 14:25:15Z MIGUEL A ORTIZ PO BOX 686 BARRANQUITAS PR 00794 31231571 0 X CREDICENTROCOOP.COM X 1954 PR A NON PROFIT ORGANIZATION PRIMARILY DEDICATED TO RECEIVE SAVINGS FORM ITS MEMBERS IN THE FORM OF SHARES AND DEPOSITS 13 13 99 0 0 0 0 0 0 0 16384233 20916305 3224745 10315266 19608978 31231571 0 0 0 0 3394960 4256851 0 0 0 12836921 16639281 16231881 20896132 3377097 10335439 439753173 469342802 344082069 364357570 95671104 104985232 THE ORGANIZATION SAVINGS AND DEPOSITS 0 0 INTEREST INCOME AND OTHER INCOME OF $31,231,571 AND TOTAL EXPENSES OF $20,896,132. 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 99 1 0 0 0 0 0 0 X 13 13 0 0 0 0 1 1 1 1 1 0 1 1 0 0 1 1 1 1 0 PR X COOPERATIVA DE AHORRO Y CREDITO BARRANQUITAS 7878570250 PO BOX 686 BARRANQUITAS PR 00794 MIGUEL ORTIZ SANTOS PRESIDENT 50 0 X 222903 0 0 ANGEL ORTIZ VAZQUEZ VP OPERATIONS 50 0 X 94388 0 0 CARMEN TORRES ZAYAS VP HUMAN RESOURCES 50 0 X 83576 0 0 ADA MORALES LA SANTA MANAGER 50 0 X 65408 0 0 DAMARIS RAMIREZ OCASIO MANAGER 50 0 X 60263 0 0 JORGE LUIS GINES LOPEZ MANAGER 50 0 X 59601 0 0 JOSE H PEREZ MALDONADO MANAGER 50 0 X 56469 0 0 ROSA G HERNANDEZ SANTIAGO MANAGER OF TECNOLOGY AND SECURITY 50 0 X 53353 0 0 CARLOS J RIVERA ROSADOS MANAGER 50 0 X 52783 0 0 IVELISSE MORALES MARRERO MANAGER 50 0 X 48962 0 0 LUIS R LOPEZ ROMAN COMPLIANCE AND INTERNAL AUDITOR 50 0 X 48038 0 0 WILFREDO SEPULVEDA PINTO MANAGER 50 0 X 47739 0 0 IVELISSE SANTIAGO RODRIGUEZ ADMINISTRATIVE ASSISTANT 50 0 X 46918 0 0 940401 0 0 1 0 1 1 GCIT INC 1360 Tanyard Rd Sewell NJ 08080 TECHNOLOGY 140159 EVERTEC GROUP Cra 176 Km 1 3 Cupey Bajo RIO PIEDRAS PR 00926 SERVICES OF PROGRAM 158738 DOCUMENT SOLUTIONS PARTNERS PO BOX 364527 SAN JUAN PR 00936 MAINTENCEN 144658 ALTA COMUNICATION PO BOX 50202 TOA BAJA PR 00950 PROMOTIONS 248485 4 0 0 20916305 20916305 0 0 0 0 0 0 0 0 0 0 0 0 0 0 10315266 10315266 0 0 10315266 31231571 31231571 0 0 X 3454111 3454111 566981 566981 0 235759 235759 2737115 2737115 642842 642842 92123 92123 76250 76250 2796628 2796628 625160 625160 1543571 1543571 UTILITIES 445347 0 445347 0 DEFERRED ACQUISITION COST AMORTIZATION- GOODWILL 875589 0 875589 0 EDUCATION 190270 0 190270 0 HEALT INSURNACE 530655 0 530655 0 6083731 6083731 20896132 0 20896132 0 12975842 22293481 2400000 3100000 785207 961453 286852421 315934749 18904318 8525022 10421443 10379296 92297836 83839447 20288698 20999064 13731726 11835312 439753173 469342802 6336502 6430242 337745567 357927328 344082069 364357570 X 78823750 81198846 15547354 22286386 1300000 1500000 95671104 104985232 439753173 469342802 X 10335439 0 0 0 0 -1021311 X 0 1 X 0 0 2457095 0 2457095 7870783 0 1969386 5901397 3593867 0 2527644 1066223 4898601 0 3962770 935831 83972 0 65222 18750 10379296 DEPOSITS 275149710 CERTIFICATED OF DEPOSITS 82777618 357927328 31231571 0 0 0 0 0 31231571 0 0 0 31231571 20896132 0 0 0 0 0 20896132 0 0 0 20896132 0 0 0 MIGUEL ORTIZ SANTOS PRESIDENT 222903 0 0 0 0 0 0 0 0 0 222903 0 0 0 MIGUEL A ORTIZ SANTOS PRESIDENT AUTO LOAN X 33103 28607 0 1 1 MIGUEL A ORTIZ SANTOS PRESIDENT AUTO LOAN X 61865 32454 0 1 1 MIGUEL A ORTIZ SANTOS PRESIDENT CONSUMER LOAN X 7000 4916 0 1 1 MIGUEL A ORTIZ SANTOS PRESIDENT CONSUMER LOAN X 53628 47130 0 1 1 MIGUEL A ORTIZ SANTOS PRESIDENT MORTGAGE LOAN X 148000 68626 0 1 1 MIGUEL A ORTIZ SANTOS PRESIDENT MASTER CARD X 10000 3842 0 1 1 MIGUEL A ORTIZ SANTOS PRESIDENT CONSUMER LOAN X 5000 3942 0 1 1 CARMEN TORRES ZAYAS VP HUMAN RESOURCES CONSUMER LOAN X 10000 6987 0 1 1 CARMEN TORRES ZAYAS VP HUMAN RESOURCES MORTGAGE LOAN X 166500 146122 0 1 1 CARMEN TORRES ZAYAS VP HUMAN RESOURCES MASTER CARD X 25000 13692 0 1 1 CARMEN TORRES ZAYAS VP HUMAN RESOURCES CONSUMER LOAN X 50000 43487 0 1 1 ADA C MORALES LA SANTA MANAGER AUTO LOAN X 31500 20301 0 1 1 ADA C MORALES LA SANTA MANAGER AUTO LOAN X 44672 12824 0 1 1 ADA C MORALES LA SANTA MANAGER MASTER CARD X 18000 1644 0 1 1 ADA C MORALES LA SANTA MANAGER CONSUMER LOAN X 15000 9353 0 1 1 DAMARIS RAMIREZ OCASIO MANAGER AUTO LOAN X 58985 38829 0 1 1 DAMARIS RAMIREZ OCASIO MANAGER CONSUMER LOAN X 27000 17046 0 1 1 ROSA G HERNANDEZ SANTIAGO MANAGER OF TECNOLOGY AND SECURITY AUTO LOAN X 49995 20146 0 1 1 ROSA G HERNANDEZ SANTIAGO MANAGER OF TECHNOLOGY AND SECURITY CONSUMER LOAN X 10000 8310 0 1 1 ROSA G HERNANDEZ SANTIAGO MANAGER OF TECHNOLOGY AND SECURITY MASTER CARD X 6000 2217 0 1 1 ROSA G HERNANDEZ SANTIAGO MANAGER OF TECHNOLOGY AND SECURITY COSNUMER LOAN X 25000 9191 0 1 1 CARLOS J RIVERA ROSADO MANAGER AUTO LOAN X 57493 44619 0 1 1 CARLOS J RIVERA ROSADO MANAGER MASTER CARD X 2000 1475 0 1 1 CARLOS J RIVERA ROSADO MANAGER CONSUMER LOAN X 50000 44336 0 1 1 IVELISSE MORALES MARRERO MANAGER AUTO LOAN X 26666 4621 0 1 1 IVELISSE MORALES MARRERO MANAGER AUTO LOAN X 41474 38036 0 1 1 IVELISSE MORALES MARRERO MANAGER MASTER CARD X 3000 2573 0 1 1 IVELISSE MORALES MARRERO MANAGER CONSUMER LOAN X 50000 47367 0 1 1 LUIS R LOPEZ ROMAN COMPLIANCE AND INTERNAL AUDITOR MASTER CARD X 10000 1508 0 1 1 WILFREDO SEPULVEDA PINTO MANAGER MASTER CARD X 4500 3199 0 1 1 WILFREDO SEPULVEDA PINTO MANAGER CONSUMER LOAN X 30001 28303 0 1 1 IVELISSE SANTIAGO RODRIGUEZ ADMINISTRATIVE ASSISTANT MORTGAGE LOAN X 40000 34914 0 1 1 IVELISSE SANTIAGO RODRIGUEZ ADMINISTRATIVE ASSISTANT MASTER CARD X 20000 17576 0 1 1 IVELISSE SANTIAGO RODRIGUEZ ADMINISTRATIVE ASSISTANT CONSUMER LOAN X 40000 30712 0 1 1 JOSE H MELENDEZ ORTEGA MANAGER AUTO LOAN X 40340 28173 0 1 1 JOSE H MELENDEZ ORTEGA MANAGER CONSUMER LOAN X 50000 44333 0 1 1 JOSE H MELENDEZ ORTEGA MANAGER CONSUMER X 40000 25349 0 1 1 ANGEL R ORTIZ VAZQUEZ VP OPERATIONS CONSUMER LOAN X 20000 9198 0 1 1 ANGEL R ORTIZ VAZQUEZ VP OPERATIONS CONSUMER LONA X 10000 8522 0 1 1 ANGEL R ORTIZ VAZQUEZ VP OPERATIONS MASTER CARD X 8000 4593 0 1 1 959073 Form 990, Part VI, Section A, Line 6 THE ORGANIZATION HAS MEMBERS CALLED "SOCIOS". EACH MEMBER CONTRIBUTES AT LEAST 120 DOLLARS IN SHARES. Form 990, Part VI, Section A, Line 7a EACH YEAR THE ORGANIZATION PERFORMS ITS ANNUAL STOCKHLODERS MEETING EACH YEAR THE ORGANIZATION PERFORMS ITS ANNUAL STOCKHLODERS MEETING. Form 990, Part VI, Section A, Line 7b ONLY THOSE AFFECTING GENERAL RULES. Form 990, Part VI, Section B, Line 11b THE ORGANIZATION HAS TO SEND EVERY THREE MONTHS A REPORT ON COMPLIANCE WITH LAWS AND REGULATIONS TO THE REGULATOR IN THIS CASE COSSEC. Form 990, Part VI, Section B, Line 15 THE ORGANIZATION HAS TO SEND EVERY THREE MONTHS A REPORT ON COMPLIANCE ALSO THE CEO HAS AN EMPLOYEMENT FORMAL CONTRACT OR AGREEMENT. Form 990, Part VI, Section C, Line 19 EACH YEAR THE ORGANIZATION PERFORMS ITS ANNUAL STOCKHOLDERS MEETING WHERE MEMBERS OF THE GOVERNING BOARD ARE ELECTED FOR A THREE YEAR PERIOD. ALSO AUDITED FINANCIAL STATEMENTS ARE DISCUSSED BY THE BOARD OF DIRECTORS WITH MEMBERS. FINANCIAL STATEMENTS ARE AVAILABLE FOR EACH MEMBER AT THE ANNUAL MEETING. Form 990, Part IX, Line 11g PROFESIONAL SERVICES $2,737,115 Form 990, Part IX, Line 24e BAD DEBT EXPENSES $2,087,715; LOSS UNDER ESPECIAL AMORTIZATION $1,008,000; UNIFORM EXPENSES $82,021 DIRECTOR MEETING $39,768; REPAIRS AND MAINTENACE $155,030; MAINTENANCE OF ATM $ 464,825; MAINTENANCE OF MASTER CARD $300,709; BANK SERVICES CHARGES $140,415; REPRESENTATION EXPENSES $35,412; HAULAGE $86,673; CREDIT REPORTS $71,909; ACTIVITIES $105,081; DONATIONS $17,861; RENT EXPENSES $325,530; TRAVEL AND DIET $159,957; LOSS ON SALE AND IMPAIRMENT OF INVESMENTS IN SECURITIES $394,157 OTHER EXPENSES $518,668. Form 990, Part XI, Line 9 INCREASES IN SHARE $2,375,096; INCREASES INDIVISIBLE CAPITAL RESERVE $931,972; INCREASES RESERVE SOCIAL CAPITAL $67,576; INCREASES CONTIGENCIES RESERVE 10% OF NET INCOME $ 465,986; INCREASES CONTIGENCIES RESERVE $4,372,639 ; DECREASES RESERVE OF COSSEC $-1,008,000; INCREASES IN ACUMULET IN COMPRESSIVE LOSS $1,908,859;SURPLUS $-6,062,597.