2025-03-26T16:08:56-07:00 2024-06-30 660722537 Llavona Casas CPA PSC CENTRO INTERNACIONAL MERCADEO 100 CARR 165 TORRE 1 STE 708 GUAYNABO PR 00968 990 2023-07-01 660237982 COOPERATIVA DE AHORRO Y CREDITO HATILLO COOP 7878983735 PO BOX 95 HATILLO PR 006590095 DIANETH RAMOS DE JESUS CHIEF EXECUTIVE OFFICER 7878983735 2025-03-06 1 1 Fernando Llavona P01474680 7877648664 2025-02-19 X 2023 2025-03-06 01:10:19Z DIANETH RAMOS DE JESUS PO BOX 95 HATILLO PR 006590095 10077612 0 X WWW.HATICOOP.COM X 1958 PR TO OBTAIN SAVING DEPOSITS FROM ITS MEMBERS AS SHARES AND DEPOSITS AND PROVIDE FINANCING SOURCES IN ACCORDANCE WITH THE COOPERATIVE MOVEMENT PHILOSOPHY. 7 7 40 18 0 0 0 0 0 0 6701818 7143803 876939 2933809 7578757 10077612 0 0 0 0 1711833 1955881 0 0 0 3996354 4967875 5708187 6923756 1870570 3153856 148213137 148356627 101485679 103159239 46727458 45197388 TO OBTAIN SAVING DEPOSITS FROM ITS MEMBERS AS SHARES AND DEPOSITS AND FINANCING SOURCES IN ACCORDANCE WITH THE COOPERATIVE MOVEMENT PHILOSOPHY. 0 0 DURING THE FISCAL YEAR ENDED ON JUNE 30, 2024 THE INSTITUION OBTAINED SAVING DEPOSITS FROM ITS MEMBERS AS SHARES AND DEPOSITS PROVIDING FINANCING TERMS AND CONDITION, INTEREST AND INSURANCE BENEFITS IN ACCORDANCE WITH THE COOPERATIVE MOVEMENT PHILOSOPHY. 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 40 1 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 0 1 1 1 0 PR X COOPERATIVA DE AHORRO Y CREDITO HATILLO FINANCE DEPARTMENT 7878983735 PO BOX 95 HATILLO PR 006590095 DIANETH RAMOS DE JESUS EXECUTIVE PRESIDENT 60 0 X 51494 0 0 IRIS O DORTA AGUILAR VP ACCOUNTING 60 0 X 49772 0 0 YAHAIRA NIEVES RIVERA VP OF OPERATIONS 60 0 X 41817 0 0 143083 0 0 0 0 0 0 HELVETIA DEL CARIBE PO BOX 4849 CAROLINA PUERTO RICO RQ 00984 PROFESIONAL SERVICES 355160 GSM FINANCIAL CONSULTANTS LLC PO Box 582 BOQUERON PR 00662 PROFESIONAL SERVICES 130642 2 0 0 7143803 7143803 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2933809 2933809 0 0 2933809 10077612 10077612 0 0 X 143083 143083 1388990 1388990 52147 52147 250077 250077 121584 121584 241025 241025 151762 151762 144578 144578 10537 10537 43855 43855 1012057 1012057 244329 244329 546519 546519 ATH AND MASTERCARD MANAGEMENT EXPENSE 378954 0 378954 0 MAINTENANCE AND REPAIRS 332210 0 332210 0 ALLOWANCE FOR CREDIT LOSS 591754 0 591754 0 BANK CHARGES 139218 0 139218 0 1131077 1131077 6923756 0 6923756 0 7653057 8577291 3450000 2600000 145911 205271 177533 170906 75068373 78012165 193423 637513 8104848 4617891 3672397 3486957 46939687 44217395 5608176 5911581 0 5304580 4537548 148213137 148356627 1694575 1585309 99791104 101573930 101485679 103159239 X 34429892 31010486 12147566 14036902 150000 150000 46727458 45197388 148213137 148356627 X 3153856 0 0 0 0 -4683926 X 0 1 1 1032220 0 1032220 2503122 0 1005462 1497660 1864675 0 1021553 843122 2020079 0 2529839 -509760 684752 0 61037 623715 3486957 HELD TO MATURITY INVESTMENTS 29872075 C AVAILABLE FOR SALE INVESTMENTS 14345320 F 44217395 DEPOSITS AND SAVINGS CERTIFICATES 101573930 101573930 10077612 0 0 0 0 0 10077612 0 0 0 10077612 6923756 0 0 0 0 0 6923756 0 0 0 6923756 Form 990, Part VI, Section A, Line 6 THE ORGANIZATION IS COMPOSED BY MEMBERS WHO JOIN VOLUNTARILY TO MEET THEIR COMMON ECONOMIC AND SOCIAL NEEDS. Form 990, Part VI, Section A, Line 7a EVERY YEAR THE ORGANIZATION HOSTS THEIR ANNUAL SHAREHOLDERS MEETING, WHERE THE MEMBERS OF THE BOARD OF DIRECTORS ARE ELECTED FOR A THREE-YEAR PERIOD. 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 12c THE ORGANIZATION IS REQUIRED TO SEND EVERY TRIMESTER A REPORT ON COMPLIANCE WITH LAWS AND REGULATIONS TO THE REGULATOR, IN THIS CASE COSSEC. Form 990, Part VI, Section B, Line 15 THE BOARD OF DIRECTORS 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 DIRECTOR WITH MEMBERS. FINANCIAL STATEMENTS ARE AVAILABLE FOR EACH MEMBER AT THE ANNUAL MEETING. Form 990, Part VI, Section C, Line 19 AUDITED FINANCIAL STATEMENTS ARE DISCUSSED WITH THE BOARD OF DIRECTORS. THE STATEMENTS ARE ALSO MADE AVAILABLE TO EVERY MEMBER AT THE ANNUAL MEETING. Form 990, Part IX, Line 24e AMORTIZATION OF LOSS UNDER SPECIAL AMORTIZATION ACT 220-2015 $648,000; UTILITIES $130,947; COOPERATIVE EDUCATION $ 29,012; GOVERNING BODIES EXPENSES $105,579; FEES AND MEMBERSHIPS $5,243; DONATIONS $56,746; SALES TAX (IVU) $46,220; ACTIVITIES $24,813; ALLOWANCE FOR THE VALUATION OF REPOSSESSED PROPERTIES $9,073; OTHER MISCELLANEOUS EXPENSES $73,413 Form 990, Part XI, Line 9 MEMBERS WITHDRAWAL OF SHARES, NET OF ADDITIONAL INVESTMENT ($3,569,225); EARNINGS CAPITALIZED INTO SHARES $149,819; CONTRIBUTION TO INDIVISIBLE CAPITAL RESERVE $70,933; CONTRIBUTION TO CONTINGENCY RESERVE $141,867; INACTIVE UNCLAIMED ACCOUNTS TRANSFERRED TO SOCIAL CAPITAL RESERVE, NET OF RECLAIMED ACCOUNTS $172,834; UNDISTRIBUTED EARNINGS TRANSFERRED TO CONTINGENCY RESERVE $1,699,776; NET COMPREHENSIVE LOSS CLASSIFIED AS AVAILABLE FOR SALE ($196,074); CHANGE IN ACCOUNTING PRINCIPLE FIRST DAY ADJUSTMENT CUMULATIVE EFFECT CECL ($1,091,461); CHANGES IN UNDISTRIBUTED EARNINGS ($2,062,395)