2025-06-16T15:15:10-07:00 2024-12-31 660722537 Llavona Casas CPA PSC CENTRO INTERNACNINAL DE MERCADEO 100 CARR 165 TORRE 1 SUITE 708 GUAYNABO PR 00968 990 2024-01-01 660227873 COOPERATIVA DE AHORRO Y CREDITO DR M ZENO GANDIA COOP 7878152667 PO BOX 1865 ARECIBO PR 006131865 SAHILY N RIVAS OLIVERAS EXECUTIVE PRESIDENT 7878834360 2025-06-11 1 1 Fernando Llavona P01474680 7877648664 2025-06-04 X 2024 2025-03-06 01:10:19Z SAHILY N RIVAS OLIVERAS PO BOX 1865 ARECIBO PR 00613 16401971 0 X WWW.ZENOGANDIA.COM X 1953 PR TO OBTAIN SAVING DEPOSITS FROM ITS MEMBERS AS SHARES AND DEPOSITS AND OFFER FINANCING SOURCES FOLLOWING THE COOPERATIVE MOVEMENT PHILOSOPHY. 11 11 62 11 0 0 0 952101 0 0 11160286 13438763 4943900 2011107 16104186 16401971 0 0 0 0 2881085 3057894 0 0 0 7418275 9218452 10299360 12276346 5804826 4125625 275358165 276177412 210459893 208138813 64898272 68038599 TO OBTAIN SAVING DEPOSITS FROM ITS MEMBERS AS SHARE AND DEPOSITS AND OFFER FINANCING SOURCES FOLLOWING THE COOPERATIVE MOVEMENT PHILOSOPHY. 0 0 INTEREST INCOME AND OTHER INCOME OF $16,401,971 AND TOTAL EXPENSES OF $12,276,346. 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 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 0 0 1 0 0 0 62 1 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 1 1 1 1 1 0 1 1 1 1 0 1 1 1 1 1 0 PR X JUAN RODRIGUEZ SOTO 7878152667 PO BOX 1865 ARECIBO PR 006131865 SAHILY N RIVAS OLIVERAS EXECUTIVE PRESIDENT 50 0 X 105000 0 0 XIOMARA ROSADO RIVERA MANAGER 50 0 X 66893 0 0 JUAN L RODRIGUEZ SOTO SUPERVISOR OF FINANCE 50 0 X 62400 0 0 234293 0 0 1 0 0 0 RIVERA GIMENEZ ESTUDIO LEGAL LLC URB DELGADO O10 AVE JOSE VILLARES CAGUAS PR 00725 PROFESSIONAL SERVICES 324963 1 0 0 0 0 952101 0 0 952101 0 13438763 13438763 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 MORTGAGE ORIGINATING INCOME 522130 667145 667145 0 0 DIVIDENDS ANDD SPONSORSHIP 522130 323374 323374 0 0 SERVICE CHARGES 522130 208058 208058 0 0 812530 812530 0 0 2011107 16401971 15449870 0 0 X 234293 234293 2187738 2187738 138502 138502 263924 263924 233437 233437 522280 522280 204288 204288 249735 249735 141548 141548 58293 58293 95552 95552 2440229 2440229 525518 525518 1147339 1147339 REPAIR AND MAINTENANCE 589632 0 589632 0 UTILITIES 318731 0 318731 0 ATM NETWORK, CREDIT CARD AND OTHER E-TRANSACTION MANAGEMENT EXPENSE 316914 0 316914 0 PROVISION FOR CREDIT LOSSES 600000 0 600000 2008393 0 2008393 0 12276346 0 12276346 0 13991448 9132426 10132611 7533617 137456 64831 7283 320026 129908997 139546500 632161 635349 12467709 6892775 5890415 5574934 103326304 103066223 5206415 5328417 6125075 4975089 275358165 276177412 9199954 8342372 201259939 199796441 210459893 208138813 X 40791293 40314351 23806979 27274248 300000 450000 64898272 68038599 275358165 276177412 X 4125625 -319356 0 0 0 -665942 X 0 1 X 0 0 1068438 0 1068438 6810523 0 4038009 2772514 1750856 0 1104994 645862 2373416 0 1509793 863623 464476 0 239979 224497 5574934 DEPOSITS AND SAVINGS CERTIFICATES 199796441 199796441 Form 990, Part VI, Section A, Line 6 THE ORGANIZATION HAS MEMBERS CALLED "SOCIOS". EACH MEMBER MUST CONTRIBUTE $10 IN SHARES (PAR VALUE) UPON ADMISSION AND MUST CONTRIBUTE AT LEAST $120 IN SHARES YEARLY. Form 990, Part VI, Section A, Line 7a EVERY YEAR THE ORGANIZATION CONDUCTS ITS ANNUAL MEMBER MEETING, WHERE MEMBERS CAN NOMINATE AND ELECT THE MEMBERS OF THE BOARD OF DIRECTORS FOR THE NEXT THREE YEARS. EACH MEMBER HAS ONE VOTE. Form 990, Part VI, Section A, Line 7b MEMBERS AT THE ANNUAL MEMBER MEETING CAN VOTE ONLY ON DECISIONS AFFECTING THE GENERAL RULES OF THE ORGANIZATION. Form 990, Part VI, Section B, Line 11b THE ORGANIZATION HAS TO SEND A REPORT ON COMPLIANCE WITH LAWS AND REGULATIONS EVERY TRIMESTER TO THE REGULATOR, IN THIS CASE, COSSEC. Form 990, Part VI, Section B, Line 12c THE ORGANIZATION HAS TO SEND A REPORT ON COMPLIANCE WITH LAWS AND REGULATIONS EVERY TRIMESTER TO THE REGULATOR, IN THIS CASE, COSSEC. Form 990, Part VI, Section B, Line 15 THE BOARD OF DIRECTORS ASSESSES THE PERFORMANCE OF THE CEO ON AN ANNUAL BASIS. ALSO THE CEO HAS A FORMAL EMPLOYMENT CONTRACT OR AGREEMENT. Form 990, Part VI, Section C, Line 19 THE ORGANIZATION CONDUCTS ITS ANNUAL MEMBER MEETING WHERE THE AUDITED FINANCIAL STATMENTS ARE DISCUSSED AND MADE AVAILABLE TO EACH MEMBER. Form 990, Part IX, Line 24e AMORTIZATION OF LOSS UNDER SPECIAL AMORTIZATION ACT 220 $1,200,000; PROGRAMMING AND MECANIZATION $102,718; CHECKING ACCOUNTS MANAGEMENT EXPENSE $34,875; BANK CHARGES $110,744; CREDIT REPORT SERVICES $35,165; GOVERNING BODIES EXPENSES $37,265; COOPERATIVE EDUCATION AND SCHOLARSHIPS $52,235; EMPLOYEE AND COMMITTEES' ACTIVITIES $31,017; DONATIONS $10,859; GOODWILL AMORTIZATION $24,832; OTHER EXPENSES $368,683 Form 990, Part XI, Line 9 ADDITIONAL INVESTMENT FROM MEMBERS IN SHARES $6,780,678; UNDISTRIBUTED EARNINGS CAPITALIZED INTO SHARES $300,000; SHARES WITHDRAWALS FROM MEMBERS ($7,557,620); CONTRIBUTION TO INDIVISIBLE CAPITAL RESERVE $158,676; CONTRIBUTION TO CONTINGENCY RESERVE $317,352; UNDISTRIBUTED EARNINGS TRANSFERRED TO CONTINGENCY RESERVE $2,247,496; CDFI FUNDS TRANSFERRED TO CONTINGENCY RESERVE $952,101; UNCLAIMED ACCOUNTS TRANSFERRED TO SOCIAL CAPITAL RESERVE, NET $111,000; OTHER CHANGES IN UNDISTRIBUTED EARNINGS ($3,975,625)