2023-09-09T14:07:19-04:00 2022-12-31 660714530 BAKER TILLY PUERTO RICO PO BOX 366202 SAN JUAN PR 009366202 990 2022-01-01 660220429 COOPERATIVA AHORRO Y CREDITO MANATI COOP 7878542214 PO BOX 30562 MANATI PR 00674 CANDIDO RIVERA EXECUTIVE PRESIDENT 7878542214 2023-09-08 CANDIDO RIVERA 999009999 false JOSE RODRIGUEZ P01442998 7876228855 2023-09-09 2022 2023-04-26 12:10:37Z CANDIDO RIVERA PO BOX 30562 MANATI PR 00674 12946475 false X WWW.COOPMANATI.COM X CREDIT UNION PR TO OBTAIN SAVINGS DEPOSITS FROM ITS MEMBERS AS SHARES AND DEPOSITS AND PROVIDES FINANCNIG SOURCES IN ACCORDANCE WITH THE COOPERATIVE MOVEMENT PHILOSOPHY. 9 9 88 0 125000 8984529 9329756 1018076 1770309 1594372 1721410 11596977 12946475 0 127744 81448 2303938 3101668 0 0 7020491 6798099 9452173 9981215 2144804 2965260 229473590 217103471 187425602 181584519 42047988 35518952 TO OBTAIN SAVINGS DEPOSITS FROM ITS MEMBERS AS SHARES AND DEPOSITS AND PROVIDES FINANCING SOURCES IN ACCORDANCE WITH THE COOPERATIVE MOVEMENT PHILOSOPHY. false false 7190175 12946475 DURING THE FISCAL YEAR ENDED DECEMBER 31, 2022 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 ADN CREDIT PRODUCTS TO MANAGE THEIR PERSONAL FINANCES. 7190175 false false false false false false false false false true true 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 88 true false false false false false false false false X 9 9 false false false false true true false true true false true true true true true true true true true true false X COOPERATIVA AC DE MANATI 7878542214 68 PASEOS DEL ATENAS MANATI PR 00674 RICARDO ALVAREZ BOARD TREASU 40.00 X 2200 0 0 MARIA FREYTES COLON BOARD OF DIR 40.00 X 2500 0 0 CARLOS COLON BOARD OF DIR 40.00 X 1990 0 0 ANIBAL DELGADO BOARD SECRET 40.00 X 4250 0 0 DORIS CLASS NIEVES BOARD OF DIR 40.00 X 3950 0 0 HECTOR AULET MEJIAS BOARD OF DIR 40.00 X 1850 0 0 JOEL ROLON ALINDATO BOARD OF DIR 40.00 X 950 0 0 HERIBERTO MARTINEZ GONZALEZ BOARD OF DIR 40.00 X 2550 0 0 CARMEN SOTO BOARD OF DIR 40.00 X 2692 0 0 ANGEL NOGUERAS BOARD OF DIR 40.00 X 2800 0 0 CANDIDO RIVERA EXECUTIVE PR 40.00 X 175427 0 27000 ANDERSON MARTINEZ CONTROLLER 40.00 X 66846 0 0 268005 27000 1 false true false 125000 125000 MEMBERS' LOANS INTEREST 522130 9329756 9329756 9329756 1557544 1557544 529867 317102 212765 212765 212765 REV FROM MEMB ACC&LOANS CHARG 522130 723449 723449 REV FROM MEMB CRED&DEB CARDS 522130 591823 591823 OTHER REV FROM MEMBERS SERVIC 522130 406138 406138 1721410 12946475 12821475 81448 81448 295005 141699 153306 2160007 1836006 324001 180995 180995 244360 244360 221301 221301 95819 95819 30065 30065 110217 110217 451711 451711 154089 154089 93401 93401 106068 106068 13181 13181 1370223 1370223 670838 570212 100626 805817 422606 383211 BANK & CRED CARD SERV EXP 829374 829374 UTILITIES,REPAIRS & MAINT 557060 473501 83559 PROV FOR DOUBTFUL LOANS 475000 475000 AMORTIZATION LOSS LAW 220 225000 225000 810236 810236 9981215 7190175 2791040 0 46663786 5740999 7516316 9201926 2423110 3759291 111560136 127394755 413719 656738 16529190 8787900 7552073 7741290 38199275 47885747 10653615 10981000 4491560 3741725 229473590 217103471 2591107 3658855 184834495 177925664 187425602 181584519 X 25455052 25768477 16592936 9750475 42047988 35518952 229473590 217103471 X 2965260 -9494296 X false true X true false 2884012 2884012 8053843 4456323 3597520 5338780 4244547 1094233 7575765 BANCO COOP DE PR 6658863 C COSSEC 2097199 C COOP DE SEGUROS MULTIPLES 1239153 C OTHER COOPERATIVA ENTITIES 459380 C FIDECOOP 326405 C COSVI 200000 C 10981000 DEPOSIT IN SAVING ACCOUNTS 105270454 DEPOSIT IN SAVING CERTIFICATES 72059758 CHRISTMAS & SUMMER ACCOUNT 595452 177925664 12946475 12946475 12946475 9981215 9981215 9981215 X X false false false CANDIDO RIVERA EXECUTIVE PRESIDENT 160413 15014 27000 202427 FORM 990, PAGE 6, PART VI, LINE 6 THE INSTITUTION IS COMPOSED OF MEMBERS WHO JOIN VOLUNTARY TO MEET THEIR ECONOMIC AND SOCIAL NEEDS. FORM 990, PAGE 6, PART VI, LINE 7A THE MEMBERS OF THE ORGANIZATION HAD THE POWER TO ELECT THE BOARD OF DIRECTORS FOR DIFFERENT TERMS AS PROVIDED BY THE LAW 255 DURING THE ANNUAL MEETING OF THE MEMBERS WHICH IS HELD DURING THE SIX MONTHS FOLLOWING THE CLOSING OF THE FISCAL YEAR OF THE ORGANIZATION. THE BOARD OF DIRECTORS IS IN CHARGE OF THE GOVERNANCE DECISIONS OF THE ORGANIZATION. FORM 990, PAGE 6, PART VI, LINE 11B THE RETURN IS REVISED BY THE COMPTROLLER OF THE INSTITUTION AND THEN THE EXECUTIVE PRESIDENT AND THE PRESIDENT OF THE BOARD OF DIRECTORS ARE NOTIFIED THAT THE RETURN WAS PREPARED WITH ALL THE REQUISITES REQUIRED BY THE IRS AND THAT IT IS AVAILABLE FOR THE REVISION OF THEM AND ANY MEMBERS OF THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 12C THE COMPLIANCE DEPARTMENT OF THE INSTITUTION ARE IN CHARGE OF THE MONITORING OF THE PROCESS, TRANSACTIONS, ACCOUNT DETAILS, AMONG OTHER ASPECT RELATED TO MATTERS INVOLVING THE CONFLICT OF INTEREST. IN ACCORDANCE WITH THE ETHIC CODE ALL EMPLOYEES ARE REQUIRED TO REPORT ANY VIOLATION. FORM 990, PAGE 6, PART VI, LINE 15A ONLY THE BOARD OF DIRECTORS DETERMINED THE COMPENSATION OF THE EXECUTIVE PRESIDENT USING EXTERNAL MARKET STUDIES. FORM 990, PAGE 6, PART VI, LINE 15B THE DETERMINATION IS PERFORM USING DATA OF SIMILAR POSITION IN OTHER CREDIT UNIONS IN PUERTO RICO. FORM 990, PAGE 6, PART VI, LINE 19 THE CREDIT UNION HAS AVAILABLE ITS FINANCIAL STATEMENTS, MEMBERS MANUAL, BROCHURE, AND THE PRIVACY POLICY TO PUBLIC INSPECTION. FORM 990, PART XI, LINE 9 ADDITIONAL DEPOSIT OF SHARES BY MEMBERS 3,638,543 TRANSFER FROM DORMANT ACCOUNTS, NET 263,790 WITHDRAWAL OF SHARES BY MEMBERS -3,525,118 CHANGE IN THE UNREALIZED LOSS ON INVESTMENTS -9,871,511 TOTAL -9,494,296