2023-07-06T17:21:20-07:00 2022-12-31 660722537 Llavona Casas CPA PSC CENTRO INTERNACIONAL DE MERCADEO TORRE 1 100 CARR 165 SUITE 708 GUAYNABO PR 00968 990 2022-01-01 660227873 COOPERATIVA DE AHORRO Y CREDITO DR M ZENO GANDIA COOP 7878152667 PO BOX 1865 ARECIBO PR 006131865 ISMAEL VELAZQUEZ EXECUTIVE PRESIDENT 7878834360 2023-06-30 1 1 Fernando Llavona P01474680 7877648664 2023-06-06 1 11 0 AAL2 2022 2023-04-26 12:10:37Z ISMAEL A VELAZQUEZ PO BOX 1865 ARECIBO PR 00613 11452610 0 X WWW.ZENOGANDIA.COM X 1953 PR TO OBTAIN SAVING DEPOSITS FROM ITS MEMBERS AS SHARES AND DEPOSITS AND FINANCING SOURCES IN ACCORDANCE WITH THE COOPERATIVE MOVEMENT PHILOSOPHY. 11 11 85 0 0 0 0 0 0 0 7439208 9168537 4307429 2284073 11746637 11452610 0 0 0 0 3012877 2569026 0 0 0 6340975 6336093 9353852 8905119 2392785 2547491 269257849 274854644 212311237 214255711 56946612 60598933 TO OBTAIN SAVING DEPOSITS FROM ITS MEMBERS AS SHARE AND DEPOSITS AND FINANCING SOURCES IN ACCORDANCE WITH THE COOPERATIVE MOVEMENT PHILOSOPHY. 0 0 INTEREST INCOME AND OTHER INCOME OF $11,452,610 AND TOTAL EXPENSES OF $8,905,119. 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 1 85 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 ISMAEL VELAZQUEZ PEREZ PRESIDENT EXECUTIVE 40 0 X 106602 0 0 SAHILY N RIVAS OLIVERAS VP OF ADMINISTRATION AND LEGAL 40 0 X 103379 0 0 JUAN L RODRIGUEZ SOTO SUPERVISOR OF FINANCE 40 0 X 55311 0 0 XIOMARA ROSADO RIVERA MANAGER 40 0 X 50491 0 0 315783 0 0 1 0 0 0 0 0 0 9168537 9168537 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2284073 2284073 0 0 2284073 11452610 11452610 0 0 X 315783 315783 1767970 1767970 82936 82936 200454 200454 201883 201883 418916 418916 184814 184814 225404 225404 183767 183767 44773 44773 79102 79102 591457 591457 428035 428035 1258467 1258467 REPAIR AND MANINTENANCE 325790 0 325790 0 UTILITIES 332827 0 332827 0 BANK SERVICES CHARGES 103081 0 103081 0 CREDIT CARD HANDLING EXPENSES, ATM NETWORK 283310 0 283310 0 1876350 1876350 8905119 0 8905119 0 58010638 6741578 20832290 21882413 183346 171029 35967 39999 86711701 113189838 601579 641612 14598150 8769627 5163198 5828523 82667017 112931846 5121111 5146722 9931002 8281084 269257849 274854644 2880400 4231362 209430837 210024349 212311237 214255711 X 40733582 42347900 16013030 18051033 200000 200000 56946612 60598933 269257849 274854644 X 2547491 0 0 0 0 1104830 X 0 1 X 0 0 915938 0 915938 5998619 0 3642461 2356158 1885106 0 1168274 716832 4986583 0 3874242 1112341 811904 0 84650 727254 5828523 DEPOSITS ON SAVINGS ACCOUNTS 156021302 CERTIFICATE OF DEPOSITS 30401876 SHARE DRAFT ACCOUNTS 21813993 CHRISTMAS CLUB SAVING PLAN 1787178 210024349 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 STOCKHOLDERS MEETING, WHERE MEMBERS OF THE GOVERNING BOARD ARE ELECTED FOR 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 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 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 ALSO THE CEO HAS AN EMPLOYMENT FORMAL CONTRACT OR AGREEMENT EACH YEAR THE ORGANIZATION PERFORMS ITS ANNUAL STOCKHOLDRS 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 24e LOSS AMORTIZATION SPECIAL INVESMENTS $1,200,000; PROGRAMMING AND MECHANIZATION $184,302; CURRENT ACCOUNTS MANAGEMENT $18,579; CREDIT REPORTS $33,380; DIRECTOR EXPENSES $36,286; COOPERATIVE EDUCATION AND DONATIONS $32,412; ACTIVITIES $17,672; LOSS IN SALES INVESMENT $190,881; OTHER EXPENESE $162,838. Form 990, Part XI, Line 9 INCREASES IN SHARES $ 1,614,318, INCREASES IN CAPITAL RESERVE $127,375, INCREASES IN RESERVE OF CONTIGENCIES OF 10% OF NET INCOME $254,749, INCREASES IN RESERVE OF CONTIGENCIES AND INSTITUTIONAL RESERVE $1,965,367, INCREASES IN RESERVE OF SOCIAL CAPITAL $181,280, LOSS IN COMPREHENSIVE INCOME $-490,768, SURPLUS $-2,547,491.