2023-05-15T14:09:37-04:00 2022-12-31 660688644 OJEDA CPA GROUP PSC PMB 204 PO BOX 7105 PONCE PR 007327105 990 2022-01-01 660270259 COOPERATIVA DE AHORRO Y CREDITO DE CABO ROJO % KERWIN MORALES COOP 7878511337 PO BOX 99 CABO ROJO PR 006230099 JORGE FERRER VP OF FINANCE 2023-05-15 true EDUARDO OJEDA P01048102 7878437866 2023-05-15 2022 2023-04-26 12:10:37Z KERWIN MORALES PO BOX 99 CABO ROJO PR 006230099 17456223 false X caborojocoop.com X Credit Union 1956 PR A NON PROFIT ORGANIZATION ENGAGED PRIMARILY TO RECEIVED SAVINGS FROM ITS MEMBERS IN THE FORM OF SHARES AND DEPOSITS. 7 7 85 7 0 0 0 0 0 0 10701669 13754610 2403921 3701613 13105590 17456223 0 0 0 0 2704163 3506415 0 0 0 8117242 10060191 10821405 13566606 2284185 3889617 305759931 311426730 234065150 234137458 71694781 77289272 A NON PROFIT ORGANIZATION ENGAGED PRIMARILY TO RECEIVED SAVINGS FROM ITS MEMBERS IN THE FORM OF SHARES AND DEPOSITS. false false 13566606 0 17456223 The credit union keeps providing financial services to its members and to the community. For year 2022 the loan portfolio increased by $28,777,889. The credit union is providing financing options to the members that need it. 0 0 0 0 0 0 0 0 0 13566606 false false false false false false false false false false true true false true true false true false false false false false false false false false false false false true false true false false false false false false false false false false false false true 0 0 false 85 true false false false false false false false 0 false false false false false false false 0 0 false false false 7 7 false false false false true true true true true false true true true true true true true true true true false PR X KERWIN MORALES 7874605308 PO BOX 99 CABO ROJO PR 006230099 Kerwin Morales Rivera Executive President 40.00 0.00 X 171950 0 0 Jorge I Ferrer Lopez VP of Finance 60.00 0.00 X 85029 0 0 Luisette Ayala Santana VP of Credit 60.00 0.00 X 60270 0 0 Mayra Figueroa Lopez Software System Manager 60.00 0.00 X 76618 0 0 Victor Mendez Zapata Internal Auditor 60.00 0.00 X 71651 0 0 Mariangely Cruz Aquino Human Resources Director 60.00 0.00 X 65331 0 0 530849 0 0 1 false true false Helvetia del Caribe 386 Calle Via 11 Carolina PR 00983 Software 703428 Synergi Partners PR LLC 53 Calle Las Palmeras San Juan PR 00901 Consulting 188753 2 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 0 0 0 0 13754610 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 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 0 0 0 3701613 0 0 0 3701613 17456223 0 0 0 0 0 0 0 0 0 0 0 530849 0 0 0 0 0 0 0 2575265 0 0 0 146047 0 0 0 0 0 0 0 254254 0 0 0 512524 0 0 0 128172 0 0 0 15000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 360238 0 0 0 131839 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 68451 0 0 0 1139360 0 0 0 0 0 0 0 751777 0 0 0 1204530 0 0 0 Repair & Maintenance 833618 0 0 0 Provision for Loan Losses 884250 0 0 0 ATH Management Fees 877504 0 0 0 Loss under special amortization 1089946 0 0 0 2062982 0 0 0 13566606 0 0 0 0 0 0 0 44471478 17787094 21106000 16956000 0 0 14984550 7440862 551008 581757 0 0 168420737 196456779 0 0 1197822 1439663 16556514 7941543 9048858 8614971 23782956 42384297 10287698 10564800 0 0 0 0 11908824 9200507 305759931 311426730 3794774 4307299 0 0 0 0 0 0 0 0 0 0 0 0 0 0 230270376 229830159 234065150 234137458 X 57011812 60196979 13833393 16092293 849576 1000000 71694781 77289272 305759931 311426730 3889617 0 0 0 0 1704874 X false true X true false 1571916 1571916 6601624 1820002 4781622 1653783 945712 708071 4688809 3438083 1250726 2040382 1737746 302636 8614971 C C Cooperativa de seguros multiples 2624861 C Banco Cooperativo de Puerto Rico 2028808 C Cooperativa de seguros de vida 2250489 C Fondo de inversion y desarrollo cooperativo 334040 C Cooperativa de servicios funebres 11896 C Liga de cooperativas de Puerto Rico 2606 C Circuito cooperativo 1000 C COSSEC 3311100 C 10564800 Repossessed Properties 3462519 Loss under special amortization 3197167 Goodwill 2490296 Materials Inventory 12620 Other 37905 9200507 Savings accounts 188116449 Certificates of deposit 19023027 Christmas and summer club 1641894 Checking accounts 21048789 229830159 17456223 0 17456223 0 17456223 13566606 0 13566606 0 13566606 false true X X false false false Kerwin Morales Rivera Executive President 135950 0 36000 0 0 0 8206 0 14700 0 194856 0 0 0 Part I Line 1a | Name :, Title:, Item Selected:, Description:| Kerwin Morales, The organization did not provide any of the services described in the list.| Part I Line 1b The organization did not provide any of the services described on the list. Part I Line 3 The salary of the Executive President has to be approved by the Board of Directors and has to be established on a written employment contract. Jorge Ferrer VP of Finance Various X 221095 199615 false true true Kerwin Morales Executive President Various X 99995 78530 false true true Ayment Medina Loan Officer Various X 202020 184196 false true true Yanira Colon Bonilla Employee Various X 40000 26963 false true true Avelisse Torres Negron Employee Various X 125995 92453 false true true 581757 Part VI, Line 6 The Cooperative has stock members. Each member contributes at least $120 in shares. Part VI, Line 7a The members of the organization has 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 first four months following the end of the fiscal year of the organization. Other committess are also elected on this annual meeting such as the supervisory committee. The board of directors is in charge of the governance decision of the organization. Part VI, Line 7b Any administrative matter presented by a member in the annual meeeting by means of a formal proposal which is approved by the majority of the voices will be mandatory for the present and absent members as long as it is in accordance with the general regulations of the institution and applicable laws. Part VI, Line 12c The compliance department and legal affairs office of the institution are in charge of the monitoring of the proccess transactions account details among other aspects related to conflict of interest. In accordance with the ethic code all employees are required to report any violation. Part VI, Line 15 The human resources department uses an external company which is contracted with the approval of the board of directors to perform an evaluation of all positions and salary wages of all employees. This evaluation includes an analysis of current job descriptions and salary wages in the market. Based on this analysis the company provide recommendations in a report to make any necessary adjustment. When a managerial position is hired the compensation is determined using this report. Only the board of directors decide the compensation of the executive president using the before mentioned report of any independent analysis that they deemed necessary. Part XI, Line 9 | Description:, Explanation:, Amount:| Change in net assets, The change in net assets is the result of surplus distribution, $1704874|