2023-06-30T12:11:18-07:00 2022-12-31 660722537 Llavona Casas CPA PSC CENTRO INTERNACIONAL DE MERCADEO TORRE 1 100 CARR 165 SUITE 78 GUAYNABO PR 00968 990 2022-01-01 660206444 COOPERATIVE DE AHORRO Y CREDITO DE LARE COOP 7878972220 PO Box 362 LARES PR 006692505 CARLOS DE JESUS EXECUTIVE PRESIDENT 7878972220 2023-06-30 1 1 Fernando Llavona P01474680 7877648664 2023-06-28 X 1 11 0 AAL2 2022 2023-04-26 12:10:37Z CARLOS DE JESUS PO Box 362 LARES PR 006692505 12301363 0 X LARCOOP.COM X 1949 PR IT IS A NON PROFIT ORGANIZATION AND IS PRIMARILY DEDICATED TO RECEIVE SAVINGS FROM ITS MEMBERS IN THE FORM OF SHARES AND DEPOSITS. 11 11 75 0 0 0 0 0 0 0 9432258 9782263 3561414 2519100 12993672 12301363 0 0 0 0 2596288 2980277 0 0 0 5834211 6138880 8430499 9119157 4563173 3182206 207270857 209138285 150430628 156690447 56840229 52447838 SAVINGS AND CREDIT UNION OPERATION 0 0 INTERES INCOME AND OTHER INCOME OF $12,301,363 AND TOTAL EXPENSES OF $9,119,157. 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 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 75 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 COOP AHORRO Y CREDITO LARES 7878972220 PO Box 362 LARES PR 006692505 CARLOS DE JESUS PRESIDENT 40 0 X 142295 0 0 CARLOS J CENTENO PEREZ MANAGER OF DEPARMET CON SYSTEM 40 0 X 73293 0 0 JOSE J MERCADO MEDINA MANAGER OF OPERATIONS 40 0 X 69526 0 0 ISRAEL RIVERA RIVERA MANAGER 40 0 X 66490 0 0 JHONNY MONTANEZ VARGAS CONTROLLER 40 0 X 63965 0 0 PEDRO A SANTIAGO RIVERA MANAGER 40 0 X 61372 0 0 ENID G SOTO VELAZQUEZ OFICCER OF COMPLIENCE 40 0 X 57406 0 0 JAHEIRA CUEVAS ACCOUNTING SUPERVISOR 40 0 X 54324 0 0 JEANNETTE JIMENEZ RODRIGUEZ MANAGER 40 0 X 51384 0 0 EDUARD IRIZARRY JIMENEZ MANAGER 40 0 X 48030 0 0 688085 0 0 1 0 0 0 SHERIFF SECURITY SERVICES INC CARR 1 KM 19 9 BO TORTUGO RIO PIEDRAS PR 00926 SECURITY 129629 HELVETIA DEL CARIBE INC Via 11 Esq Viviana Centro Com II Villa Fontana CAROLINA PR 00983 PROGRAM SERVICES 155307 2 0 0 9782263 9782263 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2519100 2519100 0 0 2519100 12301363 12301363 0 0 X 688085 688085 1774926 1774926 119689 119689 162400 162400 235177 235177 174040 174040 180234 180234 159807 159807 70414 70414 17444 17444 89763 89763 466118 466118 637583 637583 814776 814776 UTILITIES 350635 0 350635 0 MAINTENANCE EQUIPMENT 358134 0 358134 0 PROVISION OF BAD LOANS 1350000 0 1350000 0 MAINTENANCE OF ATM SYSTEM 309921 0 309921 0 1160011 0 1160011 0 9119157 0 9119157 0 35409142 30392451 1050000 1450000 113587377 118613415 512886 401082 22509421 7891110 14947912 14618311 33558721 35183452 5609983 5696935 2594836 2782639 207270857 209138285 1191189 1886806 149239439 154803641 150430628 156690447 X 39066877 39741442 17403914 12345794 369438 360602 56840229 52447838 207270857 209138285 X 3182206 0 0 0 0 -7574597 X 0 1 X 1 0 1923597 0 1923597 15193883 0 3031459 12162424 946220 0 748265 197955 4313146 0 3987509 325637 132575 0 123877 8698 14618311 DEPOSITS AND CERTIFICATED OF DEPOSITS 154803641 154803641 12301363 0 0 0 0 0 12301363 0 0 0 12301363 9119157 0 0 0 0 0 9119157 0 0 0 9119157 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 ALSO THE CEO HAS AN EMPLOYMENT FORMAL CONTRACT OR AGREEMENT EACH YEAR 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 EXPENDITURE OF MANAGEMENT CREDIT CARD $251,672; BANK SERVICES $34,342; DIRECTOR EXPENSES $115,640; SERVICES OF CREDIT REPORTS $36,715; DONATIONS $12,809; FREIGHT OF FUNDS $30,899; SECURITY 127,693; PUBLIC RELATION $141,632;EDUCATION $92,370; PROVISION AND LOSSES ON PROPERTY SALES REPOSSESSED $50,022; OTHER EXPENSES $266,214. Form 990, Part XI, Line 9 INCREASES IN SHARE $674,565; INCREASES RESERVE CAPITAL INDIVISIBLE $159,110; INCREASES IN RESERVE CONTIGENCIES OF 10% OF NET INCOME $318,221; INCREASES IN CONTIGENCIES RESERVE $2,344,273; DECREASESIN CAPITAL SOCIAL $-130,642; DECRESES UNREALIZED LOSS $-7,749,082; SURPLUS $-3,191,042.