2024-07-23T16:12:53-07:00 2023-12-31 660722537 Llavona Casas CPA PSC CENTRO INTERNACIONAL DE MERCADEO 100 CARR 165 TORRE 1 SUITE 708 GUAYNABO PR 00968 990 2023-01-01 660213182 COOPERATIVA DE AHORRO Y CREDITO DE AIBONITENA COOP 7877354131 PO BOX 422 AIBONITO PR 00705 CARLOS F ORTIZ DIAZ PRESIDENT 7877354131 2024-07-17 1 1 Fernando Llavona P01474680 7877648664 2024-07-03 X 2023 2024-08-08 14:25:15Z CARLOS F ORTIZ DIAZ CALLE JOSE C VAZQUEZ 100 AIBONITO PR 00705 12455933 0 X X 1950 PR IT IS A NON PROFIT ORGANIZATION AND IS PRIMARILY DEDICATED TO RECEIVE SAVINGS FROM ITS MEMBERS IN THE FORM OF SHARES AND DEPOSITS. 9 9 42 0 0 0 0 0 0 0 6314749 7728556 1504702 4727377 7819451 12455933 0 0 0 0 1741728 1842310 0 0 0 4399446 7533257 6141174 9375567 1678277 3080366 142745242 150333661 114211834 120406091 28533408 29927570 SAVINGS AND CREDIT UNION OPERATION 0 0 INTEREST INCOME AND OTHER INCOME OF $12,455,933 AND TOTAL EXPENSES OF $9,375,557. 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 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 42 1 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 1 1 0 0 1 1 0 1 0 PR X COOP AHORRO Y CREDITO AIBONITO 7877354131 PO BOX 422 AIBONITO PR 00705 CARLOS F ORTIZ DIAZ PRESIDENT 55 0 X 120000 0 0 HAROL O COLON VP OF OPERATION 55 0 X 59238 0 0 JESSICA ARROYO ALVARADO MANAGER OF CREDIT 55 0 X 50003 0 0 229241 0 0 1 0 0 1 GENESIS GREEN SYSTEMS CORP 634 Calle Aldebarran SAN JUAN PR 00920 INSTALLATION OF SOLAR PANELS 245698 1 0 0 7728556 7728556 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4727377 4727377 0 0 4727377 12455933 12455933 0 0 X 229241 229241 1391853 1391853 74589 74589 146627 146627 0 140599 140599 435523 435523 153163 153163 54190 54190 1055552 1055552 331807 331807 614035 614035 UTILITIES 141871 0 141871 0 REPAIR AND MAINTENANCE 449632 0 449632 0 HEALT PLAN 196590 0 196590 0 PROVISION OF BAD LOANS 670978 0 670978 0 3289317 3289317 9375567 0 9375567 0 18506009 18209030 6400000 6650000 455720 280291 92936548 99416839 5536489 3764293 1812375 1772196 14896455 17369779 3991020 4173069 3747115 2462457 142745242 150333661 712489 877594 113499345 119528497 114211834 120406091 X 20570315 20869080 7713093 8608490 250000 450000 28533408 29927570 142745242 150333661 X 3080366 0 0 0 0 -1686204 X 0 1 X 0 0 70000 0 70000 1441374 0 1192923 248451 1979407 0 1325605 653802 1934055 0 1177115 756940 111653 0 68650 43003 1772196 DEPOSITS 88575138 CERTIFICATED OF DEPOSITS 30953359 119528497 12455933 0 0 0 0 0 12455933 0 0 0 12455933 9375567 0 0 0 0 0 9375567 0 0 0 9375567 0 0 0 CARLOS F ORTIZ DIAZ PRESIDENT 119988 0 0 0 0 0 0 0 0 0 119988 0 0 0 CARLOS F ORTIZ DIAZ PRESIDENT AUTO LOAN X 39254 12799 0 1 1 CARLOS F ORTIZ DIAZ PRESIDENT MORTGAGE LOAN X 144000 24912 0 1 1 CARLOS F ORTIZ DIAZ PRESIDENT CONASUMER LOAN X 10000 8445 0 1 1 CARLOS F ORTIZ DIAZ PRESIDENT CONSUMER LOAN X 2048 702 0 1 1 CARLOS F ORTIZ DIAZ PRESIDENT AUTO LOAN X 43800 42652 0 1 1 JESSICA ARROYO ALVARADO MANAGER OF CREDIT MORTGAGE LOAN X 85000 60889 0 1 1 JESSICA ARROYO ALVARADO MANAGER OF CREDIT CONSUMER LOAN X 15000 7185 0 1 1 JESSICA ARROYO ALVARADO MANAGER OF CREDIT CONSUMER LOAN X 25000 23325 0 1 1 JESSICA ARROYO ALVARADO MANAGER OF CREDIT CONSUMER LOAN X 2500 2271 0 1 1 HAROL OSLVADO COLON FONTANEZ VP OPERATIONS CONSUMER LOAN X 20001 16779 0 1 1 HAROL OSLVADO COLON FONTANEZ VP OPERATION MORTGAGE LOAN X 62802 54260 0 1 1 HAROL OSLVADO COLON FONTANEZ VP OPERATIONS CONSUMER LOAN X 25000 23072 0 0 0 HAROL OSLVADO COLON FONTANEZ VP OPERATIONS CONSUMER LOAN X 3000 3000 0 1 1 280291 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 15 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 C, Line 19 - EACH YEAR THE ORGANIZATION 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 DIRECTORS WITH MEMBERS. FINANCIAL STATEMENTS ARE AVAILABLE FOR EACH MEMBER AT THE ANNUAL MEETING Form 990, Part IX, Line 24e EDUCATION EXPENSES $20,845; DIRECTOR EXPENSES $54,190; ACTIVITIES $35,835; DONATIONS $55,789; CREDIT REPORT $22,508,; MAINTENANCE OF ATM AND MASTER CARD $ 390,821; BANK FEES $70,957; BOARD DIRECTOR EXPENSES $119,479 PROVISION LOSSES REPOSSESSION PROPERTIES $11,099; ELIMINATION ON SPECIAL AMORTIZATION LAW 220 $2,290,843, OTHER EXPENSES $306,976. Form 990, Part XI, Line 9 - INCREASES IN SHARE $298,765; INCREASES IN CAPITAL RESERVE $19,402; DECREASES IN TEMPORAL ESPECIAL -$1,086,440 INCREASES IN RESERVE FOR SOCIAL CAPITAL $29,905; INCREASES IN CONTINGENCY RESERVE $1,797,436; INCREASES IN CONTINGENCY RESERVE 10% $38,803; INCREASES IN COMPRESSING INCOME $96,291, SURPLUS $-2,880,366.