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EIN 66-0206444

Cooperative de Ahorro Y Credito de Lares

IRS 501(c) type
501(c)(14)
Num. employees
75
City
Lares
State
Puerto Rico
Year formed
1949
Most recent tax filings
2022-12-01
NTEE code, primary
W60: Financial Institutions, Credit Unions
Description
Cooperativa de Ahorro Y Credito de Lares is a non-profit organization primarily dedicated to receiving savings from its members in the form of shares and deposits. It operates as a savings and credit union and boasts programs that generate interest income and other income totaling $12,993,672, while keeping total expenses at $8,430,499.
Also known as...
Cooperativa de Ahorro Y Credito de Lares; 1 Calle Virgilio Acevedo; Cooperativa A C Lares; De Lare
Total revenues
$12,301,363
2022
Total expenses
$9,119,157
2022
Total assets
$209,138,285
2022
Num. employees
75
2022

Program areas at Cooperative de Ahorro Y Credito de Lares

Interes income and other income of $12,301,363 and total expenses of $9,119,157.

Personnel at Cooperative de Ahorro Y Credito de Lares

NameTitleCompensation
Jose J Mercado MedinaManager of Operations$69,526
Carlos J Centeno PerezManager of Deparmet Con System$73,293
Eduard Irizarry JimenezManager$48,030
Jhonny Montanez VargasController$63,965
Enid G Soto VelazquezOficcer of Complience$57,406
...and 1 more key personnel

Financials for Cooperative de Ahorro Y Credito de Lares

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$0
Investment income and dividends$9,782,263
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$2,519,100
Total revenues$12,301,363

Form 990s for Cooperative de Ahorro Y Credito de Lares

Fiscal year endingDate received by IRSFormPDF link
2022-122023-06-30990View PDF
2021-122022-07-01990View PDF
2020-122021-08-19990View PDF
2019-122020-09-02990View PDF
2018-122019-10-12990View PDF
...and 9 more Form 990s

Organizations like Cooperative de Ahorro Y Credito de Lares

OrganizationLocationRevenue
Premier Credit UnionPalatine, IL$5,717,485
Golden Plains Credit UnionGarden City, KS$44,194,863
Kansas City Credit UnionKansas City, MO$3,993,380
Telcomm Credit UnionSpringfield, MO$13,563,264
University of Illinois Community Credit UnionChampaign, IL$29,419,590
Navigator Credit UnionPascagoula, MS$26,230,497
Azura Credit UnionTopeka, KS$38,277,046
Western Cooperative Credit UnionWilliston, ND$16,661,044
Journey Credit UnionDes Moines, IA$4,038,666
Allegan Credit UnionAllegan, MI$3,340,217
Data update history
December 4, 2023
Posted financials
Added Form 990 for fiscal year 2022
November 27, 2023
Used new vendors
Identified 1 new vendor, including
July 17, 2023
Posted financials
Added Form 990 for fiscal year 2021
May 8, 2023
Updated personnel
Identified 1 new personnel
August 14, 2022
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Credit unionsHeadquarter / parent organizations
Issues
No issues found
Characteristics
State / local level
General information
Address
PO Box 362
Lares, PR 00669
Metro area
Aguadilla-Isabela, PR
Website URL
larcoop.com/ 
Phone
(787) 897-2220
IRS details
EIN
66-0206444
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1949
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Independent
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