Cooperativa De Ahorro Y Credito Cristobal Rodriguez Hidalgo
- Assets
- $118.7m
- Revenue
- $6.6m
- Investments
- $19.9m
- Employees
- 39
- Location
- Coamo, PR
- Founding
- Data as of
- 12/2021
- EIN
- 66-0266868
Organization Overview
Cooperativa De Ahorro Y Credito Cristobal Rodriguez Hidalgo is located in Coamo, PR. As of 12/2021, Cooperativa DE Ahorro Y Credito Cristobal Rodriguez Hidalgo employed 39 individuals. Cooperativa DE Ahorro Y Credito Cristobal Rodriguez Hidalgo is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.
For the year ending 12/2021, Cooperativa DE Ahorro Y Credito Cristobal Rodriguez Hidalgo generated $6.6m in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $4.8m during the year ending 12/2021. While expenses have increased by 2.9% per year over the past 2 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FINANCIAL SERVICES SUCH AS LOANS AND SAVINGS ACCOUNTS TO THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION HAS PROVIDED LOANS TO THE COMMUNITY IN GENERAL. FOR THE YEAR ENDED 2021 THE LOANS INCREASED BY $13,475,700.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Miguel A Colon Robles Executive President | 40 | $116,000 | |
Juan J Aulet Robles Finance And Accounting VP | Officer | 40 | $65,281 |
Gloria I Vazquez Rivera Vicepresident | Officer | 40 | $56,815 |
Nelson Reyes Figueroa Branch Manager | Officer | 40 | $46,134 |
Americo Flores Colon Branch Manager | Officer | 40 | $46,012 |
Doris Hernandez Rodriguez Compliance Officer | Officer | 40 | $42,314 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $5,577,463 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,629,804 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $431,712 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,004,822 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,932 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $251,046 |
| Advertising and promotion | $230,138 |
| Office expenses | $52,304 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $84,403 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $75,166 |
| Interest | $342,194 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $245,427 |
| Insurance | $415,562 |
| All other expenses | $523,656 |
| Total functional expenses | $4,825,569 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,615,047 |
| Savings and temporary cash investments | $4,200,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $75,917,555 |
| Loans from Officers, Directors, or Controlling Persons | $349,721 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,503,754 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $19,860,232 |
| Investments—program-related | $2,212,837 |
| Intangible assets | $0 |
| Other assets | $2,004,844 |
| Total assets | $118,663,990 |
| Accounts payable and accrued expenses | $1,477,540 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $77,292,246 |
| Total liabilities | $78,769,786 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $29,819,248 |
| Paid-in or capital surplus, or land, building, or equipment fund | $9,335,219 |
| Retained earnings, endowment, accumulated income, or other funds | $739,737 |
| Total liabilities and net assets/fund balances | $118,663,990 |
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|---|---|---|
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Liga Puertorriquena Contra El Cancer San Juan, PR | $38,669,713 | $26,629,150 |
Universidad Central Del Caribe Inc Bayamon, PR | $35,289,249 | $27,377,681 |
Cooperativa De Ahorro Y Credito Oriental Humacao, PR | $433,041,205 | $23,460,952 |
Centros Sor Isolina Ferre Inc Ponce, PR | $22,315,489 | $16,849,878 |
Corp Serv Med Prim Y Prev De Hatillo Hatillo, PR | $36,236,018 | $21,541,946 |
Caribbean University Bayamon, PR | $48,412,485 | $17,932,008 |
Puerto Rico Legal Services Incorporated San Juan, PR | $18,895,657 | $19,069,485 |
Boys & Girls Clubs Of Puerto Rico Inc Carolina, PR | $20,563,847 | $15,690,113 |
Baldwin School Of Puerto Rico Inc Bayamon, PR | $21,469,124 | $15,474,261 |
Cooperative De Ahorro Y Credito De Barranquitas Barranquitas, PR | $321,931,771 | $17,940,942 |
Alianza Municipal De Servicios Caguas, PR | $4,966,942 | $12,673,262 |