Cooperativa Ahorro Y Credito Pepiniana
- Assets
- $116.5m
- Revenue
- $5.4m
- Investments
- $3.1m
- Employees
- 21
- Location
- San Sebastian, PR
- Founding
- 07/1986
- Data as of
- 12/2023
- EIN
- 66-0312690
Organization Overview
Cooperativa Ahorro Y Credito Pepiniana is located in San Sebastian, PR. The organization was established in 1986. According to its NTEE Classification (W60) the organization is classified as: Financial Institutions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2023, Cooperativa Ahorro Y Credito Pepiniana employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cooperativa Ahorro Y Credito Pepiniana 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 12/2023, Cooperativa Ahorro Y Credito Pepiniana generated $5.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $4.7m during the year ending 12/2023. While expenses have increased by 3.1% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FINANCIAL SERVICES AS LOANS SAVINGS AND ACCOUNTS MAINLY TO LOW-INCOME SECTOR OF PEOPLE IN PUERTO RICO. ALSO CREDIT UNION MAKE A SOCIAL INVESTMENT IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTEREST INCOME AND OTHER INCOME $5,412,427 AND TOTAL EXPENSES $4,671,211.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wilson Feliciano Executive President | 40 | $131,149 | |
Angel Aviles Gonzalez Accounting Director | Officer | 40 | $63,700 |
Hector Duran Pitre Loan Manager | Officer | 40 | $38,365 |
Gloria E Torres Torres Compliance Officer | Officer | 40 | $32,822 |
Juan M Nunez Marquez Operation Manager | Officer | 40 | $37,886 |
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 | $4,746,436 |
| 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 | $5,412,427 |
| 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. | $303,922 |
| Compensation of current officers, directors, key employees. | $303,922 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $345,189 |
| Pension plan accruals and contributions | $27,128 |
| Other employee benefits | $0 |
| Payroll taxes | $59,665 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $103,679 |
| Advertising and promotion | $46,948 |
| Office expenses | $48,186 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,200 |
| Interest | $1,162,915 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $233,810 |
| Insurance | $553,626 |
| All other expenses | $511,608 |
| Total functional expenses | $4,671,211 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,027,095 |
| Savings and temporary cash investments | $7,678,772 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $377,352 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $71,119,819 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,486,072 |
| Investments—publicly traded securities | $18,286,368 |
| Investments—other securities | $3,141,694 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,368,533 |
| Total assets | $116,485,705 |
| Accounts payable and accrued expenses | $861,026 |
| 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 | $100,916,082 |
| Total liabilities | $101,777,108 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $13,092,094 |
| Paid-in or capital surplus, or land, building, or equipment fund | $3,898,559 |
| Retained earnings, endowment, accumulated income, or other funds | -$2,282,056 |
| Total liabilities and net assets/fund balances | $116,485,705 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cooperativa De Ahorro Y Credito Camuy Camuy, PR | $320,383,128 | $20,587,482 |
Cooperativa De Ahorro Y Credito De Isabela Isabela, PR | $359,459,273 | $14,103,746 |
Cooperativa De Ahorro Y Credito Dr M Zeno Gandia Arecibo, PR | $275,358,165 | $16,104,186 |
Cooperativa De Ahorro Y Credito San Rafael De Que Quebradillas, PR | $226,668,640 | $20,006,028 |
Cooperative De Ahorro Y Credito De Lare Lares, PR | $222,090,136 | $15,865,234 |
Cooperativa De Ahorro Y Credito De Manati Inc Manati, PR | $217,103,471 | $12,946,475 |
Cooperativa De Ahorro Y Credito Maunabo Maunabo, PR | $235,618,166 | $16,255,291 |
Cooperative Ahorro Y Credito De Aguadilla Aquadilla, PR | $148,392,243 | $8,169,219 |
Cooperativa De Ahorro Y Credito Hatillo Hatillo, PR | $149,166,933 | $7,701,719 |
Cooperativa Ahorro Y Credito Pepiniana San Sebastian, PR | $116,485,705 | $5,412,427 |
Cooperativa De Ahorro Y Credito Morovena Morovis, PR | $105,307,292 | $8,648,954 |