Cooperativa De Ahorro Y Credito De Mayaguez

Organization Overview

Cooperativa De Ahorro Y Credito De Mayaguez is located in Mayaguez, PR. The organization was established in 0000. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Cooperativa DE Ahorro Y Credito DE Mayaguez employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cooperativa DE Ahorro Y Credito DE Mayaguez is a 501(c)(16) and as such, is described as a "Cooperative Organization to Finance Crop Operations" by the IRS.

For the year ending 12/2021, Cooperativa DE Ahorro Y Credito DE Mayaguez generated $4.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $3.7m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE QUALITY FINANCING AND SAVING SERVICES TO MEMBERS AND NONMEMBERS AS A COOPERATIVE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

REVENUES EARNED FROM LENDING AND SERVICES PROVIDED TO MEMBERS, ALSO FROM INVESTING ACTIVITIES. MEMBERS RECEIVE INTEREST PAYMENTS FOR THEIR DEPOSITS HELD IN THE STATE CREDIT UNION.


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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 $3,420,867
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 $4,205,135

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Cooperativa De Ahorro Y Credito De Mayaguez has recieved totaling $7,000.

Awarding OrganizationAmount
Inclusiv Inc

New York, NY

PURPOSE: CREDIT UNION IMPACT CAPACITY BUILDING

$7,000
View Grant Recipient Profile

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