2024-11-15T14:18:14-07:00 2023-12-31 660913879 CPA Benjamin Rosario Rosario PO BOX 29248 65TH Infantry Station San Juan PR 00929 990 2023-01-01 660324225 COOPERATIVA DE AHORRO Y CREDITO DE MAYAGUEZ COOP 7878326555 PO BOX 416 MAYAGUEZ PUERTO RICO RQ 00681-0416 MILDRED PEREZ LEBRON PRESIDENTA EJECUTIVA 7878326555 2024-11-15 1 1 Benjamin Rosario P02289221 7879226222 2024-11-15 X 2023 2024-10-15 13:58:12Z MILDRED PEREZ LEBRON PO BOX 416 MAYAGUEZ PUERTO RICO RQ 009681-0416 8769209 0 X www.coopmayaguez.com X STATE CREDIT UNION 1969 PR PROVIDE QUALITY FINANCING AND SAVING SERVICES TO MEMBERS AND NONMEMBERS AS A COOPERATIVE. 7 7 42 7 0 8769209 0 0 0 0 3432905 4017881 1018917 4751328 4451822 8769209 0 0 0 0 1145742 1313971 0 0 0 3075803 3288299 4221545 4602270 230277 4166939 91409973 94051075 66844958 66130393 24565015 27920682 THE ORGANIZATION IS A CREDIT UNION THAT PROVIDES QUALITY FINANCING AND SAVING SERVICES TO MEMBERS AND NONMEMBERS. 0 0 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. 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 42 1 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 0 1 1 0 1 1 0 1 1 1 1 1 1 1 0 PR X COOPERATIVA DE AHORRO Y CREDITO DE MAYAGUEZ 7878326555 PO BOX 416 MAYAGUEZ PUERTO RICO RQ 00681-0416 MILDRED PEREZ LEBRON Presidenta Ejecutiva 40 X X 76249 0 0 ISRAEL VALENTIN DIRECTOR 4 X 0 0 0 OLGA M DOBLES BISBAL SECRETARY 4 X 0 0 0 ENRIQUE MATIAS President 4 0 X 0 0 0 MARTA IRIZARRY DIRECTOR 4 X 0 0 0 NANCY RODRIGUEZ GONZALEZ TREASURER 4 0 X 0 0 0 RAUL A PLA Vicepresident 4 X 0 0 0 RAFAEL CARO CARO SUBTREASURER 4 0 X 0 0 0 76249 0 0 0 0 0 0 0 0 0 3020304 3020304 0 0 997577 997577 0 0 0 0 0 0 0 0 0 0 FEDERAL FUNDS 900099 3853758 3853758 0 0 FEES TO MEMBERS 900099 897570 897570 0 0 0 0 0 0 4751328 8769209 8769209 0 0 76249 76249 0 945170 945170 32739 32739 169403 169403 90410 90410 46734 46734 15600 15600 90968 90968 168421 168421 45120 45120 12786 12786 64900 64900 30712 30712 260836 260836 84258 84258 299048 299048 BANK CHARGES 403678 0 403678 0 PROVISION FOR LOAN LOSSES 472193 0 472193 0 PR BOND LOSSES BASED ON LAW 220 722906 0 722906 0 ANNUAL LICENSES FOR CORE PROGRAM 132330 0 132330 0 437809 0 437809 0 4602270 0 4602270 0 633108 645409 15771770 15287598 2568745 445850 37860887 41357265 313625 285163 3327066 2451421 860618 875645 24330357 26896820 3624984 3802984 5445879 4454341 91409973 94051075 490057 461248 217318 239929 66137583 65429216 66844958 66130393 X 19979135 19350449 0 0 4585880 8570233 24565015 27920682 91409973 94051075 X 4166939 558178 0 0 0 -1369450 X 0 1 X 1 1 1 0 1 X 328690 0 328690 938013 0 795454 142559 0 0 0 0 1977871 0 1577762 400109 82492 0 78205 4287 875645 FORECLOSED ASSETS 240322 UNAMORTIZED LOSSES FROM PR BONDS LAW 220 4191100 DEPOSITS 22919 4454341 SAVINGS FROM MEMBERS AND NONMEMBERS 52262051 CHRISTMAS AND SUMMER CLUB 292430 CERTIFICATES OF DEPOSITS 10238163 CHECKING ACCOUNTS 2636572 65429216 X 8769209 0 0 0 0 0 8769209 0 0 0 8769209 4602270 0 0 0 0 0 4602270 0 0 0 4602270 Schedule D, Part IV, Line 2b ESCROW ACCOUNTS RELATED TO MORTGAGE LOANS DISBURSED TO MEMBERS. Schedule D, Part X, Line 2 NOT APPLICABLE Form 990, Part VI, Section A, Line 6 IN A STATE CREDIT UNION ALL DEPOSITORS ARE MEMBERS. Form 990, Part VI, Section A, Line 7a THE COOPERATIVE CELEBRATES EVERY YEAR AN ANNUAL MEETING IN WHICH MEMBERS (DEPOSITORS) ELECT MEMBERS OF THE GOVERNING BODY. Form 990, Part VI, Section B, Line 11b THE GENERAL MANAGER SHOWS THE RETURN TO THE BOARD OF DIRECTORS AND MAINTAIN A COPY WITHIN THE CREDIT UNION FACILITIES. Form 990, Part VI, Section B, Line 12c EVERY CREDIT UNION MUST REVIEW THEIR POLICIES WITHIN A THREE YEAR TIME FRAME DUE TO REGULATIONS. Form 990, Part VI, Section B, Line 15 THE ORGANIZATION HAS SALARY SCALES THAT ARE CONFORMING WITH OTHER SAME SIZE COOPERATIVES. THE BOARD OF DIRECTORS AFTER RIGOROUS DELIBERATION MADE A DECISION. Form 990, Part VI, Section C, Line 19 THE FINANCIAL STATEMENTS ARE PUBLIC BASED ON LAW 255 YEAR 2022. OTHER DOCUMENTS ARE AVAILABLE UPON REQUEST BUT BY FOLLOWING AN INTERNAL DOCUMENT PROCEDURE. Form 990, Part XI, Line 9 MEMBERS WITHDRAWALS TO SHARES (STATUTORY) BY $628,686, MEMBERS' DORMANT ACCOUNTS BY $243,650 AND CUMMULATIVE EFFECT OF NEW ACCOUNTING REQUIREMENT BY $984,414. NOT APPLICABLE AN EXTENSION WAS FILED.