2025-08-12T09:26:47-07:00 2024-12-31 660722537 Llavona Casas CPA PSC CENTRO INTERNACIONAL DE MERCADEO 100 CARR 165 TORRE 1 SUITE 708 GUAYNABO PR 00968 990 2024-01-01 660220429 COOPERATIVA DE AHORRO Y CREDITO DE MANATI INC COOP 7878542214 PO BOX 30562 MANATI PR 00674 CANDIDO RIVERA EXECUTIVE PRESIDENT 7876228855 2025-08-04 1 1 Fernando Llavona P01474680 7877648664 2025-08-12 2024 2025-03-06 01:10:19Z CANDIDO RIVERA PO BOX 30562 MANATI PR 00674 23873690 0 X WWW.COOPMANATI.COM X CREDIT UNION 1948 PR TO OBTAIN SAVINGS DEPOSITS FROM ITS MEMBERS AS SHARES AND DEPOSITS AND OFFER FINANCING SOURCES FOLLOWING THE COOPERATIVE MOVEMENT PHILOSOPHY. 9 9 117 9 0 0 3000000 0 13317182 0 1514221 17620157 3365296 6253533 21196699 23873690 0 0 0 0 4219464 4673841 0 0 0 11002752 13852198 15222216 18526039 5974483 5347651 295329329 312426829 242958667 254192872 52370662 58233957 TO OBTAIN SAVINGS DEPOSITS FROM ITS MEMBERS AS SHARES AND DEPOSITS AND OFFER FINANCING SOURCES FOLLOWING THE COOPERATIVE MOVEMENT PHILOSOPHY. 0 0 DURING THE FISCAL YEAR ENDED DECEMBER 31, 2024, THE INSTITUTION OBTAINED DEPOSITS FROM MEMBERS AND CONTINUED PROVIDING TO THEM AND THE COMMUNITY FINANCING SOURCES ALTERNATIVES WITH LOANS AT AFFORDABLE TERMS AS WELL AS ACCESSIBILITY TO TECHNOLOGY IN CHECKING, SAVING AND CREDIT PRODUCTS TO MANAGE THEIR PERSONAL FINANCES. 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 117 1 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 PR X COOPERATIVA A C DE MANATI 7878542214 68 PASEOS DEL ATENAS MANATI PR 00674 CANDIDO RIVERA LOPEZ EXECUTIVE PRESIDENT 0 40 X 168600 0 0 ANDERSON MARTINEZ COLON VICE PRESIDENT OF FINANCE 0 40 X 75075 0 0 JOSEAN PAGAN KUILAN VICE PRESIDENT OF OPERATIONS 0 40 X 65272 0 0 SORRY ADROVET VICE PRESIDENT PRESIDENT COMMERCIAL AND MORTGAGE 0 40 X 55997 0 0 MILAGROS ROMERO VICE PRESIDENT ADMINISTRATION 40 0 X 51895 0 0 IRIS ROMERO DEPARTMENT MANAGER SYSTEMS 40 0 X 48105 0 0 NORAIDA RODRIGUEZ CONCEPCION OFFICE COMPLIANCE 40 0 X 45765 0 0 BRIGMARIAN SANCHEZ HUMAN RESOURCES OFFICER 40 0 X 43856 0 0 MARIA MELENDEZ ZAYAS LOAN MANAGER 40 0 X 42978 0 0 DIANA NEGRON JIMENEZ INTERNAL AUDITOR 40 0 X 42894 0 0 VANESSA ROMERO BRANCH MANAGER MANATI PLAZA 40 0 X 40562 0 0 SHERLY MUNOZ SUC MANAGER VEGA BAJA 40 0 X 40444 0 0 YOLANDA OTERO BRANCH MANAGER BARCELONETA 40 0 X 37350 0 0 EMILY CARNEVALE BRANCH MANAGER CALES CENTER 40 0 X 37041 0 0 SAGER RODRIGUEZ BRANCH MANAGER EXPRESS CIALES 40 0 X 35046 0 0 LUIS ROBLES DEPARTMENT MANAGER COLLECTIONS 40 0 X 34722 0 0 ZALLIA CARDONA EXECUTIVE SECRETARY 40 0 X 32175 0 0 RICARDO ALVAREZ CLAS BOARD OF DIRECTORS 0 0 X 0 0 0 JOEL ROLON ALINDATO BOARD OF DIRECTORS 0 0 X 0 0 0 CARLOS COLON RAMOS BOARD OF DIRECTORS 0 0 X 0 0 0 ANIBAL DELGADO BOARD OF DIRECTORS 0 0 X 0 0 0 DORIS CLASS BOARD OF DIRECTORS 0 0 X 0 0 0 HECTOR AULET MEJIAS BOARD OF DIRECTORS 0 0 X 0 0 0 HERIBERTO MARTINEZ GONZALEZ BOARD OF DIRECTORS 0 0 X 0 0 0 CARMEN SOTO CABAN BOARD OF DIRECTORS 0 0 X 0 0 0 ANGEL NOGUERAS BOARD OF DIRECTORS 0 0 X 0 0 0 897777 0 0 1 0 1 0 NMP CONTRATISTA LLC URB LAS PRADERAS AGUMARINA 1220 BARCELONETA PR 00617 CONTRACTOR 106223 AQUARHIO SYSTEMS LLC PO BOX 611136 MIAMI FL 33261 SYSTEM IF INFORMATION 131395 2 0 0 17620157 17620157 0 0 0 0 0 0 0 0 0 0 0 0 0 0 USE OF SPECIAL TEMPORARY RESERVE 522130 1838755 1838755 0 0 CREDIT CARD, ATM NETWORK AND E-TRANSATION MANAGEMENT INCOME 522130 1197554 1197554 0 0 DIVIDENDS AND SPONSORSHIP 522130 1181314 1181314 0 0 2035910 2035910 0 0 6253533 23873690 23873690 0 0 X 897777 897777 0 2787694 2787694 214739 214739 411819 411819 361812 361812 704404 704404 502622 502622 159750 159750 149241 149241 142561 142561 127987 127987 93416 93416 4233096 0 4233096 0 0 817308 817308 1212567 1212567 GOODWILL AMORTIZATION 524900 0 524900 0 BANK CHARGES 506738 0 506738 0 REPAIRS AND MAINTENANCE 502064 0 502064 0 CREDIT CARD MANAGEMENT EXPENSES 455698 0 455698 0 3719846 0 3719846 0 18526039 0 18526039 0 11406857 8566067 7800000 6550000 301958 184839274 212769067 22532813 10386477 9272285 12146336 46723196 43903212 15758052 16507997 19529665 11682192 295329329 312426829 5421848 6213252 237536819 247979620 242958667 254192872 X 37786384 41124298 0 0 14584278 17109659 52370662 58233957 295329329 312426829 X 5347651 -372408 0 0 0 888052 X 0 1 X 1 0 2899012 0 2899012 5109520 0 775381 4334139 6835214 0 4125167 2710047 7488778 0 5397359 2091419 200289 0 88570 111719 12146336 INVESTMENT IN PR COOPERATIVE ENTITIES 16507997 C 16507997 DEPOSITS AND SAVINGS CERTIFICATES 247979620 247979620 23873690 0 0 0 0 0 23873690 0 0 0 23873690 18526039 0 0 0 0 0 18526039 0 0 0 18526039 0 0 0 CANDIDO RIVERA LOPEZ EXECUTIVE PRESIDENT 168600 0 0 0 0 0 0 0 0 0 168600 0 0 0 Form 990, Part VI, Section A, Line 6 THE ORGANIZATION HAS MEMBERS CALLED "SOCIOS" WHO JOIN VOLUNTARILY TO MEET THEIR ECONOMIC AND SOCIAL NEEDS. MEMBERS MUST CONTRIBUTE AT LEAST $10 IN SHARES (PAR VALUE) UPON ADMISSION AND AT LEAST $120 ANNUALLY TO ENJOY MEMBER'S BENEFITS. Form 990, Part VI, Section A, Line 7a THE ORGANIZATION'S MEMBERS HAVE THE POWER TO NOMINATE AND ELECT THE MEMBERS OF THE BOARD OF DIRECTORS AT THE ANNUAL MEMBER MEETING. THE BOARD OF DIRECTORS IS IN CHARGE OF GOVERNANCE DECISIONS OF THE ORGANIZATION. Form 990, Part VI, Section B, Line 11b THE RETURN IS REVISED BY THE COMPTROLLER OF THE INSTITUTION. THE EXECUTIVE PRESIDENT AND THE PRESIDENT OF THE BOARD OF DIRECTORS ARE THEN NOTIFIED THAT THE RETURN WAS PREPARED IN ACCORDANCE WITH ALL IRS REQUIREMENTS AND IS AVAILABLE FOR THEIR REVIEW, AS WELL AS THAT OF ANY MEMBERS OF THE BOARD OF DIRECTORS. Form 990, Part VI, Section B, Line 12c THE COMPLIANCE DEPARTMENT OF THE INSTITUTION IS IN CHARGE OF MONITORING THE PROCESS, TRANSACTIONS, AND ACCOUNT DETAILS, AMONG OTHER ASPECTS, RELATED TO MATTERS RELATED TO CONFLICT OF INTEREST. IN ACCORDANCE WITH THE ETHIC CODE, ALL EMPLOYEES AR REQUIRED TO REPORT ANY VIOLATION. Form 990, Part VI, Section B, Line 15 THE COMPENSATION IS ASSESSED AND COMPARED USING DATA OF SIMILAR POSITIONS IN OTHER CREDIT UNIONS IN PUERTO RICO. Form 990, Part VI, Section C, Line 19 THE CREDIT UNION HAS AVAILABLE ITS FINANCIAL STATEMENTS, MEMBERS, MANUAL, BROCHURE, AND PRIVACY POLICY FOR PUBLIC INSPECTION. Form 990, Part IX, Line 24e ELIMINATION OF LOSS UNDER SPECIAL AMORTIZATION $1,838,755; CURRENT AMORTIZATION OF LOSS UNDER SPECIAL AMORTIZATION ACT 220 2015 $206,250; UTILITIES $406,361; ATM NETWORK AND E-TRANSACTION MANAGEMENT EXPENSES $245,130; SALES TAX $137,593; GOVERNING BODIES EXPENSE $62,867; CREDIT REPORT SERVICES $46,030; DONATIONS AND COMMUNITY AIDS $17,069; HAULING OF FUNDS AND FREIGHT $63,774; SECURITY AND VIGILANCE $82,082; EMPLOYEE ACTIVITIES $76,450; COOPERATIVE EDUCATION AND SEMINARS $66,409; CONTRIBUTION TO LIGA DE COOPERATIVAS DE PUERTO RICO $7,500; REPAIRS TO REPOSSESSED PROPERTIES $91,428; ALLOWANCE AND LOSS IN SALES OF REPOSSESSED PROPERTIES $90,831; OTHER EXPENSES $281,317 Form 990, Part XI, Line 9 ADDITIONAL INVESTMENT IN SHARES FROM MEMBERS $6,949,791; SHARES WITHDRAWALS FROM MEMBERS ($5,382,377); UNDISTRIBUTED EARNINGS CAPITALIZED INTO SHARES $550,000; PREFERRED SHARES EMITTED NET $1,220,500; CLAIMED ACCOUNTS PREVIOUSLY TRANSFERRED TO INDIVISIBLE CAPITAL RESERVE $276,383; CONTRIBUTION TO INDIVISIBLE CAPITAL RESERVE $267,383; CONTRIBUTION TO CONTINGENCY RESERVE $534,765; RELEASE F SPECIAL TEMPORARY RESERVE AS OTHER INCOME $1,838,755; TRANSFER OF SPECIAL TEMPORARY RESERVE TO CONTINGENCY RESERVE ($714,707); SPECIAL TEMPORARY RESERVE TRANSFERRED TO CONTINGENCY RESERVE $714,707; UNDISTRIBUTED EARNINGS TRANSFERRED TO CONTINGENCY RESERVE $3,908,003; DIVIDENDS DECLARED UPON PREFERRED SHARES; (337,500); OTHER CHANGES IN UNDISTRIBUTED EARNINGS ($5,260,151)