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Nonprofit · EIN 66-0217489

COOPERATIVE AHORRO Y CREDITO DE AGUADILLA

Tax-exempt · AGUADILLA, PR 00605

Financials

$8.2M$7.3M2023$11.2M$8M2024
Revenue Expenses · by fiscal year end
Financials of COOPERATIVE AHORRO Y CREDITO DE AGUADILLA by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$11,178,035$7,962,421$3,215,614$155,090,862$134,260,675$20,830,187
December 31, 2023990$8,169,219$7,305,724$863,495$148,392,243$131,072,990$17,319,253
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$0
Investment income
$7,638,723
Tax-exempt bond proceeds
$613,879
Other revenue
$3,539,312

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$206,743
Other salaries and wages
$1,362,478
Salaries, compensation and benefits (total)
$2,076,547
Professional fundraising fees
$0
Legal fees
$96,269
Accounting fees
$17,500
Depreciation
$209,765
Management and general (functional)
$7,962,421

Balance sheet and other

Total assets, start of year
$148,392,243
Total assets, end of year
$155,090,862
Total liabilities, end of year
$134,260,675
Net assets, end of year
$20,830,187
Land, buildings and equipment
$12,247,694
Gross receipts
$11,178,035
Employees
44
Volunteers
7
Year formed
1948
State of legal domicile
PR

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
Carlos CamachoGeneral Manager
Key employee
40$148,475
Sandra LaracuenteOperation Manager
Key employee
40$56,269
Raul VelezPresident
Trustee or director
4$0
Carmen S PaganVicepresident
Trustee or director
4$0
Fe HurtadoSecretary
Trustee or director
4$0
Henry FaluDirector
Trustee or director
4$0
Agustin SotoTreasurer(2)
Trustee or director
4$0
Maria Moreno AcostaDirector
Trustee or director
4$0
Heriberto MurielTreasurer
Trustee or director
4$0
Ana M Sein LorenzoSubsecretary
Trustee or director
4$0
Heriberto Badillo CortesDirector
Trustee or director
4$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensation
Carlos CamachoExecutive President
Key employee
40$127,415
Sandra LaracuenteGerente Operaciones
Key employee
40$44,615
Raul VelezPresident
Trustee or director
4$0
Carmen S PaganVicepresident
Trustee or director
4$0
Fe HurtadoSecretary
Trustee or director
4$0
Henry FaluTreasurer
Trustee or director
4$0
Agustin SotoDirector
Trustee or director
4$0
Luz RosalyDirector
Trustee or director
4$0
Heriberto MurielTreasurer
Trustee or director
4$0

Address and contacts

Address (IRS master file)
PO BOX 541, AGUADILLA, PR 00605-0541
In care of
% AVENIDA SAN CARLOS
Principal officer (990 for 2024)
Carlos Camacho, PO BOX 541, AGUADILLA, PUERTO RICO 00605, RQ
Signed the 990
CARLOS CAMACHO, GENERAL MANAGER
Phone
(787) 891-1755
Return prepared by
CPA Benjamin Rosario Rosario

Mission

LOCAL CREDIT UNION, SAVINGS AND LOAN FOR MEMBERS. THESE ENTITIES ARE EXEMPT FROM INCOME TAXES, MUNICIPAL LICENSES AND PROPERTY TAX UNDER THE STATE LAW APPLIED TO COOPERATIVES. THESE ENTITIES DO NOT RECEIVE ANY FEDERAL OR STATE GRANT, NEITHER DONATIONS. THE MAIN ACTIVITY IS TO PROVIDE LOANS AND TO OFFER DIFFERENT SAVINGS ACCOUNTS.

990 for the year ended December 31, 2024

Program accomplishments

  • LOCAL CREDIT UNION, SAVINGS AND LOAN FOR MEMBERS. THESE ENTITIES ARE EXEMPT FROM INCOME TAXES, MUNICIPAL LICENSES AND PROPERTY TAX UNDER THE STATE LAW APPLIED TO COOPERATIVES. THESE ENTITIES DO NOT RECEIVE ANY FEDERAL OR STATE GRANT, NEITHER DONATIONS. THE MAIN ACTIVITY IS TO PROVIDE LOANS AND TO OFFER DIFFERENT SAVINGS ACCOUNTS.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
66-0217489
Tax-exempt status
501(c)(14): State-chartered credit union
Donations deductible
No
Exempt since
1987
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$155,090,862
Income (IRS master file)
$11,178,035

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$11,178,035$7,962,421$155,090,862XML
990December 2023$8,169,219$7,305,724$148,392,243XML
990December 2022$6,511,561$5,734,104$137,180,586IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 66-0217489).

Questions about COOPERATIVE AHORRO Y CREDITO DE AGUADILLA

What is the EIN of COOPERATIVE AHORRO Y CREDITO DE AGUADILLA?
The employer identification number (EIN) of COOPERATIVE AHORRO Y CREDITO DE AGUADILLA is 66-0217489.
Is COOPERATIVE AHORRO Y CREDITO DE AGUADILLA tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1987.
Are donations to COOPERATIVE AHORRO Y CREDITO DE AGUADILLA tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does COOPERATIVE AHORRO Y CREDITO DE AGUADILLA file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of COOPERATIVE AHORRO Y CREDITO DE AGUADILLA due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did COOPERATIVE AHORRO Y CREDITO DE AGUADILLA last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of COOPERATIVE AHORRO Y CREDITO DE AGUADILLA?
The 990 for the year ended December 31, 2024 names Carlos Camacho.
Who are the officers and directors of COOPERATIVE AHORRO Y CREDITO DE AGUADILLA?
The 990 for the year ended December 31, 2024 lists 11 people; 2 received compensation from the organization, the highest $148,475 (Carlos Camacho, General Manager).
How much revenue does COOPERATIVE AHORRO Y CREDITO DE AGUADILLA have?
On its 990 for the year ended December 31, 2024 it reported revenue of $11,178,035, expenses of $7,962,421 and total assets of $155,090,862 at year end.

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