Nonprofit · EIN 66-0220429
COOPERATIVA DE AHORRO Y CREDITO DE MANATI INC
Tax-exempt · MANATI, PR 00674
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $25,183,725 | $19,780,293 | $5,403,432 | $337,303,304 | $268,196,988 | $69,106,316 |
| December 31, 2024 | 990 | $23,873,690 | $18,526,039 | $5,347,651 | $312,426,829 | $254,192,872 | $58,233,957 |
| December 31, 2023 | 990 | $21,196,699 | $15,222,216 | $5,974,483 | $295,329,329 | $242,958,667 | $52,370,662 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $19,387,552
- Other revenue
- $5,796,173
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,096,294
- Other salaries and wages
- $2,987,657
- Salaries, compensation and benefits (total)
- $5,236,638
- Professional fundraising fees
- $0
- Occupancy
- $98,500
- Travel
- $119,483
- Depreciation
- $896,816
- Management and general (functional)
- $19,780,293
Balance sheet and other
- Total assets, start of year
- $312,426,829
- Total assets, end of year
- $337,303,304
- Total liabilities, end of year
- $268,196,988
- Net assets, end of year
- $69,106,316
- Land, buildings and equipment
- $12,672,231
- Publicly traded securities
- $44,727,703
- Gross receipts
- $25,183,725
- Employees
- 117
- Volunteers
- 9
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CANDIDO RIVERA LOPEZ | EXECUTIVE PRESIDENT Highest-paid employee | 40 | $248,217 |
| SORRY ADROVET | VICE PRESIDENT PRESIDENT COMMERCIAL AND MORTGAGE Key employee | 40 | $92,394 |
| ANDERSON MARTINEZ COLON | VICE PRESIDENT OF FINANCE Key employee | 40 | $84,835 |
| JOSEAN PAGAN KUILAN | VICE PRESIDENT OF OPERATIONS Key employee | 40 | $68,164 |
| MILAGROS ROMERO | VICE PRESIDENT ADMINISTRATION Key employee | 40 | $58,966 |
| IRIS ROMERO | DEPARTMENT MANAGER SYSTEMS Key employee | 40 | $53,673 |
| NORAIDA RODRIGUEZ CONCEPCION | OFFICE COMPLIANCE Key employee | 40 | $52,016 |
| MARIA MELENDEZ ZAYAS | LOAN MANAGER Key employee | 40 | $50,294 |
| BRIGMARIAN SANCHEZ | HUMAN RESOURCES OFFICER Key employee | 40 | $49,419 |
| DIANA NEGRON JIMENEZ | INTERNAL AUDITOR Key employee | 40 | $48,119 |
| VANESSA ROMERO | BRANCH MANAGER MANATI PLAZA Key employee | 40 | $46,099 |
| SHERLY MUNOZ | SUC MANAGER VEGA BAJA Key employee | 40 | $45,394 |
| YOLANDA OTERO | BRANCH MANAGER BARCELONETA Key employee | 40 | $41,745 |
| EMILY CARNEVALE | BRANCH MANAGER CALES CENTER Key employee | 40 | $41,613 |
| SAGER RODRIGUEZ | BRANCH MANAGER EXPRESS CIALES Key employee | 40 | $40,690 |
17 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LUIS ROBLES | DEPARTMENT MANAGER COLLECTIONS Key employee | 40 | $38,330 |
| ZALLIA CARDONA | EXECUTIVE SECRETARY Key employee | 40 | $36,326 |
| RICARDO ALVAREZ CLAS | BOARD OF DIRECTORS Trustee or director | 5 | $0 |
| JOEL ROLON ALINDATO | BOARD OF DIRECTORS Trustee or director | 10 | $0 |
| ANIBAL DELGADO | BOARD OF DIRECTORS Trustee or director | 5 | $0 |
| DORIS CLASS | BOARD OF DIRECTORS Trustee or director | 5 | $0 |
| HECTOR AULET MEJIAS | BOARD OF DIRECTORS Trustee or director | 5 | $0 |
| HERIBERTO MARTINEZ GONZALEZ | BOARD OF DIRECTORS Trustee or director | 5 | $0 |
| CARMEN SOTO CABAN | BOARD OF DIRECTORS Trustee or director | 5 | $0 |
| ANGEL NOGUERAS | BOARD OF DIRECTORS Trustee or director | 5 | $0 |
| CARMEN TORRES | DIRECTOR Trustee or director | 5 | $0 |
| BLANCA RIVERA | DIRECTOR Trustee or director | 5 | $0 |
| HIRAM DECLET | DIRECTOR Trustee or director | 5 | $0 |
| EVELYN GONZALEZ | DIRECTOR Trustee or director | 5 | $0 |
| PEDRO NAZARIO | DIRECTOR Trustee or director | 5 | $0 |
| NESTOR ALVAREZ | DIRECTOR Trustee or director | 5 | $0 |
| EDNA DOMINGUEZ | DIRECTOR Trustee or director | 5 | $0 |
990 for the year ended December 31, 2024: 26 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CANDIDO RIVERA LOPEZ | EXECUTIVE PRESIDENT Highest-paid employee | 0 | $168,600 |
| ANDERSON MARTINEZ COLON | VICE PRESIDENT OF FINANCE Key employee | 0 | $75,075 |
| JOSEAN PAGAN KUILAN | VICE PRESIDENT OF OPERATIONS Key employee | 0 | $65,272 |
| SORRY ADROVET | VICE PRESIDENT PRESIDENT COMMERCIAL AND MORTGAGE Key employee | 0 | $55,997 |
| MILAGROS ROMERO | VICE PRESIDENT ADMINISTRATION Key employee | 40 | $51,895 |
| IRIS ROMERO | DEPARTMENT MANAGER SYSTEMS Key employee | 40 | $48,105 |
| NORAIDA RODRIGUEZ CONCEPCION | OFFICE COMPLIANCE Key employee | 40 | $45,765 |
| BRIGMARIAN SANCHEZ | HUMAN RESOURCES OFFICER Key employee | 40 | $43,856 |
| MARIA MELENDEZ ZAYAS | LOAN MANAGER Key employee | 40 | $42,978 |
| DIANA NEGRON JIMENEZ | INTERNAL AUDITOR Key employee | 40 | $42,894 |
| VANESSA ROMERO | BRANCH MANAGER MANATI PLAZA Key employee | 40 | $40,562 |
| SHERLY MUNOZ | SUC MANAGER VEGA BAJA Key employee | 40 | $40,444 |
| YOLANDA OTERO | BRANCH MANAGER BARCELONETA Key employee | 40 | $37,350 |
| EMILY CARNEVALE | BRANCH MANAGER CALES CENTER Key employee | 40 | $37,041 |
| SAGER RODRIGUEZ | BRANCH MANAGER EXPRESS CIALES Key employee | 40 | $35,046 |
| LUIS ROBLES | DEPARTMENT MANAGER COLLECTIONS Key employee | 40 | $34,722 |
| ZALLIA CARDONA | EXECUTIVE SECRETARY Key employee | 40 | $32,175 |
| RICARDO ALVAREZ CLAS | BOARD OF DIRECTORS Trustee or director | 0 | $0 |
| JOEL ROLON ALINDATO | BOARD OF DIRECTORS Trustee or director | 0 | $0 |
| CARLOS COLON RAMOS | BOARD OF DIRECTORS Trustee or director | 0 | $0 |
| ANIBAL DELGADO | BOARD OF DIRECTORS Trustee or director | 0 | $0 |
| DORIS CLASS | BOARD OF DIRECTORS Trustee or director | 0 | $0 |
| HECTOR AULET MEJIAS | BOARD OF DIRECTORS Trustee or director | 0 | $0 |
| HERIBERTO MARTINEZ GONZALEZ | BOARD OF DIRECTORS Trustee or director | 0 | $0 |
| CARMEN SOTO CABAN | BOARD OF DIRECTORS Trustee or director | 0 | $0 |
| ANGEL NOGUERAS | BOARD OF DIRECTORS Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 26 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CANDIDO RIVERA LOPEZ | EXECUTIVE PRESIDENT Highest-paid employee | 50 | $160,200 |
| SORRY ADROVET | VICE PRESIDENT PRESIDENT COMMERCIAL AND MORTGAGE Key employee | 50 | $70,963 |
| ANDERSON MARTINEZ COLON | VICE PRESIDENT OF FINANCE Key employee | 50 | $68,784 |
| JOSEAN PAGAN KUILAN | VICE PRESIDENT OF OPERATIONS Key employee | 50 | $58,920 |
| NORAIDA RODRIGUEZ CONCEPCION | OFFICE COMPLIANCE Key employee | 50 | $47,278 |
| IRIS ROMERO | DEPARTMENT MANAGER SYSTEMS Key employee | 50 | $46,542 |
| MILAGROS ROMERO | VICE PRESIDENT ADMINISTRATION Key employee | 50 | $46,041 |
| MARIA MELENDEZ ZAYAS | LOAN MANAGER Key employee | 50 | $44,211 |
| BRIGMARIAN SANCHEZ | HUMAN RESOURCES OFFICER Key employee | 50 | $42,587 |
| DIANA NEGRON JIMENEZ | INTERNAL AUDITOR Key employee | 50 | $42,090 |
| VANESSA ROMERO | SUCCESS MANAGER MANATI PLAZA Key employee | 50 | $40,601 |
| SHERLY MUNOZ | SUC MANAGER VEGA BAJA Key employee | 50 | $39,345 |
| YOLANDA OTERO | SUCCESS MANAGER BARCELONETA Key employee | 50 | $37,283 |
| LUIS ROBLES | DEPARTMENT MANAGER COLLECTIONS Key employee | 50 | $35,663 |
| EMILY CARNEVALE | SUCCESS MANAGER CALES CENTER Key employee | 50 | $35,639 |
| ZALLIA CARDONA | EXECUTIVE SECRETARY Key employee | 50 | $31,310 |
| SAGER RODRIGUEZ | SUCCESS MANAGER EXPRESS CALES Key employee | 50 | $29,828 |
| RICARDO ALVAREZ CLAS | BOARD OF DIRECTORS Trustee or director | 40 | $0 |
| JOEL ROLON ALINDATO | BOARD OF DIRECTORS Trustee or director | 40 | $0 |
| CARLOS COLON RAMOS | BOARD OF DIRECTORS Trustee or director | 40 | $0 |
| ANIBAL DELGADO | BOARD OF DIRECTORS Trustee or director | 40 | $0 |
| DORIS CLASS | BOARD OF DIRECTORS Trustee or director | 40 | $0 |
| HECTOR AULET MEJIAS | BOARD OF DIRECTORS Trustee or director | 40 | $0 |
| HERIBERTO MARTINEZ GONZALEZ | BOARD OF DIRECTORS Trustee or director | 40 | $0 |
| CARMEN SOTO CABAN | BOARD OF DIRECTORS Trustee or director | 40 | $0 |
| ANGEL NOGUERAS | BOARD OF DIRECTORS Trustee or director | 40 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 30562, MANATI, PR 00674-8516
- Mailing address (990-N for 2013)
- PO BOX 30562, MANATI PR 00674
- Principal officer (990 for 2025)
- CANDIDO RIVERA, PO BOX 30562, MANATI, PR 00674
- Principal officer (990-N for 2013)
- ANDERSON MARTINEZ, PO BOX 30562, MANATI PR 00674
- Signed the 990
- CANDIDO RIVERA LOPEZ, EXECUTIVE PRESIDENT
- Phone
- (787) 854-2214
- Website
- WWW.COOPMANATI.COM
- Return prepared by
- Llavona Casas CPA PSC
Mission
TO OBTAIN SAVINGS DEPOSITS FROM ITS MEMBERS AS SHARES AND DEPOSITS AND OFFER FINANCING SOURCES FOLLOWING THE COOPERATIVE MOVEMENT PHILOSOPHY.
Program accomplishments
- 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.
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 66-0220429
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1986
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $337,303,304
- Income (IRS master file)
- $25,183,725
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $25,183,725 | $19,780,293 | $337,303,304 | XML |
| 990 | December 2024 | $23,873,690 | $18,526,039 | $312,426,829 | XML |
| 990 | December 2023 | $21,196,699 | $15,222,216 | $295,329,329 | XML |
| 990 | December 2022 | $12,946,475 | $9,981,215 | $217,103,471 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
| 990-N for 2013 Officer: ANDERSON MARTINEZ | December 31, 2013 | ≤ $50,000 receipts | – | – | e-Postcard |
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 66-0220429).
Questions about COOPERATIVA DE AHORRO Y CREDITO DE MANATI INC
- What is the EIN of COOPERATIVA DE AHORRO Y CREDITO DE MANATI INC?
- The employer identification number (EIN) of COOPERATIVA DE AHORRO Y CREDITO DE MANATI INC is 66-0220429.
- Is COOPERATIVA DE AHORRO Y CREDITO DE MANATI INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1986.
- Are donations to COOPERATIVA DE AHORRO Y CREDITO DE MANATI INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does COOPERATIVA DE AHORRO Y CREDITO DE MANATI INC 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 COOPERATIVA DE AHORRO Y CREDITO DE MANATI INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COOPERATIVA DE AHORRO Y CREDITO DE MANATI INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of COOPERATIVA DE AHORRO Y CREDITO DE MANATI INC?
- The 990 for the year ended December 31, 2025 names CANDIDO RIVERA.
- Who are the officers and directors of COOPERATIVA DE AHORRO Y CREDITO DE MANATI INC?
- The 990 for the year ended December 31, 2025 lists 32 people; 17 received compensation from the organization, the highest $248,217 (CANDIDO RIVERA LOPEZ, EXECUTIVE PRESIDENT).
- How much revenue does COOPERATIVA DE AHORRO Y CREDITO DE MANATI INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $25,183,725, expenses of $19,780,293 and total assets of $337,303,304 at year end.
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