Program areas at Cooperativa de Ahorro Y Credito Morovena
The primary purpose of the cooperative is to receive deposits from its partners in the form of savings and stock, and provide a source of financing at lower cost than offered by other financial institutions. The cooperative offers a variety of financial services, including but not limited to savings and checking accounts, personal loans, mortgage loans, commercial loans, resolving credit lines and others financing services. Interest income of $8,648,954 and total expenses of $4,666,438.
Personnel at Cooperativa de Ahorro Y Credito Morovena
| Name | Title | Compensation | Date of data |
|---|
| Maria Ocasio Cintron | Vice President Operations | $45,592 | 2022-12-31 |
| Yajaira Rivera Nazario | Controller | $54,769 | 2022-12-31 |
| Ivis N Valles Rivera | Executive President | $82,463 | 2023-08-07 |
| Maria S Marrero | President | $115,664 | 2014-12-29 |
Financials for Cooperativa de Ahorro Y Credito Morovena
| Revenues | FYE 12/2023 | FYE 12/2022 | % Change |
|---|
| Total grants, contributions, etc. | $0 | $0 | - |
| Program services | $0 | $0 | - |
| Investment income and dividends | $4,713,288 | $3,486,975 | 35.2% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $3,935,666 | $1,143,105 | 244.3% |
| Total revenues | $8,648,954 | $4,630,080 | 86.8% |
Organizations like Cooperativa de Ahorro Y Credito Morovena
| Organization | Type | Location | Revenue |
|---|
| Financial Plus Credit Union | 501(c)(14) | Ottawa, IL | $20,342,289 |
| Ashland Credit Union | 501(c)(14) | Ashland, KY | $16,845,160 |
| Cooperative de Ahorro Y Credito de Lares | 501(c)(14) | Lares, PR | $15,865,234 |
| Abri Credit Union | 501(c)(14) | Romeoville, IL | $20,330,650 |
| Mid American Credit Union | 501(c)(14) | Wichita, KS | $26,249,937 |
| Revity Credit Union | 501(c)(14) | Granite City, IL | $24,450,672 |
| Partnership Financial Credit Union | 501(c)(14) | Morton Grove, IL | $10,921,191 |
| Frontier Credit Union | 501(c)(14) | Idaho Falls, ID | $34,471,344 |
| Decatur Earthmover Credit Union (DECU) | 501(c)(14) | Forsyth, IL | $16,941,414 |
| Credit Union of Atlanta | 501(c)(14) | Atlanta, GA | $5,693,754 |
Data update history
October 24, 2024
Posted financials
Added Form 990 for fiscal year 2023
October 20, 2024
Used new vendors
Identified 1 new vendor, including
November 26, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 18, 2023
Posted financials
Added Form 990 for fiscal year 2021
May 9, 2023
Used new vendors
Identified 2 new vendors, including , and
Nonprofit Types
Credit unionsHeadquarter / parent organizations
Issues
No issues found
Characteristics
State / local level
General information
- Address
- PO Box 577
- Morovis, PR 00687
- Metro area
- San Juan-Bayamon-Caguas, PR
- County
- Morovis Municipio, PR
- Website URL
- coopmorovena.com/
- Phone
- (787) 862-7440
IRS details
- EIN
- 66-0329330
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 1953
- Eligible to receive tax-deductible contributions (Pub 78)
- No
Categorization
- NTEE code, primary
- W60: Financial Institutions, Credit Unions
- NAICS code, primary
- 522130: Credit Unions
- Parent/child status
- Independent
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