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EIN 66-0206444

Cooperative de Ahorro Y Credito de Lares

IRS 501(c) type
501(c)(14)
Num. employees
72
City
Lares
State
Puerto Rico
Year formed
1949
Most recent tax filings
2023-12-01
NTEE code, primary
W60: Financial Institutions, Credit Unions
Description
Cooperativa de Ahorro Y Credito de Lares is a non-profit organization primarily dedicated to receiving savings from its members in the form of shares and deposits. It operates as a savings and credit union and boasts programs that generate interest income and other income totaling $12,993,672, while keeping total expenses at $8,430,499.
Also known as...
1 Calle Virgilio Acevedo; Cooperativa A C Lares; De Lare
Total revenues
$15,865,234
2023
Total expenses
$10,086,130
2023
Total assets
$222,090,136
2023
Num. employees
72
2023

Program areas at Cooperative de Ahorro Y Credito de Lares

Interes income and other income of $15,865,234 and total expenses of $10,086,130.

Who funds Cooperative de Ahorro Y Credito de Lares

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
InclusivCredit Union Impact Capacity Building$10,000

Personnel at Cooperative de Ahorro Y Credito de Lares

NameTitleCompensation
Jose J Mercado MedinaManager of Operations$78,000
Carlos J Centeno PerezManager of Deparmet Con System$72,280
Eduard Irizarry JimenezManager$49,920
Johnny Montanez VargasController$66,040
Enid G Soto VelazquezOficcer of Complience$59,280
...and 1 more key personnel

Financials for Cooperative de Ahorro Y Credito de Lares

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$0
Investment income and dividends$11,508,702
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$4,356,532
Total revenues$15,865,234

Form 990s for Cooperative de Ahorro Y Credito de Lares

Fiscal year endingDate received by IRSFormPDF link
2023-122024-07-19990View PDF
2022-122023-06-30990View PDF
2021-122022-07-01990View PDF
2020-122021-08-19990View PDF
2019-122020-09-02990View PDF
...and 10 more Form 990s
Data update history
November 4, 2024
Posted financials
Added Form 990 for fiscal year 2023
November 3, 2024
Updated personnel
Identified 1 new personnel
December 4, 2023
Posted financials
Added Form 990 for fiscal year 2022
November 27, 2023
Used new vendors
Identified 1 new vendor, including
July 17, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Credit unionsHeadquarter / parent organizations
Issues
No issues found
Characteristics
State / local levelReceives government funding
General information
Address
PO Box 362
Lares, PR 00669
Metro area
Aguadilla-Isabela, PR
County
Lares Municipio, PR
Website URL
larcoop.com/ 
Phone
(787) 897-2220
IRS details
EIN
66-0206444
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1949
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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