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Employer Identification Number 66-0329330

COOPERATIVA DE AHORRO Y CREDITO MOROVENA is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS

Company Name:COOPERATIVA DE AHORRO Y CREDITO MOROVENA
Employer identification number (EIN):66-0329330
EIN Issuing AuthorityPhiladelphia, PA
NAIC Classification:522130
NAIC Description:Credit Unions
401k Pension/Benefits registration COOPERATIVA DE AHORRO Y CREDITO MOROVENA 401k plan information
Federal tax statusExempt from federal income tax. Registered as a non-profit under 501(c)(3) Title 26 of the United States Code

Organization Overview

Mission StatementTO PROVIDE FINANCIAL SERVICES AS LOANS, SAVINGS AND ACCOUNTS MAINLY TO LOW INCOME SECTOR OF PEOPE IN PUERTO RICO. ALSO, CREDIT UNION MAKEA SOCIAL INVESMENT IN THE COMMUNITY.
Number of Employees34
Number of Volunteers0
Year Formed1960

Organization Governance

Legal DomicilePR
Voting Members - Governing Body9
Voting Members - Independent9

Organization Financials

2023-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 0
Program Service Revenue from current yearUSD $ 0
Investment Income from prior yearUSD $ 3,486,975
Investment Income from current yearUSD $ 4,713,288
Other Revenue from prior yearUSD $ 1,143,105
Other Revenue from current yearUSD $ 3,935,666
Gross receipts from all sourcesUSD $ 8,648,954
Net assets / fund balances at end of fiscal yearUSD $ 29,948,091
Net assets / fund balances at beginning of fiscal yearUSD $ 27,209,824
Total liabilities at end of fiscal yearUSD $ 75,359,201
Total liabilities at beginning of fiscal yearUSD $ 75,220,258
Total assets at end of fiscal yearUSD $ 105,307,292
Total assets at beginning of fiscal yearUSD $ 102,430,082
Revenues less expenses for current yearUSD $ 3,982,516
Revenues less expenses for previous yearUSD $ 784,369
Total expenses for current yearUSD $ 4,666,438
Total expenses for previous yearUSD $ 3,845,711
Other expenses in current yearUSD $ 3,367,984
Other expenses in previous yearUSD $ 2,706,935
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 1,298,454
Employee salary and benefits paid in previous yearUSD $ 1,138,776
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 8,648,954
Total revenue in previous fiscal yearUSD $ 4,630,080
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 3,935,666
2022-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from current yearUSD $ 0
Investment Income from prior yearUSD $ 2,939,297
Investment Income from current yearUSD $ 3,486,975
Other Revenue from prior yearUSD $ 1,158,463
Other Revenue from current yearUSD $ 1,143,105
Gross receipts from all sourcesUSD $ 4,630,080
Net assets / fund balances at end of fiscal yearUSD $ 27,209,824
Net assets / fund balances at beginning of fiscal yearUSD $ 28,196,312
Total liabilities at end of fiscal yearUSD $ 75,220,258
Total liabilities at beginning of fiscal yearUSD $ 75,999,250
Total assets at end of fiscal yearUSD $ 102,430,082
Total assets at beginning of fiscal yearUSD $ 104,195,562
Revenues less expenses for current yearUSD $ 784,369
Revenues less expenses for previous yearUSD $ 435,674
Total expenses for current yearUSD $ 3,845,711
Total expenses for previous yearUSD $ 3,662,086
Other expenses in current yearUSD $ 2,706,935
Other expenses in previous yearUSD $ 2,623,980
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 1,138,776
Employee salary and benefits paid in previous yearUSD $ 1,038,106
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 4,630,080
Total revenue in previous fiscal yearUSD $ 4,097,760
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 1,143,105
2021-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 0
Program Service Revenue from current yearUSD $ 0
Investment Income from prior yearUSD $ 3,112,764
Investment Income from current yearUSD $ 2,939,297
Other Revenue from prior yearUSD $ 1,173,116
Other Revenue from current yearUSD $ 1,158,463
Gross receipts from all sourcesUSD $ 4,097,760
Net assets / fund balances at end of fiscal yearUSD $ 28,196,312
Net assets / fund balances at beginning of fiscal yearUSD $ 26,945,883
Total liabilities at end of fiscal yearUSD $ 75,999,250
Total liabilities at beginning of fiscal yearUSD $ 69,876,357
Total assets at end of fiscal yearUSD $ 104,195,562
Total assets at beginning of fiscal yearUSD $ 96,822,240
Revenues less expenses for current yearUSD $ 435,674
Revenues less expenses for previous yearUSD $ 636,232
Total expenses for current yearUSD $ 3,662,086
Total expenses for previous yearUSD $ 3,649,648
Other expenses in current yearUSD $ 2,623,980
Other expenses in previous yearUSD $ 2,603,953
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 1,038,106
Employee salary and benefits paid in previous yearUSD $ 1,045,695
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 4,097,760
Total revenue in previous fiscal yearUSD $ 4,285,880
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Gross income from fundraising eventsUSD $ 0
Cost of goods soldUSD $ 0
Revenue from membership duesUSD $ 0
Gross income from gamingUSD $ 0
Gross sales of inventory assetsUSD $ 0
Total of other revenueUSD $ 1,158,463
2020-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 0
Program Service Revenue from current yearUSD $ 0
Investment Income from prior yearUSD $ 3,510,918
Investment Income from current yearUSD $ 3,112,764
Other Revenue from prior yearUSD $ 2,388,152
Other Revenue from current yearUSD $ 1,173,116
Gross receipts from all sourcesUSD $ 4,285,880
Net assets / fund balances at end of fiscal yearUSD $ 26,945,883
Net assets / fund balances at beginning of fiscal yearUSD $ 24,424,956
Total liabilities at end of fiscal yearUSD $ 69,876,357
Total liabilities at beginning of fiscal yearUSD $ 58,344,883
Total assets at end of fiscal yearUSD $ 96,822,240
Total assets at beginning of fiscal yearUSD $ 82,769,839
Revenues less expenses for current yearUSD $ 636,232
Revenues less expenses for previous yearUSD $ -1,739,523
Total expenses for current yearUSD $ 3,649,648
Total expenses for previous yearUSD $ 7,638,593
Other expenses in current yearUSD $ 2,603,953
Other expenses in previous yearUSD $ 6,631,713
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 1,045,695
Employee salary and benefits paid in previous yearUSD $ 1,006,880
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 4,285,880
Total revenue in previous fiscal yearUSD $ 5,899,070
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 1,173,116
2019-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 0
Program Service Revenue from current yearUSD $ 0
Investment Income from prior yearUSD $ 3,441,860
Investment Income from current yearUSD $ 3,510,918
Other Revenue from prior yearUSD $ 893,138
Other Revenue from current yearUSD $ 880,753
Gross receipts from all sourcesUSD $ 4,391,671
Net assets / fund balances at end of fiscal yearUSD $ 24,424,956
Net assets / fund balances at beginning of fiscal yearUSD $ 28,621,210
Total liabilities at end of fiscal yearUSD $ 58,344,883
Total liabilities at beginning of fiscal yearUSD $ 60,267,612
Total assets at end of fiscal yearUSD $ 82,769,839
Total assets at beginning of fiscal yearUSD $ 88,888,822
Revenues less expenses for current yearUSD $ 253,320
Revenues less expenses for previous yearUSD $ 211,965
Total expenses for current yearUSD $ 4,138,351
Total expenses for previous yearUSD $ 4,123,033
Other expenses in current yearUSD $ 3,131,471
Other expenses in previous yearUSD $ 3,125,853
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 1,006,880
Employee salary and benefits paid in previous yearUSD $ 997,180
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 4,391,671
Total revenue in previous fiscal yearUSD $ 4,334,998
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 880,753
2018-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 0
Program Service Revenue from current yearUSD $ 0
Investment Income from prior yearUSD $ 3,522,746
Investment Income from current yearUSD $ 3,441,860
Other Revenue from prior yearUSD $ 1,158,544
Other Revenue from current yearUSD $ 893,138
Gross receipts from all sourcesUSD $ 4,334,998
Net assets / fund balances at end of fiscal yearUSD $ 28,621,210
Net assets / fund balances at beginning of fiscal yearUSD $ 28,153,783
Total liabilities at end of fiscal yearUSD $ 60,267,612
Total liabilities at beginning of fiscal yearUSD $ 59,283,120
Total assets at end of fiscal yearUSD $ 88,888,822
Total assets at beginning of fiscal yearUSD $ 87,436,903
Revenues less expenses for current yearUSD $ 211,965
Revenues less expenses for previous yearUSD $ 109,983
Total expenses for current yearUSD $ 4,123,033
Total expenses for previous yearUSD $ 4,571,307
Other expenses in current yearUSD $ 3,125,853
Other expenses in previous yearUSD $ 3,422,687
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 997,180
Employee salary and benefits paid in previous yearUSD $ 1,148,620
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 4,334,998
Total revenue in previous fiscal yearUSD $ 4,681,290
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 893,138
2017-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from current yearUSD $ 0
Investment Income from prior yearUSD $ 4,467,278
Investment Income from current yearUSD $ 3,522,746
Other Revenue from prior yearUSD $ 1,114,031
Other Revenue from current yearUSD $ 1,158,544
Gross receipts from all sourcesUSD $ 4,681,290
Net assets / fund balances at end of fiscal yearUSD $ 28,153,783
Net assets / fund balances at beginning of fiscal yearUSD $ 28,529,334
Total liabilities at end of fiscal yearUSD $ 59,283,120
Total liabilities at beginning of fiscal yearUSD $ 56,347,667
Total assets at end of fiscal yearUSD $ 87,436,903
Total assets at beginning of fiscal yearUSD $ 84,877,001
Revenues less expenses for current yearUSD $ 109,983
Revenues less expenses for previous yearUSD $ 963,919
Total expenses for current yearUSD $ 4,571,307
Total expenses for previous yearUSD $ 4,617,390
Other expenses in current yearUSD $ 3,422,687
Other expenses in previous yearUSD $ 3,574,594
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 1,148,620
Employee salary and benefits paid in previous yearUSD $ 1,042,796
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 4,681,290
Total revenue in previous fiscal yearUSD $ 5,581,309
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 1,158,544

Other Company Names associated with EIN

COOPERATIVA DE AHORRO Y CREDITO DE MOROVIS

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 660329330

USA Location Address
PO BOX 577
MOROVIS
PR
006870577
Date first seen: 2013-10-08
Date last seen: 2024-10-16
USA Mailing Address
PO BOX 577
MOROVIS
PR
006870577
Date first seen: 2010-10-14
Date last seen: 2012-09-21
USA Mailing Address
PO BOX
MOROVIS
PR
00687
Date first seen: 2014-01-01
Date last seen: 2024-07-23

Nearby companies/organizations

The following companies are located in the same ZIP code areas:

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