Civic Intelligence

Cooperativa De Ahorro Y Credito De Camuy

EIN 66-0219584 • 501(c)14 • Camuy, PR

Profile

To provide financial services as loans savings and accounts mainly to low income sector of people in puerto rico. Also credit union make a social invesment in the community.

300 Baltazar Jimenez AvenueCamuy, PR 00627-0540
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

4th percentile

0.70x

Higher debt load relative to assets than 4% of similar nonprofits.

501(c)14 • $250M-$1B nonprofits • Source year 2024

Liabilities / Revenue

5th percentile

9.38x

Higher debt load relative to revenue than 5% of similar nonprofits.

501(c)14 • $250M-$1B nonprofits • Source year 2024

Net Margin

98th percentile

36%

Higher net margin than 98% of similar nonprofits.

501(c)14 • $250M-$1B nonprofits • Source year 2024

Top Officer Pay

8th percentile

$238,849

Higher top officer pay than 8% of similar nonprofits.

Top officer pay equals 1.0% of source-year revenue.

501(c)14 • $250M-$1B nonprofits • Source year 2024

Asset Growth

60th percentile

4.0%

Faster asset growth than 60% of similar nonprofits.

501(c)14 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Revenue Growth

82nd percentile

21%

Faster revenue growth than 82% of similar nonprofits.

501(c)14 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Assets

Up

$333,141,476

Up $12,758,348 (+4.0%) from 2023

Liabilities

Up

$233,246,269

Up $10,183,663 (+4.6%) from 2023

Net Assets

Up

$99,895,207

Up $2,574,685 (+2.6%) from 2023

Revenue

Up

$24,863,696

Up $4,276,214 (+21%) from 2023

Expenses

Up

$15,993,808

Up $2,340,588 (+17%) from 2023

Net Income

Up

$8,869,888

Up $1,935,626 (+28%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400M$300M$200M$100M$0Assets 2011: $168,354,773Liabilities 2011: $89,432,566Net Assets 2011: $78,922,2072011Assets 2012: $174,586,621Liabilities 2012: $90,057,143Net Assets 2012: $84,529,4782012Assets 2013: $184,971,033Liabilities 2013: $86,276,940Net Assets 2013: $98,694,0932013Assets 2014: $188,147,088Liabilities 2014: $82,708,174Net Assets 2014: $105,438,9142014Assets 2015: $188,994,386Liabilities 2015: $84,078,798Net Assets 2015: $104,915,5882015Assets 2016: $188,130,402Liabilities 2016: $87,307,843Net Assets 2016: $100,822,5592016Assets 2017: $190,304,039Liabilities 2017: $94,824,513Net Assets 2017: $95,479,5262017Assets 2018: $181,186,186Liabilities 2018: $97,830,418Net Assets 2018: $83,355,7682018Assets 2019: $185,291,337Liabilities 2019: $104,510,182Net Assets 2019: $80,781,1552019Assets 2020: $217,010,002Liabilities 2020: $130,939,970Net Assets 2020: $86,070,0322020Assets 2021: $291,444,292Liabilities 2021: $194,423,430Net Assets 2021: $97,020,8622021Assets 2022: $290,823,177Liabilities 2022: $192,719,285Net Assets 2022: $98,103,8922022Assets 2023: $320,383,128Liabilities 2023: $223,062,606Net Assets 2023: $97,320,5222023Assets 2024: $333,141,476Liabilities 2024: $233,246,269Net Assets 2024: $99,895,2072024

Highlighted filing

2024

Assets$333,141,476
Liabilities$233,246,269
Net Assets$99,895,207

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$30M$20M$10M$0-$10MRevenue 2011: $11,309,056Expenses 2011: $7,118,766Net Income 2011: $4,190,2902011Revenue 2012: $11,320,263Expenses 2012: $7,326,890Net Income 2012: $3,993,3732012Revenue 2013: $12,234,564Expenses 2013: $6,351,387Net Income 2013: $5,883,1772013Revenue 2014: $11,491,110Expenses 2014: $6,823,550Net Income 2014: $4,667,5602014Revenue 2015: $11,451,446Expenses 2015: $7,080,130Net Income 2015: $4,371,3162015Revenue 2016: $11,069,532Expenses 2016: $7,737,152Net Income 2016: $3,332,3802016Revenue 2017: $10,666,741Expenses 2017: $8,336,989Net Income 2017: $2,329,7522017Revenue 2018: $9,542,007Expenses 2018: $14,084,880Net Income 2018: -$4,542,8732018Revenue 2019: $11,189,413Expenses 2019: $8,314,605Net Income 2019: $2,874,8082019Revenue 2020: $10,831,806Expenses 2020: $8,241,044Net Income 2020: $2,590,7622020Revenue 2021: $14,864,863Expenses 2021: $9,593,850Net Income 2021: $5,271,0132021Revenue 2022: $15,010,171Expenses 2022: $10,479,884Net Income 2022: $4,530,2872022Revenue 2023: $20,587,482Expenses 2023: $13,653,220Net Income 2023: $6,934,2622023Revenue 2024: $24,863,696Expenses 2024: $15,993,808Net Income 2024: $8,869,8882024

Highlighted filing

2024

Revenue$24,863,696
Expenses$15,993,808
Net Income$8,869,888

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$333$233$99.9$24.9$16.0$8.87
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$320$223$97.3$20.6$13.7$6.93
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$291$193$98.1$15.0$10.5$4.53
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$291$194$97.0$14.9$9.59$5.27
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$217$131$86.1$10.8$8.24$2.59
2019Summary only. Only limited summary data is available for this year.$185$105$80.8$11.2$8.31$2.87
2018Summary only. Only limited summary data is available for this year.$181$97.8$83.4$9.54$14.1$4.54
2017Summary only. Only limited summary data is available for this year.$190$94.8$95.5$10.7$8.34$2.33
2016Summary only. Only limited summary data is available for this year.$188$87.3$101$11.1$7.74$3.33
2015Summary only. Only limited summary data is available for this year.$189$84.1$105$11.5$7.08$4.37
2014Summary only. Only limited summary data is available for this year.$188$82.7$105$11.5$6.82$4.67
2013Summary only. Only limited summary data is available for this year.$185$86.3$98.7$12.2$6.35$5.88
2012Summary only. Only limited summary data is available for this year.$175$90.1$84.5$11.3$7.33$3.99
2011Summary only. Only limited summary data is available for this year.$168$89.4$78.9$11.3$7.12$4.19
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jul 11, 2025
Return Version
2024v5.1
Gross Receipts
$24,863,696
Mission and Program Overview

Mission

To provide financial services as loans, savings and accounts mainly to low income income sector of people in prueto rico. Also credit union make a social invesment in the community.

To provide financial services as loans savings and accounts mainly to low income sector of people in puerto rico. Also credit union make a social invesment in the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$206,836,260$229,448,745▲ $22,612,485
Cap Stk Tr Prin Current Funds$69,040,423$65,747,504▼ $3,292,919
Investments Other Securities$56,088,536$49,777,260▼ $6,311,276
Pd in Cap Srpls Land Bldg Eqp Fund$23,185,889$29,897,329▲ $6,711,440
Savings and Temporary Cash Investments$11,052,561$22,852,565▲ $11,800,004
Cash and Non-Interest-Bearing Accounts$27,469,932$13,384,424▼ $14,085,508
Land, Buildings, and Equipment, Net$7,592,081$7,018,070▼ $574,011
Investments Program Related$6,610,597$6,731,846▲ $121,249
Rtn Earn Endowment Incm Other Fnds$5,094,210$4,250,374▼ $843,836
Receivable From Disqualified Prsn$806,036$395,064▼ $410,972
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$320,383,128$333,141,476▲ $12,758,348
Other Assets Total$3,927,125$3,533,502▼ $393,623
Liabilities
Other Liabilities$219,626,706$229,635,427▲ $10,008,721
Accounts Payable and Accrued Expenses$3,435,900$3,610,842▲ $174,942
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$223,062,606$233,246,269▲ $10,183,663
Net Assets / Fund Balance
Total Net Assets Fund Balance$97,320,522$99,895,207▲ $2,574,685
Total Liabilities and Net Assets / Fund Balance$320,383,128$333,141,476▲ $12,758,348

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,375,392$2,698,430-
Other Land Buildings$144,756$31,561-
Land$1,046,448--
Equipment$2,044,464$6,844,974-
Leasehold Improvements$1,407,010$1,980,841-
Other Securities$49,777,260--
Compensation and Service Providers

Employees

NameTitleBaseTotal
Michele Franqui BaqueroExecutive President$238,849$238,849
Emmanuel Roman FigueroaVicepresident of Administration$116,436$116,436
Alvin Atiles TosadoVicepresident of Finance$100,341$100,341
Nancy Lopz QuinonesVicepresident of Operations$82,042$82,042

Board Members and Trustees

NameTitle
Maria L Ramos NievesBoard President
Ana J Cordero RosadoDirector
Carlos a Morales MorellDirector
Ivette Quijano RosaDirector
Juan Sonera GonzalezDirector
Jose F Ruiz RamosVP of Board of Director
Mayra Ortiz RuizSub-secretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Bdo USA PCAccounting FirmPO BOX 642743, Pittsburgh, PA 15264-2742$236,506
Security M InvestigationSecurity ServicesPO BOX 62, SUITE 1, Hatillo, PR 00659$158,056
EvertecLawyer171 AVE MUNOZ RIVERA OESTE, Camuy, PR 00627$120,892
-Thecnology And Transaction ProcessingPO BOX 364527, San Juan, PR 00936$109,102
Revenue and Support

Revenue Composition

Contributions and Grants
$3,197,097
Program Service Revenue
$0
Investment Income
$18,829,714
Other Revenue
$2,836,885
All Other Contributions
$0
Change in Net Assets
$8,869,888

Audited Revenue Reconciliation

Revenue per Audited Statements
$24,863,696
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$24,863,696
Total Revenue per Form 990
$24,863,696
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$11,651,386
Salaries, Compensation, and Employee Benefits$4,342,422
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$0$4,574,288$0$4,574,288
Other Salaries and Wages$0$2,801,526$0$2,801,526
Fees for Services Other$0$1,438,223$0$1,438,223
Insurance$0$1,361,898$0$1,361,898
All Other Expenses$0$1,254,661$0$1,254,661
Depreciation Depletion$0$806,849$0$806,849
Current Officers, Directors, Trustees, and Key Employees$0$537,668$0$537,668
Other Employee Benefits$0$461,586$0$461,586
Advertising$0$327,603$0$327,603
Payroll Taxes$0$324,187$0$324,187
Office Expenses$0$227,929$0$227,929
Pension Plan Contributions$0$217,455$0$217,455
Occupancy$0$137,025$0$137,025
Other Expenses$0$129,089$0$129,089
Conferences and Meetings$0$31,551$0$31,551
Total Functional Expenses$0$15,993,808$0$15,993,808

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$15,993,808
Total Expenses per Audited Statements$15,993,808
Total Expenses per Form 990$15,993,808
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons$806,036$395,064▼ $410,972
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deposits and Certificated of Depostis$229,635,427
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI, Line 7A

All stockholders may elect one or more menbers of the governing body.

Part VI, Line 11A

The cooperative contract an external cpa firm to prepare and review the form 990

Part VI, Line 15

The board director performs annual evaluation over ceo performance also the ceo has an employment formal contract or agreement.

Filing and Contact Details

Filer

Filer Name
Cooperativa De Ahorro Y Credito De Camuy
EIN
66-0219584
In Care Of
% MICHELLE FRANQUI
Phone
7878984930
Address
300 Baltazar Jimenez Avenue, CAMUY, PR 00627-0540

Signing Officer

Name
Michelle Franqui
Title
Excecutive President
Signed
2025-07-11
Discuss with paid preparer
No

Organization Details

Formed
1954
Legal Domicile
Pr
Voting Board Members
7
Independent Board Members
7
Employees
88
Volunteers
7

Preparer

Firm
Gonzalez Torres & Co CPA Psc
Address
1250 PONCE DE LEON AVE SUITE 801, SAN JUAN, PR 00907-3912
Preparer
Jose a Gonzalez Torres
Supplemental Narrative

Additional Explanations

Part XI, Line 9

| Description:, Explanation:, Amount:| Change in net assets, The change in net assets is the result of changes in shares reserves and surplus., $-6295203|

Raw XML AppendixShowing 400 of 685 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/ActivityOrMissionDesc0TO PROVIDE FINANCIAL SERVICES AS LOANS SAVINGS AND ACCOUNTS MAINLY TO LOW INCOME SECTOR OF PEOPLE IN PUERTO RICO. ALSO CREDIT UNION MAKE A SOCIAL INVESMENT IN THE COMMUNITY.
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