2025-07-08T10:54:32-07:00 2024-12-31 660722537 Llavona Casas CPA PSC CENTRO INTERNACIONAL DE MERCADEO TORRE 1 100 CARR 165 SUITE 708 GUAYNABO PR 00968 990 2024-01-01 660287790 COOPERATIVA DE AHORRO Y CREDITO ORIENTAL COOP 7878520964 PO BOX 876 HUMACAO PR 00792 WILLIAM MENDEZ PRESIDENT 7878520964 2025-07-07 1 1 Fernando Llavona P01474680 7877648664 2025-07-01 2024 2025-03-06 01:10:19Z WILLIAM MENDEZ PO BOX 876 HUMACAO PR 00792 29776281 0 X cooporiental.com X 1956 PR TO PROVIDE FINANCIAL SERVICES SUCH AS LOANS, SAVINGS AND ACCOUNTS MAINLY TO LOW-INCOME SECTOR OF PEOPLE IN PUERTO RICO. ALSO, THE CREDIT UNION HAS A SOCIAL RESPONSIBILITY TOWARDS THE COMMUNITY. 9 9 131 9 0 0 3000000 718258 0 0 18665604 20487713 8708380 8570310 30373984 29776281 0 0 0 0 5933298 6464075 0 0 0 19162712 21224278 25096010 27688353 5277974 2087928 436924696 433518632 319481644 324960012 117443052 108558620 TO PROVIDE FINANCIAL SERVICES SUCH AS LOANS, SAVINGS AND ACCOUNTS MAINLY TO LOW-INCOME SECTOR OF PEOPLE IN PUERTO RICO. ALSO, THE CREDIT UNION HAS A SOCIAL RESPONSIBILITY TOWARDS THE COMMUNITY. 0 0 INTEREST INCOME AND OTHER INCOME OF $29,776,281, WHICH INCLUDES $718,258 FROM FEDERAL FUNDS TO CDFI. TOTAL EXPENSES OF $27,688,353. 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 131 1 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 1 1 0 0 1 1 1 1 0 PR X COOPERATIVA DE AHORRO Y CREDITO ORIENTAL 7878520964 PO BOX 876 HUMACAO PR 00792 IDELFONSO RODRIGUEZ RIVERA VP FINANCE 40 0 X X 286110 0 16500 WILLIAM MENDEZ PAGAN EXECUTIVE PRESIDENTE 40 0 X X 283405 0 10616 AMARYLLIS AYALA HERNAIZ VP OPERATION 40 0 X 121075 0 10051 MAYRA MEDINA RIVERA VP OF CREDIT 40 0 X 105272 0 8828 ISRAEL QUINONEZ DIAZ PRESIDENT OF BOARD 10 0 X 0 0 0 WANDA G DIAZ DIAZ VP OF BOARD 10 0 X 0 0 0 ALMA M TIRADO PENA SECRETARY 10 0 X 0 0 0 JAIME RUIZ AGUIRRE DIRECTOR 10 0 X 0 0 0 FRANCISCO MOROLES BURGOS DIRECTOR 10 0 X 0 0 0 JUAN MERCED MATEO DIRECTOR 10 0 X 0 0 0 ISABEL VELAZQUEZ PENA DIRECTOR 10 0 X 0 0 0 FELIX BAEZ NERIZ DIRECTOR 10 0 X 0 0 0 PEDRO CINTRON HERNANDEZ DIRECTOR 10 0 X 0 0 0 795862 0 45995 4 0 1 0 RIVERA GIMENEZ ESTUDIO LEGAL URB DELGADO O-10 AVE JOSE VILARES CAGUAS PR 00725 LEGAL SERVICES 225652 RODRIGUEZ VIRELLA CONSULTING GROUP LLC URB CIUDAD JARDIN CALLE ALCANFOR 150 GURABO PR 00778 CONSULTING 120000 FISERV INC PO BOX 934057 ATLANTA GA 31193 TECHNOLOGY 838531 JIM CARIBBEAN BUILDERS CORP PMB 958 PO BOX 2500 TOA BAJA PR 00951 CONSTRUCTION 270592 DIEBOLD PO BOX 642543 PITTSBOURGH PA 15264 TECHNOLOGY 136804 6 0 0 0 0 718258 0 0 718258 0 20487713 20487713 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ATM network, ponints of sale and electronic transactions income 522130 3290029 3290029 0 0 Use of Special Temporary Reserve 522130 2145163 2145163 0 0 MasterCard Credit card management income 522130 680543 680543 0 0 2454575 2454575 0 0 8570310 29776281 29058023 0 0 X 795862 795862 4594526 4594526 242486 242486 331080 331080 500121 500121 467774 467774 579167 579167 353199 353199 139800 139800 51536 51536 60000 60000 6247095 6247095 0 1118107 1118107 1514526 1514526 Programming and mecanization 1113664 0 1113664 Repairs and maintenance 749594 0 749594 Provision for credit losses 1156506 0 1156506 Credit card, ATM network and sales points Management expenses 3622078 0 3622078 4051232 4051232 27688353 0 27688353 0 22989176 17673942 2000000 1500000 758608 644451 252044607 263719266 32314537 14965160 14306472 17349377 116734384 109318543 8275759 8631583 19815690 14681470 436924696 433518632 11548804 8655119 307932840 316304893 319481644 324960012 X 99686389 91221835 16179332 16406636 1577331 930149 117443052 108558620 436924696 433518632 X 2087928 -40040 0 0 0 -10932320 X 0 1 X 1 0 6067985 0 6067985 13372206 0 3775154 9597052 3043554 0 2770120 273434 9724992 0 8379949 1345043 105800 0 39937 65863 17349377 Deposits and Savings Certificates 316304893 316304893 29776281 0 0 0 0 0 29776281 0 0 0 29776281 27688353 0 0 0 0 0 27688353 0 0 0 27688353 0 0 0 WILLIAM MENDEZ PAGAN EXECUTIVE PRESIDENTE 283405 0 0 0 0 0 10616 0 0 0 294021 0 0 0 IDELFONSO RODRIGUEZ RIVERA VP FINANCE 286110 0 0 0 0 0 16500 0 0 0 302610 0 0 0 AMARYLLIS AYALA HERNAIZ VP OPERATION 121075 0 0 0 0 0 10051 0 0 0 131126 0 0 0 MAYRA MEDINA RIVERA VP OF CREDIT 105272 0 0 0 0 0 8828 0 0 0 114100 0 0 0 WILLIAM MENDEZ PAGAN EXECUTIVE PRESIDENT MORTGAGE LOAN X 418500 411695 0 1 1 MAYRA MEDINA RIVERA VP OF CREDIT CONSUMER LOAN X 19810 14032 0 1 1 MAYRA MEDINA RIVERA VP OF CREDIT CONSUMER LOAN X 1609 535 0 1 1 AMARYLLIS AYALA HERNAIZ VP OPERATIONS CONSUMER LOAN X 3582 3040 0 1 1 ISRAEL QUINONEZ CRUZ PRESIDENT OF BOARD DIRECTOR CONSUMER LOAN X 6103 736 0 1 1 ALMA M TIRADO PENA SECRETARY OF THE BOARD DIRECTOR CONSUMER LOAN X 10191 6039 0 1 1 ALMA M TIRADO PENA SECRETARY OF TH BOARD DIRECTOR CONSUMER LOAN X 30598 27274 0 1 1 WANDA DIAZ DIAZ VP OF BOAR DIRECTOR AUTO LOAN X 36624 26644 0 1 1 SABEL VELAZQUEZ PENA DIRECTOR AUTO LOAN X 36097 10199 0 1 1 JAIME RUIZ AGUIRRE DIRECTOR MORTGAGE LOAN X 45000 39957 0 1 1 JAIME RUIZ AGUIRRE DIRECTOR AUTO LOAN X 10280 5513 0 1 1 JUAN MERCED MATEO DIRECTOR MORTGAGE LOAN X 118400 83614 0 1 1 JUAN MERCED MATEO DIRECTOR AUTO LOAN X 38959 11783 0 1 1 FRANCISCO MORALES BURGOS DIRECTOR CONSUMER LOAN X 16164 6678 0 1 1 647739 Form 990, Part VI, Section A, Line 6 THE ORGANIZATION HAS MEMBERS CALLED "SOCIOS". EACH MEMBER MUST CONTRIBUTE $10 IN SHARES (PAR VALUE) UPON ADMISSION AND MUST CONTRIBUTE AT LEAST $120 IN SHARES ANNUALLY. Form 990, Part VI, Section A, Line 7a EACH YEAR THE ORGANIZATION CONDUCTS ITS ANNUAL MEMBERS MEETING, WHERE ACTIVE MEMBERS ELECT THE MEMBERS OF BOARD OF DIRECTORS FOR THE NEXT THREE YEARS. Form 990, Part VI, Section A, Line 7b ONLY THOSE AFFECTING THE GENERAL RULES OF THE ORGANIZATION. Form 990, Part VI, Section B, Line 11b THE ORGANIZATION HAS TO SEND A REPORT ON COMPLIANCE WITH LAWS AND REGULATIONS EACH TRIMESTER TO THE REGULATOR, IN THIS CASE, COSSEC. Form 990, Part VI, Section B, Line 15 THE BOARD OF DIRECTORS EVALUATES CEO PERFORMANCE ANNUALLY. THE CEO HAS A FORMAL EMPLOYMENT CONTRACT OR AGREEMENT. Form 990, Part VI, Section C, Line 19 EVERY YEAR, THE ORGANIZATION CONDUCTS ITS ANNUAL MEMBER MEETING, WHERE MEMBERS OF THE BOARD OF DIRECTORS ARE ELECTED FOR THE NEXT THREE YEARS. IN THIS MEETING, THE AUDITED FINANCIAL STATEMENTS ARE DISCUSSED AND ARE MADE AVAILABLE TO EVERY MEMBER AT THE MEETING. Form 990, Part IX, Line 24e Amortization of Loss under special amortization Act 220 $2,145,162; Goodwill amortization $113,040; Utilities $403,585; Bank charges $150,072; Governing bodies expenses $56,198; Credit report expenses $59,740; Hauling of funds and armored trucks $61,428; Security $118,460; Sales tax $148,416; Cooperative education $24,658; Contribution to Liga de Cooperativas de Puerto Rico $10,108; Employee and committees activities $69,579; Provision and losses in sales of repossessed properties $142,802; Sevicing and origination of mortgages expense $131,142; Debit and credit card claims $55,314; Employee deferred compensation plan $121,128; Other expenses $240,400 Form 990, Part XI, Line 9 Additional investment from members in shares $26,234,922; Withdrawals of shares from members ($35,199,476); Undistributed Earnings capitalized into shares $500,000; Unclaimed accounts transferred to Indivisible capital reserve $177,396; Release of the special temporary reserve ($2,145,163); Contribution to indivisible capital reserve $68,484; Contribution to Contingency reserve $136,967; CDFI Funds received and transferred to contingency reserve $718,259; Undistributed earnings transferred to contingency reserve $1,311,401; Other changes in Undistributed Earnings ($2,735,111)