The Public Corporation for the Supervision and Insurance of Puerto Rico Cooperatives, known as Cossec, authorized credit unions to offer loan moratoriums to its members, according to its regulations. Pedro Roldán-Román, interim CEO of Cossec, said every cooperative wanting to help its members and customers whose incomes are affected following Gov. Wanda Vázquez’s state of […]
Given the emergency situation that Puerto Rico faces, credit unions will continue to operate during limited hours, with strict prevention measures, and offer their services online as usual, Credit Union Executives Association Executive Director José Julián Ramírez said. The 113 financial institutions have reinforced health measures since last week in the face of the COVID-19 […]
In response to the severe and extensive damage caused by a series of earthquakes that continue to impact Puerto Rico, the Federal Home Loan Bank of New York has announced $500,000 in donations to organizations leading relief efforts in the Commonwealth. In addition to the charitable contributions, the FHLBNY has $1 billion in disaster relief […]
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