The Public Corporation for the Supervision of Puerto Rico Cooperatives, or COSSEC as the entity is known in Spanish, confirmed it is drafting a “fiscal stability plan” where the sector will present strategies to stabilize the island’s co-op system and its more than 1 million members.
The Church of God Mission Board, the first credit union to establish itself in Puerto Rico in more than a decade, opened recently in the northern town of Dorado, joining the prosperous cooperative movement.
U.S. Agriculture Secretary Tom Vilsack announced Monday that the agency is seeking applications from cooperatives to provide technical assistance to small, socially disadvantaged agricultural producers in rural areas.