The Cooperative Development Commission and the Pontifical Catholic University of Puerto Rico (PUCPR) are partnering to promote the co-op structure as an effective business model for entrepreneurship. CDCo-op Commissioner Glorimar Lamboy-Torres, PUCPR President Jorge Iván Vélez-Arocho signed an agreement recently that seeks to establish the foundations and joint work plans to develop and run services […]
A group of 32 credit unions in Puerto Rico received about $6 million in assignments from the U.S. Department of Treasury’s Community Development Financial Institutions Fund (CDFI Fund) to expand their services to economically disadvantaged communities. The allocation constitutes the largest amount granted by the U.S. Treasury to co-ops in Puerto Rico, reaching $10 million […]
A group of Puerto Rico credit unions filed an "adversary proceeding" before Judge Laura Taylor Swain, who presides over Puerto Rico's Title III bankruptcy proceedings.
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