The Arecibo Savings and Credit Cooperative (known as CooPACA in Spanish) has started to receive loan applications for the reopened Payroll Protection Program (PPP) that is administered by the U.S. Small Business Administration. The credit union is also processing applications for forgiveness of first round of PPP loans, it confirmed. CooPACA has already processed 250 […]
The Arecibo Credit Union, known as CooPACA in Spanish, inaugurated its new branch in the town of Trujillo Alto, following an $500,000 investment. The facility offers the credit union ways “to effectively serve clients facing the challenges imposed by the COVID-19 pandemic.” “The pandemic has altered the way of doing business for financial institutions starting […]
The Cooperativa de Ahorro y Crédito de Arecibo (CooPACA) announced a new collaborative agreement with the municipality of Cataño that will grant an economic incentive to high school students to stimulate personal savings and a culture of supporting credit unions. “This initiative is intended to contribute to an improved financial education for the younger generations […]
The Arecibo Credit Union (CooPACA, for its initials in Spanish) has invested more than $175,000 to build new drive-thru facilities at its Cataño branch, which will allow it to serve a greater number of customers, it announced. As a result of the investment, the access to the branch will be altered since vehicular traffic on […]
Credit union CooPACA has partnered with payroll processing firm alchavo.com to offer fully automated services payroll processing to customers, CooPACA CEO William Méndez-Pagán announced. “Through this alliance, we became the first credit union in facilitating access to a robust cloud-based technology platform that automates payroll processing. Our customers have requested this service and we have […]
The new location, slated to open later this month, joins CoopACA’s existing 13 branches.
The Arecibo Credit Union has invested some $1.5 million in a new technology platform that will add new services, improve customer experience, streamline banking transactions and provide new protections to customer data to make it safer, company President William Méndez-Pagán said. The migration of operations to the new platform will be completed by July 3, […]
The Savings and Loan Cooperative of Arecibo (CooPACA, for its Spanish acronym) announced Tuesday the reopening of its branch located in Cruce Dávila in the municipality of Barceloneta, after a $1 million investment.
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