The funding aims to expand affordable loans and drive economic growth. #NewsismyBusiness
The company announced the process of changing its name as part of its “move toward the future at the service of Puerto Rican credit unions.” #NewsismyBusiness
The Teller Window, a publication from the New York Fed, highlights the increase to 86 cooperativas now certified as CDFIs. #NewsismyBusiness
The initiative drives innovation and connectivity for member services. #NewsismyBusiness
The island’s Economic Development Bank partners with the U.S. Treasury to expand credit options. #NewsismyBusiness
With these donations, the company seeks to support small businesses and nonprofits that play a vital role in the local economy. #NewsismyBusiness
The heads of cooperatives from all over Puerto Rico have come together to create the Association of Co-op Presidents and Elected Leaders Inc., which aims to defend the best interests of local cooperative members, estimated at a million. This new organization brings together members who were elected by their peers to compose the boards of […]
The U.S. Department of Agriculture is seeking input on ways to make it easier for nonprofit groups and other organizations to help businesses form cooperatives. The agency is seeking recommendations to streamline application requirements and make other improvements to the Rural Cooperative Development Grant (RCDG) program, said Luis R. García, USDA Rural Development acting state […]
The Corporation for the Supervision and Insurance of Puerto Rico Cooperatives, known as COSSEC in Spanish, is moving forward in striking up talks with Cuban counterparts, to ultimately set off diplomatic relations between both islands, and other Caribbean jurisdictions.
Tired of ATM fees, overdraft penalties, charges for checking account maintenance, among other service expenses, customers are tilting more toward credit unions over commercial banks, the most recent report by the American Customer Satisfaction Index, overseen in Puerto Rico by Anderson Research International, concluded.
The Corporation for the Supervision and Insurance of Puerto Rico Cooperatives, known as COSSEC in Spanish, wrapped up Fiscal 2013 with $229.2 million in assets, a 5.86 percent year-over-year increase, President Daniel Rodríguez-Collazo said during the entity’s annual convention this weekend.
The island’s cooperative sector added a dozen new players Wednesday, following the certifications of as many groups to operate businesses under that concept on the island, the Puerto Rico Cooperative Development Commission, known as CDCOOP, announced.
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA