Caribe Federal added two branches and increased membership to 58,000. #NewsismyBusiness
The 4,000-square-foot financial center has 11 employees. #NewsismyBusiness
The new branch is expected to open in mid-2025. #NewsismyBusiness
The new branch, which serves a portfolio of 40,000 clients, is generating eight new jobs. #NewsismyBusiness
The company’s new identity “reflects its outstanding growth and continuous improvement in the experience towards its affiliated cooperatives,” officials said. #NewsismyBusiness
Veterans enjoy paid visit to D.C. memorials dedicated to their service, while students take advantage of interactive learning event. #NewsismyBusiness
The credit union already has three locations in southern Puerto Rico.
The Dominican community represents 16% of Puerto Rico’s population.
The Cooperative Development and Investment Fund (FIDECOOP, in Spanish) announced the availability of $40.5 million in funds for the strategic financing of companies organized under the cooperative model, the entity confirmed. This fund is the product of the contributions by credit unions and a co-investment agreement with the government established since 2002. FIDECOOP also provides […]
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 […]
As part of a comprehensive infrastructure and technology investment plan that exceeded $9 million, the Sagrada Familia credit union inaugurated a new branch in Naranjito, which also houses its first mortgage center in the mountain region. The recently inaugurated building represents the completion of a modernization period the cooperative began several years ago, which included […]
The Puerto Rico Teachers Federation Credit Union (FedeCoop, for its initials in Spanish) recently inaugurated its new headquarters in Río Piedras, for which it invested $3.7 million. During the past 10 years, the institution has had growth that has led it to hire more staff and expand its facilities. The new facilities have a drive-thru […]
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 Puerto Rico Federal Credit Union recently received the Community Development Financial Institutions Fund certification, becoming the first local federal co-op to obtain the endorsement from the US. Department of the Treasury. The CDFI Fund plays an important role in creating opportunities and economic growth, particularly in communities that lack resources for their development. Puerto […]
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