PenFed opens Humacao branch, expands investment in Puerto Rico
July 10, 2025
New financial center brings 17 jobs and boosts island-wide service network. #NewsismyBusiness
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Caribe Federal Credit Union expands with Universal Coop merger
September 24, 2024
Caribe Federal added two branches and increased membership to 58,000. #NewsismyBusiness
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PenFed Credit Union opens new financial center in Mayagüez
March 26, 2024
The 4,000-square-foot financial center has 11 employees. #NewsismyBusiness
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Floridacoop breaks ground on $2.3M branch in Barceloneta
February 13, 2024
The new branch is expected to open in mid-2025. #NewsismyBusiness
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Coop Manatí expands northern Puerto Rico footprint with $500K branch
January 17, 2024
The new branch, which serves a portfolio of 40,000 clients, is generating eight new jobs. #NewsismyBusiness
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CUNA Mutual Group announces name change to TruStage
June 13, 2023
The company’s new identity “reflects its outstanding growth and continuous improvement in the experience towards its affiliated cooperatives,” officials said. #NewsismyBusiness
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PenFed donates $50K for veterans’ trip; helps boost financial literacy
April 14, 2023
Veterans enjoy paid visit to D.C. memorials dedicated to their service, while students take advantage of interactive learning event. #NewsismyBusiness
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Cooperativa Rodríguez Hidalgo opens new $500K location in Ponce
August 16, 2022
The credit union already has three locations in southern Puerto Rico.
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Credit union, Consulate of the Dominican Republic partner to provide financial assistance
May 11, 2022
The Dominican community represents 16% of Puerto Rico’s population.
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FIDECOOP has $40.5M to create, strengthen co-op businesses
September 15, 2020
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 […]
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CooPACA invests $500K to open new branch in Trujillo Alto
August 11, 2020
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 […]
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Sagrada Familia credit union invests $9M in new Naranjito branch, tech upgrade
August 4, 2020
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 […]
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FedeCoop invests $3.7M in new headquarters
December 19, 2019
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 […]
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CooPACA invests $175K to upgrade Cataño branch
December 10, 2019
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 […]
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CooPACA, alchavo.com partner to offer payroll service automation
September 27, 2019
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 […]
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