Puerto Rico credit unions could dip into $3B federal revitalization fund
December 29, 2020
The Public Corporation for the Supervision and Insurance of Puerto Rico Cooperatives (COSSEC, in Spanish) confirmed that local credit unions will be able to access some $3 billion in budgetary allocations included in the new ...
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U.S. Treasury assigns $6M to 32 Puerto Rico-based credit unions
September 25, 2020
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 ...
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Puerto Rico credit unions ‘ready’ to process SBA loans for small businesses
April 23, 2020
The Credit Union Executives Association (ASEC, in Spanish) announced that credit unions that have members who own businesses and commercial clients, are ready to process loan applications for the second round of assistance funding through ...
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