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 communities. The allocation constitutes the largest amount granted by the U.S. Treasury to co-ops in Puerto Rico, reaching $10 million […]
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 the U.S. Small Business Administration. Puerto Rico has more credit unions certified as SBA Lenders than banking institutions and “they’re […]
Given the emergency situation that Puerto Rico faces, credit unions will continue to operate during limited hours, with strict prevention measures, and offer their services online as usual, Credit Union Executives Association Executive Director José Julián Ramírez said. The 113 financial institutions have reinforced health measures since last week in the face of the COVID-19 […]
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