The Community Development Financial Institutions Fund awarded $5.5 million in technical assistance to 44 credit unions in Puerto Rico. The CDFI fund allocations are intended to reinforce credit union’s financial ability to develop products aimed at low-income populations with affected credit, young people with no credit history, and vulnerable communities that lack adequate access to […]
Puerto Rico credit unions “have a great opportunity” for expansion with the growing Puerto Rican migratory flow to the US mainland, where they can also grab part of the Hispanic market that does not yet have banking services, according to a study by local analysis firm Estudios Técnicos. Other growth challenges for Puerto Rican credit […]
The Puerto Rico Credit Union Executives Association (ASEC, in Spanish) announced its upcoming 20th local convention under the slogan “Cooperative Reinvention: Human, economic and digital approach” on Sept. 24-25. The event, which will take place at the Embassy Suites Dorado del Mar Beach Resort will be in person and will comply with all security protocols […]
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