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VAPR Federal Credit Union invests $8M in new HQs

An artist rendering of VAPR Federal Credit Union’ future San Juan headquarters.

Through an $8 million investment, VAPR Federal Credit Union recently broke ground on its new 70,000 square-foot headquarters located on Rd. 177 in San Juan. The new facilities, which will house the company’s administrative offices and a covered parking area, should be finished by late 2013.

“The construction of this new building means a rebirth for VAPR Federal Credit Union, it’s the result of the union of wills, of an effort that began in 1950 with a small group of people at the VA Hospital, and today represents the best of Puerto Rico’s cooperative system,” said Ángel M. Lorenzo-Soto, general manager of VAPR Federal Credit Union, which has been in business for 30 years.

An important element in the construction of this new facility is that it will be built following environmentally friendly construction standards. This will include a rain harvesting system, a solar panel system, high efficiency air conditioners and a green roof-terrace area.

VAPR Federal Credit Union offers all traditional banking services, including Internet banking to its individual members as well as groups and companies in the areas of tourism, health, federal govenrment, and associations. The company has four branches in the San Juan metropolitan area.

Author Details
Author Details
Business reporter with 30 years of experience writing for weekly and daily newspapers, as well as trade publications in Puerto Rico. My list of former employers includes Caribbean Business, The San Juan Star, and the Puerto Rico Daily Sun, among others. My areas of expertise include telecommunications, technology, retail, agriculture, tourism, banking and most other segments of Puerto Rico’s economy.

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