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prima:Cooperatives receive $10.2 million in new federal appropriation

Eight island credit unions to receive capital from the federal Treasury Department to expand their lending capacity

September 30, 2024 - 3:56 PM

René Vargas Martínez, inclusiv´s vice president for Puerto Rico and the Virgin Islands, reported on the new federal Treasury Department grant to the island's cooperative sector. (Vanessa Serra Díaz)

The federal Treasury Department has announced a new allocation of $10.2 million in grants to be distributed among eight Puerto Rican credit unions and one federal credit union on the island, according to René Vargas Martínez, Vice President of Inclusiv for Puerto Rico and the Virgin Islands.

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