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prima:Cossec authorizes the closure of two additional credit union branches

In just four years, the sector has lost one-fifth of its entities, but financial fundamentals have improved, according to Cossec’s president

November 4, 2024 - 3:55 PM

Los datos colocan a las cooperativas como “el sector financiero de mayor crecimiento”. (Archivo/GFR Media)
Cossec's president indicated that they will not implement Law 99-2024 - Law for the Fiscal Reform of the Public Corporation for the Supervision of Credit Unions - which would create a plan for the government to pay these institutions for the losses they suffered due to the collapse of Puerto Rico's bonds.

The Public Corporation for the Supervision and Insurance of Cooperatives (Cossec) has begun the liquidation process of two more credit union branches, Mabel Jiménez Miranda, executive president of the regulatory agency, told El Nuevo Día.

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