Cooperativa De Ahorro Y Credito De La Universidad De Puerto Rico Universicoop

Cooperativa De Ahorro Y Credito De La Universidad De Puerto Rico Universicoop is a minority-owned, non-profit financial services organization registered in SAM.gov, serving low- and moderate-income communities in Puerto Rico. As a certified Community Development Financial Institution (CDFI), the organization focuses on providing financial products, services, and lending opportunities to underserved populations. Universicoop is structured as a corporate entity with tax-exempt status and is specifically recognized as a Hispanic American owned business located in San Juan, Puerto Rico.

The organization has consistently received federal grant awards from the U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund), primarily through targeted programs addressing economic recovery and community development. These grant awards include the Community Development Financial Institutions Program, Equitable Recovery Program, Rapid Response Program, and technical assistance grants, totaling approximately $6.118 million between 2021 and 2028. The grants specifically enable Universicoop to expand lending activities, increase access to capital for minority borrowers, acquire technology and staffing resources, and respond to economic impacts from the COVID-19 pandemic. Each grant focuses on building organizational capacity, providing financial services to low-income communities, and supporting economic revitalization through targeted investments. The grant periods range from two to five years, with completion dates extending through June 2028, demonstrating the organization's sustained commitment to community financial development in Puerto Rico.