Cooperativa De Ahorro Y Credito De Salinas

Cooperativa De Ahorro Y Credito De Salinas, doing business as Salicoop, is a minority-owned, woman-owned, and Hispanic American-owned non-profit organization registered in SAM.gov as a corporate entity with tax-exempt status. The organization is a Community Development Financial Institution (CDFI) that primarily focuses on providing financial services to underserved communities, with a strong emphasis on supporting low-income populations and promoting economic development. Salicoop operates as a cooperative credit union that delivers targeted financial products and technical assistance to help unbanked and underbanked populations gain access to affordable financial services.

Through federal grant awards from the U.S. Department of the Treasury's Community Development Financial Institutions Fund, Salicoop has received multiple project grants totaling $707,505 between 2021 and 2024. These grants, including the Community Development Financial Institutions Program and the Small Dollar Loan Program, have enabled Salicoop to establish and maintain small business loan programs, create loan loss reserves, and provide technical assistance to support economic revitalization. The organization's grant-funded activities focus on building organizational capacity, delivering financial services, and offering technical support to help low-income individuals and communities access affordable capital, build credit, and integrate into the mainstream financial system. The grants specifically support activities such as personal services, professional services, travel, training, equipment procurement, and initiatives designed to promote economic self-determination in targeted communities.