Cooperativa De Ahorro Y Credito De Isabela

Cooperativa De Ahorro Y Credito De Isabela, doing business as Coop Ahorro Isabela, is a minority-owned and Hispanic American-owned non-profit organization registered in the System for Award Management (SAM) since February 2021. As a Community Development Financial Institution (CDFI), the organization focuses on providing financial services and support to underserved and low-income communities, with a particular emphasis on delivering affordable financial products and supporting small businesses. The credit union is dedicated to promoting economic development and financial inclusion by offering alternatives to high-cost loans and creating pathways for unbanked and underbanked populations to access capital and build credit.

Through multiple federal grant awards from the U.S. Department of the Treasury's Community Development Financial Institutions Fund, Coop Ahorro Isabela has received substantial funding across several targeted programs. The organization has been awarded grants including a $1,110,000 CDFI Program Project Grant, a $321,141 Small Dollar Loan Program grant, a $213,497 Small Dollar Loan Program award, a $125,000 Technical Assistance grant, and a CDFI Equitable Recovery Program grant to respond to COVID-19 economic impacts. These grants specifically support the credit union's efforts to establish loan loss reserves, provide technical assistance, create small business loan programs, and build organizational capacity to serve low-income and minority communities. The grants enable Coop Ahorro Isabela to offer affordable financial services, provide technical support, create alternative lending options, and help unbanked populations access mainstream financial systems, with project periods extending through December 2027 or 2028.