Company facts
- Self-certified in SAM.gov
- Entity structure
- Corporate Entity (Tax Exempt)
- SAM.gov registration date
- Website
- coopmorovena.com
- Founded
- 1953
- Employees
- 11-50
- Estimated annual revenue
- $1M-$10M
- Industry
-
- Financials
- Banks
- Banking & Mortgages
- SIC code
- 60 Depository Institutions
Registration and certifications come from SAM.gov and the SBA; company details from public web sources. Updated .
Grant awards
Grant subawards
| Prime recipient | Prime award | Amount | Awarded |
|---|---|---|---|
| Inclusiv, Inc. | 84094301 | $704,000 |
Similar vendors
| Vendor | Location | Primary NAICS |
|---|---|---|
| Cooperativa Ciapr | San Juan, San Juan | — |
| Cooperative Ahorro Y Credito Lomas Verdes | Bayamón | — |
| Caribe Federal | San Juan, San Juan | — |
| San Rafael Coop | Quebradillas, Quebradillas | — |
About the company
Cooperativa De Ahorro Y Credito Morovena is a financial institution in Puerto Rico that offers a range of services and products, including loans, interest rates, and more. It is a minority-owned, non-profit community development financial institution registered as a corporate entity with tax-exempt status. The entity is also classified as a minority-owned business and a Hispanic American-owned organization.
Cooperativa De Ahorro Y Credito Morovena has received multiple project grants from the Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund). In 2023, it was awarded a $3.7 million grant through the Equitable Recovery Program to support expanded lending, grant making, and investment activities in low- and moderate-income communities disproportionately impacted by COVID-19 through December 2028. The funding will enable the entity to increase capital access for underserved borrowers and communities, as well as build capacity to provide additional financial products and services to Hispanic American groups affected by the pandemic. Previously, in 2021 and 2020, Cooperativa De Ahorro Y Credito Morovena received two $125,000 project grants under the CDFI Program to build organizational capacity and promote economic revitalization and community development. These grants supported technical assistance activities like compensation, professional services, travel, training, equipment, and incorporation costs to strengthen the entity's ability to serve eligible low-income communities and individuals lacking access to affordable financial products and services.
Quick answers
Is Cooperativa De Ahorro Y Credito Morovena registered in SAM.gov?
Yes. Cooperativa De Ahorro Y Credito Morovena's SAM.gov registration is active through September 10, 2027.
What is Cooperativa De Ahorro Y Credito Morovena's CAGE code?
Cooperativa De Ahorro Y Credito Morovena's CAGE code is 8HJA2, and its Unique Entity ID (UEI) is NZSJDVG4LNB9.
What is Cooperativa De Ahorro Y Credito Morovena's most recent federal award?
Cooperativa De Ahorro Y Credito Morovena's most recent federal grant award is To provide grants to community development financial institutions (CDFIS) for the following purposes 1) to expand… (22ERP061098G), from Community Development Financial Institutions Fund, on April 10, 2023.
On GovTribe
See Cooperativa De Ahorro Y Credito Morovena's full federal record
- Federal grant awards
- Funding analysis by agency, NAICS and set-aside
- Similar vendors