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About Us

Brief History of our Credit Union

In the 1950's, specifically during the first months of 1955, the Cooperativa de Ahorro y Crédito de Rincón began to take form. Its first organizational meeting was celebrated on February 25, 1955, and it was led by Mr. Jaime Caro Ramos, a Credit Unions Agent from the District of Aguadilla. A provisional Board of Directors was named consisting of the following people:

President: Mr. Isidro Ramos Noriega
Vicepresident: Mrs. Luz Echevarría de Moreno
Secretary: Mrs. Crisol Nazario de Carrero
Treasurer: Mrs. Gloria Brignoni de Ruiz
Vocal: Mr. Isabel Caro Arroyo
Vocal: Mrs. Isabel R. García
Vocal: Mr. Julio Velázquez Luciano

These people were responsible for obtaining our first commercial space on the second floor of Farmacia Nueva, at the corner of Comercio and Unión Streets. In March 18, 1955 our credit union had twenty six (26) members and a capital that ascended to $80.50. The first Members' Assembly was celebrated there, on May 30, 1955.

On August 19, 1955 we already had ninety nine (99) members and the capital ascended to $784.75. In our fourth Members' Assembly, celebrated on November 1956, the loan norms were implemented, and that same month the COOPERATIVA DE AHORRO Y CRÉDITO DE RINCÓN was officially incorporated.

Currently we are in a solid economic situation, ranked in second place in “actives” among all the Credit Unions in Puerto Rico, according to the Corporation for Credit Union Supervision and Insurance (COSSEC, for its initials in Spanish).

We have over seventeen thousand (17,000) members and over six thousand (6,000) non-members. Thanks to the loyal and excellent sponsorship received from everyone, along with a dedicated team of voluntary work and an efficient professional team, we have achieved the goals and purpose that launched our Credit Union's organization over half a century ago.

It's only fair to recognize the work carried out by each President during the years of this Credit Union's existence:

Isidro Ramos Noriega (RIP), Héctor M. Sánchez Correa (RIP), Gilberto Moreno Rodríguez (RIP), Miguel Bonet Muñiz, Carlos Bonet Musri (RIP), Joaquín Caro Vargas (RIP), Ángel L. Cardona Moreno, Julio Velázquez Luciano (RIP), Germán Moreno Lorenzo, Woodrow Díaz Jiménez, Iván Pérez Moreno, José D. Rivera Moreno, Tomás Bonilla Feliciano (RIP), José Brignoni Acevedo, José A. Vega Ruiz, Liborio Pérez Muñiz, and our current president Roberto Feliciano Rosado.

Mission & Vision

Our Mission

The mission is defined as the Cooperativa's institutional reason for existing. The Cooperativa's current mission is the following:

“To provide financial services of excellence and quality to the community that we serve, that foster savings and rational use of credit, and serve as a base for improving Quality of Life and the Development of Rincón and adjacent areas, maintaining the solidity and efficiency that has always characterized us, God willing and with the support of our people.”

Our Vision

To continue being the best and most solid Credit Union in the West and all of Puerto Rico, through the lending of financial services of quality and excellence, and an efficient Administration.

To establish effective Teamwork between the Directors, Administration, and the Staff, that contributes to the financial, economic, technological, and entrepreneurial development of our Credit Union.

That through the lending of quality financial services and the social work of the credit union, the socioeconomic development of the community we serve is promoted.

To accomplish its mission, the Credit Union provides competitive financial services, providing the necessities of its members and the general community through the use of technology and a willing, capable, and competent staff, within the frame of the democratic and cooperative principles.