Lomas Verdes Savings and Credit Cooperative

What Lomas Verdes Savings and Credit Cooperative does

Lomas Verdes Savings and Credit Cooperative (legal name: Cooperativa de Ahorro y Crédito Lomas Verdes, operating as Lomas Verdes Cooperativa / LVC) is a member-owned savings and credit cooperative headquartered at Ave. Nogal 3B #20, Urb. Lomas Verdes in Bayamón, Puerto Rico. Founded on March 4, 1965 by 16 parishioners of Parroquia San Agustín, the cooperative has grown to serve over 8,000 members and manage approximately $81 million in assets, supported by a staff of 11–50 employees. It operates as a community-based financial institution under Puerto Rican cooperative law, with deposits insured up to $250,000 by COSSEC, and is a member of the Co-op Shared Branches network providing access to over 100 branches in Puerto Rico and approximately 5,500 branches worldwide.

The cooperative's product platform spans deposit accounts (Share Account, Savings, Checking, Teen, La Lomita children's account, seasonal Navi Coop and Vera Coop accounts, and Commercial accounts) and a full lending suite (personal loans up to $40,000 with same-day Express Coop option, auto loans up to $80,000, mortgages through FEMBi Mortgage, emergency loans, collateral loans, credit lines, share-update loans, and B-Ready renewable energy loans), plus Mastercard Regular and Gold credit cards. The technology stack is partner-built rather than proprietary: digital banking is delivered via the Online Coop portal (OnlineCU infrastructure), mobile payments via the ATH Móvil application (Evertec), online loan and card payments via Allied Payment's PortalPay, and mortgage processing via FEMBi Mortgage. Distribution combines the single physical Bayamón branch, the online and mobile channels, and the shared-branch network.

The business model is a standard cooperative net-interest-margin model: revenue is generated primarily from interest charged on the loan portfolio (APR ranges of 3.95% for new auto, 4.95% for personal, 8.95% for balance transfers, and 13.75% on credit lines), supplemented by annual credit card fees, checking account credit-line fees, and commercial account service charges. The cooperative earns non-interest income through COSSEC-insured share accounts with a $120 annual minimum for active member status and $10 minimum opening savings accounts. GTM is community-led and direct-to-consumer: member acquisition is driven by community outreach, the Equipo Juvenil youth program (ages 18–29), the La Lomita children's program, member referrals, social media presence (Facebook, Instagram), and an Education Committee that publishes cooperative-principles content. Strategic capital is sourced in part from US Treasury CDFI Fund grants ($125,000 in 2019 and $4,957,678 in 2023).

Name

Lomas Verdes Savings and Credit Cooperative

Legal name

Cooperativa de Ahorro y Crédito Lomas Verdes

Website

https://lomasverdes.coop

Company type

Private

Founded year

1965

Operating status

Operating

Headcount range

11–50 employees

Short description

Lomas Verdes Cooperativa is a member-owned savings and credit cooperative in Bayamón, Puerto Rico, serving over 8,000 members with approximately $81 million in assets. It provides deposit accounts, personal and mortgage loans, Mastercard credit cards, and digital banking via the Online Coop portal and ATH Móvil.

Ownership category

akta.pro rank

Product category

Cooperative Banking (Credit Union Services)

NAICS

Credit Unions (522130), Credit Card Issuing (52221)

SIC

Personal Credit Institutions (6141)

akta.pro primary industry

Federations/Centrals & Cooperative Banking Networks (2nd-Tier Co-ops) (FSABAEAL)

akta.pro secondary industry

General-Purpose Credit Card Schemes (FSAMAAAA)

Keywords

• Cooperative banking services
• Credit union lending
• Mortgage loan services
• Savings account products
• Member-owned financial services

Headquarters

HQ city

San Juan

HQ country

Puerto Rico

HQ region

Latin America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Interest Income from Loans: Primary revenue from interest charged on various loan products including personal loans, auto loans, mortgage loans, emergency loans, and credit lines. Competitive rates offered as APR percentages.
2. Account Fees and Charges: Service fees on various account types including credit cards (annual fees), checking account line of credit, and commercial accounts. Savings accounts typically have no service charges for members.
3. Credit Card Fees: Annual fees charged to credit card holders. Mastercard Regular up to $5,000 limit and Mastercard Gold up to $10,000 limit.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels5 records

Core offering

Lomas Verdes Cooperativa is a member-owned savings and credit cooperative that provides retail banking products and consumer/SMB loans to its members in Puerto Rico. Its core offering spans deposit accounts (share, savings, checking, teen, children's, holiday/summer savings, and commercial accounts), a diversified loan portfolio (personal, auto, mortgage, emergency, collateral, share-update, credit line, and B-Ready solar/renewable energy loans), and Mastercard Regular and Gold credit cards, all delivered through a Bayamón branch, an online banking portal, a mobile payment app, and a shared-branch network.

Product overview

Lomas Verdes Cooperativa is a savings and credit cooperative (credit union) based in Bayamón, Puerto Rico, offering a comprehensive suite of financial products and services. The cooperative operates on a member-owner model where shareholders have voting rights and receive dividends. Core offerings include multiple account types (Share Account, Savings, Checking, Teen Account, La Lomita children's account, seasonal Navi Coop and Vera Coop accounts, and Business accounts), diverse lending products (Personal loans up to $40,000, Express loans, Mortgages through FEMBi Mortgage, Auto loans including electric vehicles, Emergency loans, Collateral loans, Share update loans, Credit Lines, and B-Ready solar/renewable energy loans), and Mastercard credit cards (Regular and Gold tiers). Digital services include Online Coop banking portal, Online Payments through Allied Payment, ATH Móvil mobile payments, and access to over 5,600 Coop Share Branches. The cooperative serves over 8,000 members with $81 million in assets as of 2025.

Differentiator

Problem solved

Functional benefit

Brands

• La Lomita: A children's savings account for kids, introduced in July 2023 with a mascot character named Lomita. The account generates monthly interest and annual dividends.
• Navi Coop
• Vera Coop

Products and services

• Cuenta de Acciones (Share Account) Membership/share account that makes members co-owners of the cooperative. Requires minimum $120/year. Allows members to vote in assemblies and receive annual dividends. Personal loans up to five times the share account balance available.
• Cuenta de Ahorro (Savings Account) Savings account available to members and non-members with $10 minimum opening. Offers competitive interest rates with ATH debit card accepted on the ATH Network in Puerto Rico and USA.
• Cuenta de Cheques (Checking Account) Personal or DBA checking account with complimentary ATH debit card accepted on the ATH Network. Includes optional credit reserve line from $1,000 to $5,000, subject to credit approval.
• Cuenta Teen Savings account for youth and teenagers aged 12-17, requiring $20 to open with parent or guardian authorization. Includes free debit card.
• Cuenta de Ahorro La Lomita Children's savings account featuring mascot Lomita. Generates monthly interest and annual dividends. Includes exclusive event invitations, direct deposit capability, and online account access for children.
• Navi Coop Holiday savings account for Christmas expenses, gifts, and seasonal spending. Minimum opening $10, opens in early November, matures end of October.
• Vera Coop Summer savings account for vacation expenses, school enrollment, and books. Minimum opening $10, opens in early June, matures end of May.
• Cuenta Comercial (Business Account) Commercial account for merchants with corporation or DBA, requiring minimum $500. Includes credit line option for DBA accounts.
• Préstamo Personal (Personal Loan) Personal loan up to $40,000 for debt consolidation, home improvements, or travel. Includes same-day response Express Coop option ranging from $500 to $5,000 that does not require membership.
• Préstamo Hipotecario (Mortgage Loan) Mortgage loans for property purchase or refinancing with competitive rates. Cooperative covers stamp and certificate fees. Administered through FEMBi Mortgage.
• Préstamo de Autos (Auto Loan) New auto loans up to $80,000 with maximum 84-month term. Used auto loans for models up to 5 years old. Special Energy-Drive electric vehicle loans available.
• Préstamo de Emergencia (Emergency Loan) Emergency loan from $500 to $5,000 with maximum 60-month repayment term.
• Préstamo Colateral (Collateral Loan) Loan secured by member's shares or deposits in the cooperative. Loans up to 95% of account balance with lower interest rates than regular loans.
• Préstamo para Actualizar Acciones (Share Update Loan) Loan at 3% interest rate allowing members to bring their share account current. Loan amount equals the amount needed to be up to date.
• Línea de Crédito (Credit Line) Credit line with maximum $5,000 borrowing capacity at 13.75% interest rate. Monthly payment depends on outstanding balance.
• Préstamo B-Ready Specialized loan for solar panels, solar water heaters, cisterns, and generators. Does not require cooperative membership. Documentation required from supplier and product for solar panel purchases.
• Mastercard Regular Mastercard credit card with credit limit up to $5,000. Monthly payment depends on balance. Annual fee applies.
• Mastercard Gold Mastercard Gold credit card with credit limit up to $10,000. Enhanced benefits tier above Regular Mastercard.
• Coop Share Branches (Shared Branching) Shared branching service allowing members to conduct transactions at over 100 shared branches in Puerto Rico and approximately 5,500 branches in the USA and internationally.

Quantifiable outcome

• $81 million in assets under management
• +2 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature3 records

Partnerships

Six partnerships are on record, tiered core.

• FEMBi MortgagecoreTechnology or IntegrationFEMBi Mortgage administers the cooperative's mortgage loan applications for property purchases and refinancing. They provide specialized mortgage services with all benefits of cooperative membership.
• ATH Móvil (Evertec)coreTechnology or IntegrationATH Móvil integration allows members to transfer money to individuals, make donations, and pay at businesses instantly. Supports both personal and business accounts (ATH Móvil Business).
• Allied PaymentcoreTechnology or IntegrationAllied Payment provides the online payment portal for loan and credit card payments at lomasverdes.alliedpayment.com/portalpay/
• Co-op Shared BranchescoreChannel Partner/ Reseller/ DistributorShared branching network allowing members to conduct transactions at over 100 branches in Puerto Rico and 5,500+ branches worldwide in US, Germany, Guam, Italy, and UK.
• OnlineCU (Online Coop Platform)coreTechnology or IntegrationOnline Coop banking platform provider enabling members to access accounts, perform transfers, view balances and statements, and access transaction history online.
• COSSEC (Corporación de Seguro de Sensibilidad Cooperative)coreOthersCOSSEC insures all savings and shares up to $250,000, providing deposit insurance for cooperative members (not a federal agency).

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• BECU (Boeing Employees Credit Union): A large US community credit union operating as a member-owned cooperative offering checking, savings, consumer loans, mortgages, and credit cards. Directly comparable as a member-owned credit union serving consumer financial needs with shared branching and digital channels.
• Navy Federal Credit Union: The largest credit union in the United States, operating as a member-owned, not-for-profit cooperative providing checking, savings, consumer loans, mortgages, and credit cards. Directly comparable as a member-owned credit union with the same core product model (deposits, loans, cards) at much greater scale.
• Alliant Credit Union: A US member-owned credit union operating primarily digitally, offering high-yield savings, checking, consumer loans, and credit cards. Directly comparable as a member-owned cooperative using digital channels to deliver core consumer financial products, with a similar lean operational model.
• SchoolsFirst Federal Credit Union: A large US member-owned credit union serving a defined membership community (California school employees and families), offering deposits, loans, mortgages, and credit cards. Directly comparable as a community-anchored, membership-defined credit union with the same product model and member-owner governance.
• PenFed (Pentagon Federal Credit Union): One of the largest US federal credit unions, operating as a not-for-profit, member-owned cooperative offering deposits, consumer loans, mortgages, and credit cards. Directly comparable as a member-owned credit union serving consumer financial needs at significantly larger scale.

Others

• CUNA Mutual Group: A credit union industry service organization providing insurance, lending, and protection products to credit unions and their members. Comparable as an industry-wide service provider in the credit union ecosystem that Lomas Verdes' members and the cooperative itself may leverage for deposit insurance, lending, and back-office services.
• Velera (formerly CO-OP Financial Services): The credit union-owned CUSO that operates the Co-op Shared Branches network that Lomas Verdes participates in (100+ PR branches, 5,500+ globally) and provides core processing, payments, and digital banking services to credit unions. Comparable as the key infrastructure/ecosystem partner that enables Lomas Verdes' shared branch and digital capabilities.

Broad incumbents

• Oriental Bank: A Puerto Rico-headquartered commercial bank offering consumer and commercial banking products. Comparable as a competing PR bank competing for the same member-customer relationships across deposit, lending, and credit card products.
• FirstBank Puerto Rico: A major Puerto Rico commercial and consumer bank offering deposits, mortgage, consumer lending, and credit cards, with branches across the island. Comparable as a competing depository institution for the same Bayamón-area consumer and small business deposits and loans.
• Banco Popular de Puerto Rico: The largest financial institution in Puerto Rico, offering the full suite of consumer and commercial banking products (deposits, loans, credit cards, mortgages) under a state-chartered bank model. Directly comparable as a PR consumer banking incumbent that competes for the same household and small business relationships as Lomas Verdes, but at vastly greater scale and with a broader geographic footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/lomasverdescoop
• Instagraminstagram.com/lomasverdescoop
• LinkedInlinkedin.com/company/lomas-verdes-cooperativa

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lomas Verdes Savings and Credit Cooperative