Aguadilla Cooperative

What Aguadilla Cooperative does

Cooperativa de Ahorro y Crédito de Aguadilla is a member-owned savings and credit cooperative (cooperativa de ahorro y crédito) founded on August 19, 1948 by fourteen Aguadilla citizens — Romulo Irizarry, William López, Euridice Morales, Ramón Sánchez, Jorge L. Acosta, Gerardo Rodríguez, Manuel Almeyda, Carmen Maria Almeyda, Alma Ortíz de Acosta, Emilio Vargas, Jose Reyes Colén, Pedro Duprey, Julio Quinones, and Luisa P. de Vega — who sought an alternative to the economic hardships of the 1940s. Operating from Aguadilla in Puerto Rico's Western Region (Región Oeste), the cooperative holds over $100 million in total assets and serves individual members and small businesses through three physical branches (the Avenida San Carlos headquarters, the San Antonio branch on Avenida General Ramey, and the Borinquen branch at Plaza Borinquén), backed by Home Banking on the Helvetia platform, native iOS and Android mobile applications, the ATH debit and ATM network, ACH direct deposit, and online statement access via Evertec ezview.

The product portfolio is anchored by deposit accounts — share (acciones), savings, checking, special, youth ("Tiburoncito"), and certificates of deposit — plus a full credit suite: personal loans ($500–$50,000, up to 120 months, 15% share requirement), new auto loans (up to $60,000, seven years, $250 minimum share), used auto loans (up to $40,000, 60 months), emergency loans ($500–$5,000, 48 months), secured loans collateralized up to 95% of member capital at interest rates from 5%, and three MasterCard credit-card tiers (Regular up to $5,000; Gold $5,001–$10,000; Estudiantil $300–$1,000) all priced at a uniform 7.95% APR. Member deposits are insured up to $250,000 by COSSEC under Puerto Rico cooperative law.

Revenue mechanics are those of a standard credit union: net interest spread between lending yields (5%–7.95%) and deposit costs, supplemented by transaction fees on official checks (from $1,000), MoneyGram money orders (up to $1,000), and utility bill-payment processing for AAA (water), AEE (electricity), cable, telephone, and cellular carriers. Distribution is sales-led and community-rooted through branches and word-of-mouth, supplemented by a Facebook and Twitter social presence, the aguacoop.com website, online account opening, and online loan applications. The cooperative has reported no acquisitions, no external investors, no published revenue, and operates within an 11–50 employee headcount band — no expansion beyond Puerto Rico is evidenced.

Name

Aguadilla Cooperative

Legal name

Cooperativa de Ahorro y Crédito de Aguadilla

Website

https://aguacoop.com

Company type

Private

Founded year

1948

Operating status

Operating

Headcount range

11–50 employees

Short description

Aguadilla Cooperative is a member-owned savings and credit cooperative founded in 1948 in Aguadilla, Puerto Rico, serving individual members and small businesses in the Western Region through three branches and digital channels, with deposit, lending, and MasterCard credit-card products backed by COSSEC deposit insurance.

Ownership category

akta.pro rank

Product category

Credit Union Services

NAICS

Credit Card Issuing (522210)

SIC

Personal Credit Institutions (6141)

akta.pro primary industry

Community Credit Unions (Retail/Consumer Focus) (FSABAEAA)

akta.pro secondary industries

Cooperative Banks (Member-Owned Commercial/Retail) (FSABAEAF), Community Development Credit Unions (CDCUs) (FSABAEAC)

Keywords

• Retail banking services
• Member savings accounts
• Personal lending products
• Credit card services
• Cooperative banking

Headquarters

HQ city

San Juan

HQ country

Puerto Rico

HQ region

Latin America

Offices3 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 Lending: The cooperative earns interest income from various loan products including personal loans, auto loans (new and used), emergency loans, and secured loans. Loan amounts range from $500 to $60,000 with terms up to 120 months.
2. Credit Card Fees and Interest: Revenue generated from MasterCard credit card products (Regular, Gold, and Student) including interest on purchases and cash advances at 7.95% APR, and membership/share requirements.
3. Account and Service Fees: Fees charged for various services including bill payment services (free for members, charges apply for non-members), sale of manager's checks (from $1,000), money orders (up to $1,000), and utility payments.
4. Deposit-Taking and Savings Products: Acceptance of savings deposits through various account types including Share Accounts, Savings Accounts, Checking Accounts, Special Accounts, Tiburoncito (children's) accounts, and Certificates of Deposit, which are used to fund lending operations.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels4 records

Core offering

Aguadilla Cooperative is a member-owned credit union offering deposit accounts (share, savings, checking, special, youth, and certificates of deposit), consumer lending (personal, new/used auto, emergency, and secured loans), three tiers of MasterCard credit cards (Regular, Gold, Estudiantil), and electronic banking services including Home Banking, mobile apps, ATH/ACH transactions, SMS notifications, and utility bill payment. It serves individual members primarily in the Western Region of Puerto Rico through three branches and digital channels.

Product overview

Aguadilla Cooperative (Cooperativa de Ahorro y Crédito de Aguadilla) is a credit union based in Aguadilla, Puerto Rico, offering a comprehensive suite of financial products and digital banking services. The cooperative operates on a multi-channel platform consisting of branch locations, online banking, and mobile applications. Its product portfolio centers on deposit accounts (share accounts, savings, checking, and certificates of deposit) and credit products (personal loans, auto loans for new and used vehicles, emergency loans, and secured loans). The cooperative also issues MasterCard credit cards across three tiers (Regular, Gold, and Estudiantil) and provides electronic banking services including ATM/ATH access, direct deposit, ACH transfers, utility bill payment, official check issuance, and mobile banking. With over $100 million in total assets, the institution serves as a financial pillar for the western region of Puerto Rico, having been founded in 1948.

Differentiator

Problem solved

Functional benefit

Products and services

• Cuenta de Acciones (Share Account) Membership share account required to join the cooperative and access its products and services. Forms the foundation for borrowing eligibility.
• Cuenta de Ahorros (Savings Account) Savings account offering secure deposit storage with competitive interest rates for members.
• Cuenta de Cheques (Checking Account) Checking account providing liquidity for daily transactions with associated debit/ATH card access.
• Cuenta Especial (Special Savings Account) Special savings account with enhanced features for members seeking specialized savings options.
• Cuenta Tiburoncito (Youth Savings Account) Youth savings account designed to teach children and young members about saving money.
• Certificado de Depósito (Certificate of Deposit) Term deposit certificate offering attractive interest rates for fixed-period savings.
• MasterCard Regular Standard credit card with credit limit up to $5,000.00 and 7.95% APR on purchases and cash advances. Subject to credit approval.
• MasterCard Gold Premium credit card with credit limit from $5,001.00 up to $10,000.00, 7.95% APR, optional life and disability insurance, $120 share requirement.
• MasterCard Estudiantil (Student) Student credit card with $300.00 to $1,000.00 credit limit, 7.95% APR, parents as guarantors, 5% of credit line in shares, and cash advance up to $400.00 at ATMs.
• Préstamo Personal (Personal Loan) Personal loan from $500.00 up to $50,000.00 for home improvements, repairs, or any personal need. Requires 15% in shares of requested amount; terms up to 120 months.
• Préstamo Auto Nuevo (New Auto Loan) New vehicle financing up to $60,000.00 with terms up to 7 years and minimum $250.00 share balance requirement.
• Préstamo Auto Usado (Used Auto Loan) Used vehicle financing up to $40,000.00 (up to 90% of vehicle value) with terms up to 60 months. Requires $250 minimum in shares and 'Doble Interest' insurance coverage.
• Préstamo Emergencia (Emergency Loan) Emergency loan from $500.00 to $5,000.00 for unexpected expenses like car or home repairs. Terms up to 48 months, requires 20% in shares; rapid approval.
• Préstamo Garantizado (Secured Loan) Secured loan using savings or certificate of deposit as collateral. Up to 95% of member's capital, terms up to 10 years, interest starting at 5%.
• Transacciones Electrónicas (Electronic Transactions Service) Electronic transaction services including ATH debit card access, direct deposit, and ACH for members to conduct banking without visiting branches, with 24/7 ATM access.
• Instrumentos Negociables (Negotiable Instruments) Negotiable instruments service offering official manager's checks from $1,000.00 and Money Gram money orders up to $1,000.00 for official transactions.
• Pago de Utilidades (Utility Bill Payment Service) Utility bill payment service for AAA (water), AEE (electricity), cable, telephone, and cellular bills. Free for members, with 5-day advance processing required.
• Home Banking (Online Banking Platform) Online banking platform providing 24/7 access to account information, unlimited transactions, fund transfers between accounts, loan payments, and credit card payments.
• Aplicación Móvil Aguadilla Coop (Mobile Banking Application) Mobile banking application available for iOS (Apple App Store) and Android (Google Play Store) enabling on-the-go account access and transactions.
• Notificaciones de Texto / SMS Account Activity Alerts Text message notification service alerting members to all account activity and movements in real time.

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature5 records

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Oriental Bank: Puerto Rico commercial bank offering full-service retail and commercial banking including deposits, consumer loans, and credit cards. Now part of the broader Popular, Inc. ecosystem but still operates as a competing regional incumbent.
• Banco Popular de Puerto Rico: The largest commercial bank in Puerto Rico, offering the same core products (deposits, consumer loans, credit cards) plus commercial banking, mortgage, and wealth management. Competes for the same retail member base but at much greater scale and with broader product breadth.
• FirstBank Puerto Rico: Major Puerto Rico commercial bank offering deposits, consumer loans, mortgages, and credit cards across the island. Overlaps with Aguadilla Cooperative's retail banking offering but serves commercial and consumer segments nationwide in Puerto Rico.

Regional players

• Cooperativa de Seguros Múltiples de Puerto Rico: Puerto Rico insurance cooperative affiliated with the broader cooperative movement. Not a direct credit/deposit competitor, but operates under the same cooperative principles and serves overlapping membership across Puerto Rico, making it an adjacent ecosystem peer.

Others

• COSSEC: Puerto Rico's cooperative deposit insurance corporation — the regulatory and insurance counterpart to NCUA/FDIC for the island's cooperativas. Comparable as the institutional counterparty that insures Aguadilla Cooperative's deposits up to $250,000.
• Evertec: Puerto Rico-based fintech and core banking technology provider that powers Aguadilla Cooperative's online statement platform and broader payment-processing infrastructure across the island. Adjacent as a critical technology enabler rather than a competitor.
• Liga de Cooperativas de Puerto Rico: Industry association that federates and supports Puerto Rico's cooperativas, including member cooperatives like Aguadilla. Comparable as an ecosystem participant governing cooperative standards, inter-coop cooperation, and shared services.

Direct peers

• Cooperativa de Ahorro y Crédito de Moca: Western Puerto Rico cooperativa operating in the same Región Oeste footprint as Aguadilla Cooperative, serving a similar rural-to-suburban member base with deposit and consumer-lending products. Strongest direct geographic peer.
• Cooperativa de Ahorro y Crédito de Vega Alta: Regional Puerto Rico cooperativa offering savings, checking, loans, and credit cards under the same COSSEC-insured cooperative framework. Comparable in scale, member-owned structure, and full-service retail banking offering.
• Cooperativa de Ahorro y Crédito de Arecibo: Another Puerto Rico member-owned savings and credit cooperative serving a regional member base in northern Puerto Rico with comparable deposit and consumer-loan products. Directly comparable in cooperative structure, regulatory regime (COSSEC), and product mix.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/AguadillaCoop1
• Facebookfacebook.com/Aguadilla-Coop-1646810405602911
• LinkedInlinkedin.com/company/cooperativa-de-ahorro-y-credito-de-aguadilla

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds1 record

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 Aguadilla Cooperative