LATHAM, N.Y. — The New York State Credit Union League has broken new ground by accepting as an associate member its first Puerto Rican Credit Union, the league has announced.
The Abraham Rosa Cooperativa is the first Puerto Rican credit union to take advantage of the opportunity, which was fostered in part by the World Council of Credit Unions. Abraham Rosa's arrival culminated an effort to further cooperation between credit unions on the island and in New York State that began in August 2005.
As associate members, the Puerto Rican credit unions will have all the rights and abilities of members short of sitting on the board and the ability to vote, according to League General Counsel Mike Lanotte. In particular they will have access to league compliance resources.
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