direct line

(787) 977-2202

​​TOLL FREE: 1 (800) 981-7202




The Board of Directors seeks to lead our Cooperative towards a better future. To ensure that we maintain the same economic stability that has characterized us for years, we adjust the interest rate efective January 1, 2024.


Cooperativa de Ahorro y Crédito Rafael Carrion, Jr. © ALL RIGHTS RESERVED. 

savings account

​COSSEC insure your shares and deposits up to $250,000.  The Cooperativa de Ahorro y Crédito Rafael Carrión, Jr. is not insured by the Federal Government. The Federal Government doesn't secure or guarantee your money in this Institution.​

Our Cooperative offers a Group Life Insurance and an exclusive cancer cover for our members. In addition, our Cooperative provides a free Loan Insurance and Funeral Insurance for its members.

Our Cooperative is another of your benefits, whose main purpose is to stimulate the habit of saving and the prudent use of credit.

Our Vision is to expand our service capabilities to become the main financial center of our members.

In the Public Corporation for the Supervision and Insurance of Cooperatives of Puerto Rico (COSSEC) they watch over the integrity and financial strength of the Cooperative Movement on the island. Through the fair, equitable and effective supervision, and control of all cooperatives.  

They ensure the trust of the savings and credit sector, providing stock and deposit insurance for their partners and depositors up to $ 250,000.00.​


The acquisition of shares increases your capacity as member owner of the Cooperative.  Every share has a par value of $10.00. According to the operational surplus of the Cooperative. 


about us

¿How much we must contribute to

be members?

Biweekly we can contribute in savings from a minimum of $5.00 biweekly or $10.00 monthly, up to a maximum of $500.00 biweekly or $1,000.00 monthly. Every member must subscribe at least 12 annual shares. Dividends are distributed annually in accordance with leftovers and are exempt from payment of contributions.