Banco Cooperativo de Puerto Rico

Banco Cooperativo de Puerto Rico, commonly known as BanCoop, is a specialized cooperative bank that serves as the central financial institution for Puerto Rico's credit union movement. Established to support and strengthen savings and credit cooperatives across the island, BanCoop functions as a wholesale bank providing essential financial services, products, and infrastructure to affiliated credit unions. The institution plays a crucial role in channeling resources within the cooperative sector and contributing to the socioeconomic development of Puerto Rico.

Unlike traditional retail banks, BanCoop primarily serves credit unions rather than individual consumers directly. It acts as a banker's bank for cooperatives, offering credit products, electronic payment systems, card programs, and other financial tools that enable credit unions to better serve their members.