At a glance
From its website, read 2 Nov 2026Cooperativa De Ahorro Y Credito De Lares is a credit union based in Lares, Puerto Rico. Its website describes auto loans, small-dollar emergency loans, personal loans and 1 other loan type. You can start an application online. It serves borrowers in Spanish.
Each point is backed by a quote further down this page. Terms change: confirm with the lender.
How to reach them and apply
| Main | (787) 897-2255 source |
|---|---|
| Apply online | Page with the application link |
| Website | www.larcoop.com |
| Office (official list) | PO BOX 362, Lares, PR 00669 |
What their website says about applying
Solicita tu préstamo en Línea
sourceIdentificación con foto vigente (Licencia o Pasaporte)
sourceTarjeta de Seguro Social (original)
sourceEvidencia de Ingresos (talonarios, certificación de empleo, estados de cuentas, etc.)
source
Phone numbers and addresses are the ones on the lender's own site and the CDFI Fund list. CDFI Atlas does not take applications.
Official record
CDFI Fund list, 21 Oct 2026| Institution type | Credit union |
|---|---|
| Native CDFI | No |
| Date certified (as listed) | 8 Jul 2026 |
| RSSD ID | 3872918 |
| Address | PO BOX 362, Lares, PR 00669 |
| Website | www.larcoop.com |
Head officeBranch or officeApproximate (ZIP code area)
Map data © OpenStreetMap contributors, © OpenMapTiles, tiles OpenFreeMap. Head-office points: U.S. Census Bureau geocoder.
Loans and eligibility
Verified from lender site on 2 Nov 2026Read from 7 pages of the lender's website on 2 Nov 2026. Quotes are verbatim. Extracted with AI help from the pages listed below and checked automatically against them. Not reviewed by a person. Confidence: medium. Loan amounts, terms and service area are not stated on the fetched pages, and the personal loan page is thin. Terms change — confirm with the lender before applying.
| Product | Amount stated | Text on the lender's site (verbatim, incl. menu labels) | Page |
|---|---|---|---|
| Auto / vehicle loans | — | Financiamiento para autos nuevos y usuados | source |
| Small-dollar / emergency loans | — | Préstamos para Emergencia | source |
| Personal / consumer loans | — | Haz tus sueños realidad con un Préstamo Personal. | source |
| Small-business loans | — | Línea de Crédito Comercial | source |
Loan sizes
No amounts stated on the pages we read.
Service area
Not stated on the pages we read.
Borrower focus
- Nonprofits
Préstamos a Instituciones sin Fines de Lucro
source
Languages
- Spanish
Conectate desde cualquier lugar usando nuestro homebanking, fácil y rápido con nuestro homebanking puedes realizar estas transacciones.
source
Online application
Yes — the site links to an application. Solicita tu préstamo en Línea
source
Pages read (7)
- https://larcoop.com/
- https://larcoop.com/service/prestamos-auto/
- https://larcoop.com/service/prestamos-personal/
- https://larcoop.com/service/prestamo-personal-old/
- https://larcoop.com/service/prestamos-personal-best/
- https://larcoop.com/service/otros-prestamos/
- https://larcoop.com/service/tarjetas-de-credito/
Questions to ask when you contact them
Based on what their website said when we read it on 2 Nov 2026, and what it left out. Something missing here does not mean they don't offer it: ask.
- Do you lend where I live, or where my business is?
Their website does not say which area they serve. - How do I become a member, and is there a fee or a minimum deposit?
Credit unions lend only to their members. - What are the smallest and the largest loans you make?
No loan amounts are stated on their website. - What is the APR, including fees, on your auto loans and small-dollar emergency loans?
Their website does not state an APR. The APR includes fees, so it is the number to compare. - What interest rate and fees should I expect on your small-business loans?
Their website does not state a rate for this. - Is there a minimum credit score, and do you consider borrowers with little or no credit history?
Their website does not say what credit history they accept. - What documents will you need from me, and how long does a decision usually take?
Their website describes some application steps (above); ask for the full document list.
Write down the answers, who you spoke to and the date, and ask for the terms in writing before you sign.
CDFI Fund awards
CDFI Fund database, 3 Nov 2026$6.9 million in 8 awards from the U.S. Treasury's CDFI Fund, 2019–2024 (5 programs).
| Round year | Program | Amount |
|---|---|---|
| 2024 | CDFI Program, Financial Assistance | $1,110,000 |
| 2024 | Small Dollar Loan Program | $287,417 |
| 2022 | CDFI Equitable Recovery Program | $2,478,839 |
| 2021 | CDFI Program, Financial Assistance | $701,530 |
| 2021 | CDFI Rapid Response Program | $1,826,265 |
| 2021 | Small Dollar Loan Program | $280,000 |
| 2020 | CDFI Program, Technical Assistance | $125,000 |
| 2019 | CDFI Program, Technical Assistance | $125,000 |
These are awards and investments made to the institution itself to build its capital and capacity. They are not loans to borrowers, and an award does not mean the lender has money available for a particular loan today.
Source: CDFI Fund Searchable Awards Database, all 12,628 award records (1996–2025), read 3 Nov 2026. Years are the award round as the database lists it. Matched to the official CDFI list by exact name and state; see the method on the About page.
What the regulator's figures show
COSSEC, 30 Jun 2026| Total assets | $242.5 million (up 2.7% from $236.0 million a year earlier) |
|---|---|
| Members (socios) | 16,975 (up 141 from a year earlier) |
| Full-time employees | 74 |
| Size | 17th largest of Puerto Rico's 91 cooperativas de ahorro y crédito by total assets |
Puerto Rico's cooperativas de ahorro y crédito are supervised and insured by COSSEC, the island's public corporation for cooperatives, not by the NCUA, so they do not appear in federal credit-union data. These figures come from the quarterly report each cooperativa files with COSSEC. Source: COSSEC, Estadísticas Industria Cooperativas de Ahorro y Crédito for the quarter ending 30 Jun 2026 (year-ago figures: quarter ending 30 Jun 2025), downloaded 7 Nov 2026. Size and members show scale, not what it would lend you.
Average rates across Puerto Rico's cooperativas
On loans already on their books on 30 Jun 2026, weighted by balance, across all 91 cooperativas: new-vehicle loans 6.20%, used-vehicle loans 9.74%, personal loans to members 9.10%, business loans to members 7.55%.
These are island-wide averages of existing loans. They are not an APR, not an offer and not this cooperativa's own rates. Ask the cooperativa for the APR it would charge you.
Home loans reported under HMDA (2025)
FFIEC HMDA data, 2025Cooperativa De Ahorro Y Credito De Lares reported 48 originated home loans for 2025 under the Home Mortgage Disclosure Act, totaling about $4.2M (median loan about $85,000). 31 were home-purchase loans.
By loan purpose
| Purpose | Loans | Share |
|---|---|---|
| Home purchase | 31 | 65% |
| Refinance (incl. 17 cash-out) | 17 | 35% |
By loan type
| Loan type | Loans | Share |
|---|---|---|
| Conventional | 48 | 100% |
Where the loans were made
Counties with the most 2025 originations, out of 13 counties with at least one; 100% of its 2025 loans were for properties in Puerto Rico:
- San Sebastian municipio, PR (10)
- Utuado municipio, PR (10)
- Lares municipio, PR (8)
- Arecibo municipio, PR (5)
- Las Marias municipio, PR (3)
- San Juan municipio, PR (3)
Filed under LEI 549300UVFLI1W4O27J10 as “Cooperativa de A\C Lares”; matched by its RSSD ID on the CDFI Fund list, which the HMDA reporter panel links to this LEI.
Source: FFIEC Home Mortgage Disclosure Act (HMDA) data for 2025, snapshot frozen 2 Jun 2026, loan-level records read through the CFPB HMDA Data Browser API on 3 Nov 2026. Originated loans only; applications that were denied, withdrawn or not accepted are not counted. HMDA publishes each loan amount as the middle of a $10,000 band, so totals and medians are approximate. Counts under 3 are not shown. How we match lenders.
How it compares
Computed from public data| Measure | This lender | Compared with |
|---|---|---|
| Home loans originated in 2025 (HMDA) | 48 | More than 22% of the 263 other certified CDFIs that reported 3 or more (120 at the median). Volume only; nothing here is an approval rate. |
How these comparisons were worked out
| Measure | Peer group (this lender left out) | Peers | Where this lender sits |
|---|---|---|---|
| HMDA home loans | certified CDFIs with 3+ originations in 2025, nationwide | 263 | more than 22% |
“Larger than X%” = the share of the peer group with a smaller value. Ranks count from the largest. Peer groups use the lender's home state when it has at least 5 peers, otherwise the whole country. Full definitions: methodology.
For comparison, not an offer and not a rating. Past records show what this lender did, not what you would be offered. Peer groups and sources: methodology. Home loans: FFIEC/CFPB HMDA data.
Other certified CDFIs in Lares and Puerto Rico
- COOPERATIVA AHORRO Y CREDITO DE MOCACredit union · Moca, PRAuto / vehicle loans, Small-dollar / emergency loans, Energy / solar / efficiency loans, Home mortgages…Verified
- COOPERATIVA DE AHORRO Y CREDITO AGUADILLACredit union · Aguadilla, PRAuto / vehicle loansVerified
- COOPERATIVA DE AHORRO Y CREDITO CUPEY ALTOCredit union · Cupey Alto, PRAuto / vehicle loans, Home mortgages, Personal / consumer loansVerified
- COOPERATIVA DE AHORRO Y CREDITO DE LA FEDERACION DE MAESTROS DE PUERTO RICO (FEDECOOP)Credit union · Rio Piedras, PRAuto / vehicle loans, Small-dollar / emergency loans, Personal / consumer loansVerified
- COOPERATIVA DE AHORRO Y CREDITO NAGUABENACredit union · Naguabo, PRAuto / vehicle loans, Small-dollar / emergency loans, Home mortgages, Personal / consumer loansVerified
- COOPERATIVA DE AHORRO Y CREDITO PADRE SALVADOR RUFFOLO (PARROCOOP)Credit union · Villalba, PRAuto / vehicle loans, Small-dollar / emergency loans, Home mortgages, Personal / consumer loansVerified
Work at Cooperativa De Ahorro Y Credito De Lares? Link to this page
Paste this into your website to show you are listed. If anything here is wrong, tell us first (how).
Something wrong or out of date on this page? Use the contact page or email contact@cdfiatlas.com and name the page.
CDFI Atlas is not a lender and does not give financial advice. Inclusion is not an endorsement, and lenders have not reviewed or approved these pages. Disclaimer.