COSSEC distributes $3.2 million in dividends to insured cooperatives

Mabel Jiménez Miranda, the executive president of the Public Corporation for the Supervision and Insurance of Cooperatives of Puerto Rico

By THE STAR STAFF

Mabel Jiménez Miranda, the executive president of the Public Corporation for the Supervision and Insurance of Cooperatives of Puerto Rico (COSSEC by its acronym in Spanish) announced Monday the distribution of $3,200,634 in dividends to insured savings and credit cooperatives as part of the 2025 fiscal year financial results, the highest in the organization’s history.

“This result is the product of responsible, transparent management committed to the stability of our cooperatives,” Jiménez Miranda said in a written statement. “When we manage with prudence and vision, the fruits of that effort return directly to the system.”

The Financial Statements Audit Report for fiscal year 2025 reflects a $31.3 million increase in total assets, reaching $339.3 million, while revenues grew by $988,000 and expenses decreased by $3.5 million. The corporation’s net worth reached $258.1 million.

During COSSEC’sAnnual Information Meeting, it was highlighted that the capital-to-free reserve ratio reached 2.58%, exceeding the minimum required by law. Additionally, 91 active cooperatives, 1.16 million members, and more than $12.4 billion in assets under management were reported.

The event was attended by local and international cooperative leaders, as well as legislative representatives who reiterated their support for strengthening the cooperative system in Puerto Rico.