Aerial view of San Juan, Puerto Rico. (Source: Shutterstock)
Certified Community Development Financial Institution (CDFI) intermediary Inclusiv has become the first U.S.-based investor to support Puerto Rican cooperativas, according to a Monday announcement. The New York, N.Y.-based organization, in partnership with Deutsche Bank Americas Foundation, completed its first capital deployment on Dec. 16, 2022 into Cooperativa de Ahorro y Credito Jesús Obrero.
Inclusiv said the initial investment, totaling $1 million, was made possible by a Program-Related Investment (PRI) loan under Deutsche Bank Americas Foundation's New Initiatives Fund. The Fund, created in 1997 by Deutsche Bank, "provides flexible financing that serves the needs of the poor and disadvantaged communities within the United States and throughout the developing world," according to Deutsche Bank USA's website.
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Natasha Chilingerian
Natasha Chilingerian has been immersed in the credit union industry for over a decade. She first joined CU Times in 2011 as a freelance writer, and following a two-year hiatus from 2013-2015, during which time she served as a communications specialist for Xceed Financial Credit Union (now Kinecta Federal Credit Union), she re-joined the CU Times team full-time as managing editor. She was promoted to executive editor in 2019. In the earlier days of her career, Chilingerian focused on news and lifestyle journalism, serving as a writer and editor for numerous regional publications in Oregon, Louisiana, South Carolina and the San Francisco Bay Area. In addition, she holds experience in marketing copywriting for companies in the finance and technology space. At CU Times, she covers People and Community news, cybersecurity, fintech partnerships, marketing, workplace culture, leadership, DEI, branch strategies, digital banking and more. She currently works remotely and splits her time between Southern California and Portland, Ore.
