Home
Contents
Explore
Search

Borinquen Community Credit Union

Overview
Back to Top

Borinquen Community Credit Union is a federal credit union based in Aguadilla, Puerto Rico. It has been opened since 1951, for 69 years.

With around $15,990,000 in assets, Borinquen Community Credit Union is considered to be a medium size credit union. It has 2 branches and 1 ATM locations.

About
Address Po Box 250474, Ramey
Aguadilla, Puerto Rico 00604
Website https://www.bcfcupr.com
Phone (787) 890-8251
Fax (787) 890-8040
CEO Sylvia E. Ramirez
President of the Board Eduardo Mac Cormick
Services Offered
Map
Back to Top
Score Card
Back to Top
69 years
Years in business
Opened in 1951
Well Capitalized
Net worth classification
Source: NCUA
1,949 members
Membership type: Community credit union
Below average number of members
205:1
Credit union member to staff ratio
205 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
$15,992,109
Total assets
Below average
2 branches
Compared with an average of 4 nationally and 3 in Puerto Rico
Above average number of branches
0.01%
Savings interest rate
Compared to 0.3% nationally
8.99%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
Back to Top
2 branches
Compared with an average of 4 nationally and 3 in Puerto Rico
Above average number of branches
Borinquen Community Credit Union Branch Locations

Borinquen Community Credit Union: Bcfcu
35 Ramey Shopping Center
Aguadilla, Puerto Rico 00603
ATM Available
Borinquen Community Federal Credit Union
148 Bda Felix Cordova Davila
Plaza Karoma
Manati, Puerto Rico 00674
No ATM
Members
Back to Top
1,949 members
Membership type: Community credit union
Below average number of members

With 1,949 members, the Borinquen Community Credit Union is considered to be a small credit union. It is smaller than 66% of credit unions.

Fees
Back to Top
$68
Average fee per member
The average fee per member at the Borinquen Community Credit Union is $68, which is high compared to most credit unions. This rate is higher than 65% of all credit unions.
Fees are higher than average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Borinquen Community Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
Back to Top
205:1
Credit union member to staff ratio
205 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
10 staff members
FTE (full-time equivalent)
10% of employees are part-time
9 full-time, 1 part-time

Borinquen Community Credit Union has 9 full-time staff members and 1 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 90% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Borinquen Community Credit Union has around 205 members per staff, a very low ratio compared to other credit unions. This is a very well staffed credit union.

Assets
Back to Top
$15,992,109
Total assets
Below average
Net worth
Back to Top
Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
11.9%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases
Back to Top
$10,850
Average loan and lease size
Loan & lease sizes are average sized. They are bigger than at 56% of credit unions.

Borinquen Community Credit Union holds a total of $10,170,000 in loans and leases, which is about $10,850 per member on average.

Savings interest rate
Back to Top
0.01%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Borinquen Community Credit Union pays 0.01%.

Loan rates
Back to Top
8.99%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
10.95%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
4.00%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
Back to Top
2.75%
New car loan rate
Compared to 4.0% nationally
6.75%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
Back to Top
3.50%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
Puerto Rico Employee Groups Credit Union
Location
San Juan, Puerto Rico
Members
1035
Assets
Net Worth Classification
Well Capitalized
Average Fee
Read More
Universal Coop Credit Union
Location
Rio Grande, Puerto Rico
Members
3,943
Assets
Net Worth Classification
Well Capitalized
Average Fee
Credit Card Loan Interest Rate
10.99%
Read More
Glamour Community Credit Union
Location
Quebradillas, Puerto Rico
Members
1134
Assets
Net Worth Classification
Well Capitalized
Average Fee
Read More
Puerto Rico Credit Union
Location
Caparra, Puerto Rico
Members
22,615
Assets
Net Worth Classification
Well Capitalized
Average Fee
Credit Card Loan Interest Rate
13.75%
Read More
Vapr Credit Union
Location
San Juan, Puerto Rico
Members
20,588
Assets
Net Worth Classification
Well Capitalized
Average Fee
Credit Card Loan Interest Rate
9.02%
Read More
Caribe Credit Union
Location
San Juan, Puerto Rico
Members
37,699
Assets
Net Worth Classification
Well Capitalized
Average Fee
Credit Card Loan Interest Rate
8.99%
Read More