Notes to SEFA
The CFDA number included in this Schedule (21.033) is determined based on the program name, review of grant contract information and the Office of Management and Budget’s Catalogue of Federal Domestic Assistance.
Cooperativa de Ahorro y Crédito Federación de Maestros (FEDECOOP), PR has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
For the year ending June 30, 2024, the Credit Union received $3,125,000 and contributed $2,000,000 to their capital reserve and $633,258 to the allowance for credit losses, the remainder was used for equipment and expenses included as part of the agreeement. Also, the Credit Union spent $125,000 on assistance and equipment.