Notes to SEFA
The CFDA number 21.033 included in the Schedule 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 de Yauco, PR has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.
The Credit Union used the federal awards received in agreement and compliance with requirements of Federal Funds agreement. For the year ending June 30, 2024, the Credit Union received $3,717,900 and contributed $717,900 to their capital reserve and $3,000,000 to the allowance for credit losses.