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Savings and credit cooperatives have as their primary purpose, to promote, through the cooperative movement, full access to financial services, to act as regulator of prices, educate their members on the best management of their personal and family finances, promote gainful activity through self-employment, self-enterprise and the support of small enterprises, and the development of leaders to for the promotion of the cooperative movement and of the communities. In order to achieve these purposes, cooperatives must:\n(a) Promote the development and support of the cooperative movement and divulge its philosophy through educational programs;\n(b) encourage the habit of saving and the prudent use of credit in the people, by providing education on personal and family budgets, handling of personal finances, prevention of bankruptcy, and others;\n(c) develop educational programs addressed toward the technical training and development of volunteer leaders, professional leaders, and employees of cooperatives;\n(d) offer financial services to any person, whether or not they are members of the cooperative, under the most favorable terms and conditions within the conditions of the

employees of cooperatives;\n(d) offer financial services to any person, whether or not they are members of the cooperative, under the most favorable terms and conditions within the conditions of the market;\n(e) extend their capacity to serve in order to become the center of financial services for Puerto Rican families, and\n(f) encourage the establishment and operation of other cooperative enterprises, especially those that propitiate employment and agricultural, industrial, and livestock production, and those related to consumerism, housing and transportation.\nHistory —Oct. 28, 2002, No. 255, § 2.01.