The Puerto Rico Government Employees Association is a non-profit organization which seeks to stimulate government employees to save money, and offers them and their families a number of financial services and benefits. 

It started with only 120 members but today it serves more than 200,000 active and retired associates. It was born through the effort, dedication, and perseverance of honest public servants, who in turn gained the trust of their peers.

 In 1912, these government employees created a socioeconomic mechanism through which they would be able to save money and substitute regular moneylenders, who took advantage of their economic needs by imposing high interest rates.

In 1921, Representative Alfonso Lara Charriez presented a bill which then became Law 52 on July 11, 1921, known as the Government of Puerto Rico Savings and Loans Fund. This is how the dream of these public employees —among them Jesus María Molina, Jorge Felices, Luis Sevillano, Miguel A. Correa , Felix Hilera and Susano Bocanegra— came true.

Law 133, known as the Puerto Rico Commonwealth Employees Association Law, was passed on June 28, 1966, granting the power and authority to fulfill its founding mission to its Governing Corps.  On July 22, 2011, Law 144 was passed changing its name to the Puerto Rico Government Employees Association.

The Association’s growth under the administration of government employees has been unequalled. For over nine decades it has contributed to supporting and stimulating the progress of its associates and their families, by adding to all of the associates’ accounts the result of its performance in the form of dividends. Its solidity and progress significantly enable socioeconomic welfare in Puerto Rico.

During the 1960s, the Association amassed a net worth of $40 million. Today it has become a billion dollar institution with the prestige of an unquestionable example of economic firmness and healthy administration.

It offers a wide variety of financial services and products such as loans, individual retirement accounts (IRA), credit cards and mortgage loans. Other financial services consist of several types of insurances, such as life insurance, to benefit the associates and their family.  Additional benefits include a discount card, scholarships for associates and their children, legal services, sports and recreational activities, and a vacation center in Playa Santa, Guánica.

The Association’s main headquarters, is located in San Juan, Puerto Rico. In addition, to be more accessible, it has ten branches throughout Puerto Rico in Arecibo, Mayagüez, Ponce, Aguadilla, Humacao, Caguas, Carolina, Río Piedras, Santurce and Hato Rey.

The Association is always at the forefront at improving its services and offering its associates security and reliability by contributing to their economic, physical, and moral wellbeing. Its stability and development have contributed immensely to the socioeconomic security of Puerto Rico’s public sector.