Question 1

What is C-47 Coöp?

Accepted Answer

C-47 Coöp is a savings and credit cooperative (spaar- en kredietcoöperatie) operating in Suriname. Officially registered as "De Coöperatieve Vereniging Spaar- en Kredietcoöperatie C-47 G.A.," the institution serves as a member-owned financial cooperative providing savings and lending services primarily to its members.

C-47 Coöp is one of the small credit unions in Suriname's financial sector, representing a negligible share of the country's overall financial system assets. Unlike traditional commercial banks, C-47 Coöp operates on a cooperative basis, meaning it is democratically managed by its members rather than external shareholders.

Question 2

When was C-47 Coöp founded?

Accepted Answer

[Information not publicly available]

The specific founding date and historical details about C-47 Coöp's establishment are not readily available in public records. The institution has been consistently listed in the Centrale Bank van Suriname's supervised credit institutions registry since at least 2014, indicating it has been operating for over a decade under official supervision.

Question 3

Where is C-47 Coöp headquartered?

Accepted Answer

C-47 Coöp is headquartered in Paramaribo, Suriname, at Johan Adolf Pengelstraat 230. The Johan Adolf Pengelstraat is a major 2.6-kilometer street in Suriname's capital, named after former Premier Johan Adolf Pengel.

The street runs through a significant area of Paramaribo and is home to various institutions, making it an accessible location for the cooperative's members.

Question 4

Where does C-47 Coöp operate?

Accepted Answer

C-47 Coöp operates in Paramaribo, Suriname's capital and largest city. As a small credit union, its operational scope appears to be focused on serving members within the local Paramaribo community.

The cooperative does not have publicly documented branch networks or regional offices beyond its headquarters location.

Question 5

What services does C-47 Coöp offer?

Accepted Answer

C-47 Coöp provides fundamental cooperative banking services to its members, including:

Savings Services: Members can deposit funds and maintain savings accounts within the cooperative structure.

Credit Services: The cooperative extends loans to members, operating primarily within the household sector by taking deposits and providing credit facilities.

Membership-Based Banking: As a cooperative association, C-47 Coöp serves members who pay an entrance fee to become owners, granting them democratic participation rights in the institution's governance.

The cooperative's services are designed to promote financial inclusion and mutual support among its member base, consistent with the cooperative banking model.

Question 6

What makes C-47 Coöp unique?

Accepted Answer

C-47 Coöp distinguishes itself through its cooperative ownership structure, where members are simultaneously customers and owners of the institution. This democratic governance model ensures that the cooperative serves member interests rather than external shareholders.

As one of the small credit unions supervised by the Centrale Bank van Suriname, C-47 Coöp operates under the same regulatory framework as commercial banks, including the Banking and Credit System Supervision Act 2023 (BCSS 2023). Despite its small size, the institution must comply with comprehensive prudential and integrity supervision requirements.

The cooperative's focus on community-based financial services positions it as an alternative to commercial banks, particularly for members seeking a more participatory banking relationship within their local community.

Question 7

What type of financial institution is C-47 Coöp?

Accepted Answer

C-47 Coöp is a credit union (kredietcoöperatie) registered as a cooperative association ("G.A." stands for "Geregistreerde Associatie"). In Suriname's financial system, credit unions are classified as credit institutions under the Banking and Credit System Supervision Act 2023.

Credit unions in Suriname are defined as legal persons whose business mainly consists of obtaining repayable funds in the form of savings and extending loans or investments. They must be established with the legal form of a cooperative association and require a license from the Centrale Bank van Suriname to operate.

C-47 Coöp falls under the category of other depository corporations (ODCs), transacting almost exclusively with the household sector. While small credit unions like C-47 Coöp represent only approximately 0.1 percent of all financial sector assets in Suriname, they play an important role in providing accessible financial services to local communities through member-owned structures.

C-47 Coöp

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About C-47 Coöp in Suriname