Question 1

What is Caja Popular Yuriria?

Accepted Answer

Caja Popular Yuriria is a savings and loan cooperative (Sociedad Cooperativa de Ahorro y Préstamo) based in Guanajuato, Mexico. The cooperative serves over 4,200 active adult members and more than 450 minor savers, providing accessible financial services to communities in the Bajío region. The institution operates with a mission to improve the economic conditions of its members through savings, credit, and financial education.

Caja Popular Yuriria is authorized and supervised by the Comision Nacional Bancaria y de Valores (CNBV) and operates at Level I, offering comprehensive financial services with deposit insurance protection.

Question 2

When was Caja Popular Yuriria founded?

Accepted Answer

The cooperative movement that led to Caja Popular Yuriria began on January 27, 1990, when a group of residents in Yuriria, Guanajuato, initiated discussions to establish a cooperative financial institution. Initially, it operated as a branch of Caja Popular "La Luz de Salvatierra," opening its first provisional office on February 15, 1990.

On April 18, 1996, the cooperative formally separated and became independent, being officially constituted before Notary Public Number 5, Licenciado Juan Alfredo Guzman Ayala, as an independent legal entity. The cooperative received its official authorization from the CNBV on August 6, 2013, with publication in the Diario Oficial de la Federacion on September 13, 2013.

Question 3

Where is Caja Popular Yuriria headquartered?

Accepted Answer

Caja Popular Yuriria's headquarters and corporate offices are located at Miguel Hidalgo No. 39, Colonia Centro, in Yuriria, Guanajuato. The cooperative acquired and inaugurated this property in February 2011, establishing a permanent home for its administrative and operational functions.

Question 4

Where does Caja Popular Yuriria operate?

Accepted Answer

Caja Popular Yuriria operates primarily in Guanajuato, with its main presence in the municipality of Yuriria. The cooperative expanded beyond its home state in July 2006, opening its first branch in Cuitzeo, Michoacan, which was inaugurated in February 2007.

The cooperative focuses on serving communities that have been historically underserved by traditional banking institutions, particularly areas with lower socioeconomic status.

Question 5

What services does Caja Popular Yuriria offer?

Accepted Answer

Caja Popular Yuriria offers comprehensive financial services including savings accounts for adults and minors, fixed-term investment products with competitive rates, and various credit products tailored to member needs. These include personal loans, auto loans, housing loans, and productive loans for business development.

The cooperative provides additional services such as remittance services, bill payment facilities, financial education programs, and support for community development projects. All deposits are protected by deposit insurance through FOCOOP up to 25,000 UDIs per member.

Question 6

What makes Caja Popular Yuriria unique?

Accepted Answer

Caja Popular Yuriria operates with a strong commitment to community development and member welfare. The cooperative has supported educational institutions, social and sports activities, and various community benefit programs throughout its history.

The cooperative's democratic structure ensures each member has equal voting rights and participates in governance decisions. This member-centric approach prioritizes improving members' quality of life over profit maximization, offering accessible credit with reasonable rates and competitive savings returns that traditional banks often don't provide to underserved communities.

Question 7

What type of financial institution is Caja Popular Yuriria?

Accepted Answer

Caja Popular Yuriria is a Sociedad Cooperativa de Ahorro y Préstamo (SOCAP), Mexico's legal framework for savings and loan cooperatives. SOCAPs are non-profit financial institutions belonging to the social economy sector.

The cooperative is authorized by the CNBV and operates at Level I, which indicates assets between 2.5 million and 10 million UDIs. This classification determines the scope of financial operations the cooperative can conduct and the regulatory requirements it must meet under the Ley para Regular las Actividades de las Sociedades Cooperativas de Ahorro y Préstamo.

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