Question 1

What is De Schakel Spaar- en Krediet Coöperatie?

Accepted Answer

De Schakel Spaar- en Krediet Coöperatie is a credit union operating in Suriname. It is one of the supervised credit institutions licensed by the Centrale Bank van Suriname under the Banking and Credit System Supervision Act 2011. As a cooperative financial institution, De Schakel serves its members by providing savings and credit services, operating on the principle of mutual assistance and financial cooperation.

The institution is part of Suriname's network of credit unions, which play an important role in financial inclusion for local communities alongside the country's primary commercial banks.

Question 2

When was De Schakel Spaar- en Krediet Coöperatie founded?

Accepted Answer

[Information not publicly available]

The specific founding date of De Schakel Spaar- en Krediet Coöperatie has not been disclosed in publicly available sources. However, the institution has been operating as a licensed credit union under supervision of the Centrale Bank van Suriname for several years, appearing consistently in the Central Bank's official lists of supervised credit institutions.

Question 3

Where is De Schakel Spaar- en Krediet Coöperatie headquartered?

Accepted Answer

De Schakel Spaar- en Krediet Coöperatie is headquartered in Paramaribo, the capital city of Suriname. According to the Centrale Bank van Suriname's official registry, the institution's registered address is Frederik Derbystraat 85, P.O.B. 2425, Paramaribo.

Frederik Derbystraat, formerly known as Rust en Vredestraat until 2006, is a major thoroughfare in Paramaribo that runs from Henck Arronstraat to Willem Campagnestraat.

Question 4

Where does De Schakel Spaar- en Krediet Coöperatie operate?

Accepted Answer

De Schakel operates primarily in Paramaribo and serves members throughout the capital region of Suriname. As a credit union, its operations are focused on serving its membership base within Suriname's coastal area where the majority of the population is concentrated.

The institution operates within the regulatory framework established by the Centrale Bank van Suriname for credit unions in the country.

Question 5

What services does De Schakel Spaar- en Krediet Coöperatie offer?

Accepted Answer

As a credit union (spaar- en kredietcoöperatie), De Schakel provides savings and credit services to its members. The core services typically include:

Savings Products: Members can deposit savings and earn interest on their accounts, encouraging financial discipline and capital accumulation.

Credit Facilities: The cooperative provides loans to members for personal, household, and small business purposes, with terms and conditions designed to serve the financial needs of the membership.

Member Services: As a cooperative institution, De Schakel operates on the principle of member ownership, where members are both customers and stakeholders in the organization.

Question 6

What makes De Schakel Spaar- en Krediet Coöperatie unique?

Accepted Answer

De Schakel distinguishes itself through its cooperative structure, which sets it apart from traditional commercial banks in Suriname. As a cooperative, the institution is owned by its members and operates for their mutual benefit rather than for external shareholders.

The credit union model emphasizes financial inclusion and accessibility, particularly for individuals who may have limited access to services from larger commercial banks. This member-focused approach aligns with the broader cooperative banking philosophy of "people helping people" that characterizes credit unions globally.

De Schakel is one of the relatively few credit unions in Suriname that has maintained its license and continues to operate under the supervision of the Centrale Bank van Suriname, demonstrating stability and regulatory compliance.

Question 7

What type of financial institution is De Schakel Spaar- en Krediet Coöperatie?

Accepted Answer

De Schakel Spaar- en Krediet Coöperatie is classified as a Credit Union (Spaar- en Kredietcoöperatie) under Surinamese financial law. This is one of the distinct categories of credit institutions recognized by the Centrale Bank van Suriname, separate from primary banks, investment companies, and savings funds.

Credit unions in Suriname must comply with the Banking and Credit System Supervision Act 2011 (Wet Toezicht Bank- en Kredietwezen 2011), which incorporates Basel Core Principles and requires licensing from the Central Bank. The Centrale Bank van Suriname maintains exclusive authority to supervise and regulate credit unions, ensuring they meet capital requirements, operational standards, and consumer protection obligations.

The cooperative structure means the institution is governed by its members through democratic processes, typically including an annual general assembly where members exercise voting rights.

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About De Schakel Spaar- en Krediet Coöperatie in Suriname