Question 1

What is Cooperativa de Ahorro y Crédito del Centro?

Accepted Answer

Cooperativa de Ahorro y Crédito del Centro, commonly known as CENTROCOOP, is a savings and credit cooperative operating in Peru. It is classified as a Level 2 COOPAC (Cooperativa de Ahorro y Crédito no autorizada a captar recursos del público) under Peru's modular supervision scheme, with total assets between 600 and 65,000 taxation units (UITs).

As a cooperative financial institution, CENTROCOOP operates as a non-profit association dedicated to providing financial services exclusively to its cooperative members. The institution is supervised by the Superintendencia de Banca, Seguros y AFP (SBS) through its Superintendencia Adjunta de Cooperativas (SACOOP).

Question 2

When was Cooperativa de Ahorro y Crédito del Centro founded?

Accepted Answer

Cooperativa de Ahorro y Crédito del Centro was founded on October 20, 1962, with initial business activities beginning in October 1962. The institution has evolved over more than six decades, transitioning from its original designation as "Cooperativa de Servicios Multiples del Centro Ltda." to its current name as a specialized savings and credit cooperative.

The cooperative officially registered with the SBS under the new regulatory framework on March 22, 2019, receiving registration number 000290-2019-REG.COOPAC-SBS. This registration followed the implementation of Law 30822 (Ley COOPAC), which transferred supervision of Peru's credit cooperatives from FENACREP to the SBS.

Question 3

Where is Cooperativa de Ahorro y Crédito del Centro headquartered?

Accepted Answer

CENTROCOOP is headquartered in Lima, Peru. The institution's principal office is located at Jr. Junín 288, Cercado de Lima, in the capital city's historic downtown district.

The cooperative operates with approximately 77 employees and maintains its administrative operations in Lima's central business area.

Question 4

Where does Cooperativa de Ahorro y Crédito del Centro operate?

Accepted Answer

Cooperativa de Ahorro y Crédito del Centro operates primarily in the Lima region of Peru. As a Level 2 COOPAC, the institution focuses its operations on serving cooperative members within its designated geographic area.

The cooperative's operations are centered in Lima, with its main office located in the Cercado de Lima district. The institution serves members throughout the metropolitan Lima area.

Question 5

What services does Cooperativa de Ahorro y Crédito del Centro offer?

Accepted Answer

As a Level 2 COOPAC, CENTROCOOP offers a range of financial services exclusively to its cooperative members, including:

Savings Products: The cooperative accepts deposits from its members, helping them build savings for future needs. Members who have contributed for at least 24 months are protected under the Fondo de Seguro de Depósitos Cooperativo (FSDC), Peru's cooperative deposit insurance fund.

Credit Services: CENTROCOOP provides loans to its cooperative members, with credit evaluations and terms designed to meet the financial needs of the cooperative community. The institution follows SBS guidelines for prudent risk management and credit evaluation.

Member Services: As a cooperative, the institution provides services based on cooperative principles, where members are both owners and beneficiaries of the organization. Members participate in governance and decision-making processes.

The cooperative operates with computerized accounting and billing systems, enabling efficient financial management and member service delivery.

Question 6

What makes Cooperativa de Ahorro y Crédito del Centro unique?

Accepted Answer

CENTROCOOP distinguishes itself through its cooperative ownership model, where members are simultaneously the owners, customers, and beneficiaries of the institution. This structure ensures that the cooperative's primary focus is generating welfare for its members rather than maximizing profits.

Regulatory Compliance: The institution operates under SBS supervision following Peru's Law 30822, which established a comprehensive regulatory framework for credit cooperatives. This supervision ensures proper risk management and protection of member deposits.

Local Focus: With over 60 years of history serving the Lima community, CENTROCOOP has deep roots in Peru's capital and maintains a strong understanding of local financial needs. The institution's longevity demonstrates its stability and commitment to serving its member base.

Cooperative Principles: CENTROCOOP operates according to traditional cooperative values, including democratic member control, member economic participation, and concern for community development.

Question 7

What type of financial institution is Cooperativa de Ahorro y Crédito del Centro?

Accepted Answer

Cooperativa de Ahorro y Crédito del Centro is a Cooperativa de Ahorro y Crédito no autorizada a captar recursos del público (COOPAC), which is the Peruvian designation for a savings and credit cooperative that is not authorized to accept deposits from the general public.

COOPACs are specialized cooperative financial institutions that operate exclusively with their members under Peru's cooperative legal framework. They are distinct from banks, municipal savings banks, and other financial institutions in the regulated financial system. COOPACs are member-owned, non-profit associations focused on financial inclusion and member welfare.

Under the SBS modular supervision scheme established by Law 30822, CENTROCOOP is classified as a Level 2 COOPAC, indicating total assets between 600 and 65,000 UITs. This classification determines the scope of operations the cooperative can conduct and the regulatory requirements it must meet. The institution maintains Level 1 permitted operations, which defines the specific financial services it can offer to its members.

Cooperativa de Ahorro y Crédito del Centro

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About Cooperativa de Ahorro y Crédito del Centro in Peru