Question 1

What is COOPAC San José Cartavio?

Accepted Answer

COOPAC San José Cartavio is a savings and credit cooperative (Cooperativa de Ahorro y Crédito) operating in Peru. It is a Level 2 COOPAC registered with the Superintendencia de Banca, Seguros y AFP (SBS) under registration number 000239-2019-REG.COOPAC-SBS.

The cooperative serves its members in the La Libertad region, focusing on providing accessible financial services to local communities. As a cooperative, it operates as a non-profit association owned by its members, who are also its primary customers.

COOPAC San José Cartavio employs approximately 66 workers and maintains computerized accounting and invoicing systems.

Question 2

When was COOPAC San José Cartavio founded?

Accepted Answer

COOPAC San José Cartavio was founded on September 2, 1959. The cooperative was established to provide savings and credit services to members of the local community in the Cartavio area.

For over 65 years, the institution has served the financial needs of its members in the agricultural region of Ascope province. The cooperative was originally registered under the name "Cooperativa de Ahorro y Credito San Jos" before adopting its current official name.

Question 3

Where is COOPAC San José Cartavio headquartered?

Accepted Answer

COOPAC San José Cartavio is headquartered at Calle Real No. 37, Cartavio, in the district of Santiago de Cao. The cooperative's legal address is located in the Ascope province of the La Libertad region in northern Peru.

The headquarters serve as the main office for the cooperative's operations in the region.

Question 4

Where does COOPAC San José Cartavio operate?

Accepted Answer

COOPAC San José Cartavio operates primarily in the La Libertad region of Peru, with its main presence in Ascope province. The cooperative serves members in Santiago de Cao district and surrounding areas of the coastal agricultural zone.

As a Level 2 COOPAC, the institution is authorized to operate within specific geographic areas defined by its member base. The cooperative focuses on serving communities in the northern coastal region of Peru where sugarcane cultivation and agricultural activities are prominent.

Question 5

What services does COOPAC San José Cartavio offer?

Accepted Answer

As a savings and credit cooperative, COOPAC San José Cartavio offers core financial services to its members, including:

Savings Products: Various savings account options that allow members to deposit funds and earn returns on their deposits. Member deposits are protected under the Fondo de Seguro de Depósitos Cooperativo (FSDC), Peru's cooperative deposit insurance fund.

Credit Products: Loans and credit facilities designed for members' personal, family, and productive activities. These may include consumer loans, agricultural loans, and other credit products tailored to member needs.

Member Services: As a cooperative, members receive dividends on their capital contributions and participate in democratic governance through general assemblies.

The cooperative operates under the regulatory framework established by the SBS and Law No. 30822 (Ley COOPAC), which governs credit unions not authorized to capture deposits from the general public.

Question 6

What makes COOPAC San José Cartavio unique?

Accepted Answer

COOPAC San José Cartavio distinguishes itself through its deep roots in the Cartavio agricultural community, having served members for over six decades. The cooperative's location in a historically important sugarcane-producing area positions it to understand the specific financial needs of agricultural workers and local entrepreneurs.

As a member-owned cooperative, COOPAC San José Cartavio operates under cooperative principles that prioritize member benefit over profit maximization. Members have voting rights in cooperative decisions and share in the institution's surplus.

The cooperative is registered in Peru's National Registry of Suppliers (Registro Nacional de Proveedores), enabling it to participate in government contracting processes. This demonstrates institutional credibility and formal recognition beyond its core financial services.

Question 7

What type of financial institution is COOPAC San José Cartavio?

Accepted Answer

COOPAC San José Cartavio is a Cooperativa de Ahorro y Crédito No Autorizada a Captar Recursos del Público (Credit Union Not Authorized to Capture Deposits from the Public), which is a specific type of financial cooperative in Peru.

Under Peru's modular regulatory scheme established by Law No. 30822, COOPAC San José Cartavio is classified as a Level 2 COOPAC (Nivel 2). This classification is based on the institution's asset size (between 600 and 32,500 UIT) and determines the applicable regulatory requirements and permitted operations.

Level 2 COOPACs are subject to prudential supervision by the SBS, including requirements for capital adequacy, credit risk management, and regulatory reporting. Unlike Level 3 COOPACs, Level 2 institutions are subject to somewhat simplified regulatory requirements while still maintaining prudent risk management standards.

As a cooperative, the institution is fundamentally different from commercial banks: it is a non-profit association where members are both owners and customers, and its primary purpose is to promote the economic and social welfare of its members rather than maximize shareholder returns.

COOPAC San José Cartavio

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About COOPAC San José Cartavio in Peru