Question 1

What is Cooperativa de Ahorro y Crédito CACEENP?

Accepted Answer

Cooperativa de Ahorro y Crédito CACEENP (also known as Cooperativa de Ahorro y Crédito de Empleados de la Empresa Nacional Portuaria) is a savings and credit cooperative based in Honduras. It ranks as the sixth-largest cooperative in Honduras and is recognized as the cooperative with the strongest financial position in the northern region of the country. With over 30,000 members and assets exceeding L.2.3 billion (approximately $93 million USD), CACEENP has evolved from a closed-bond institution serving port employees to an open-membership cooperative serving any Honduran citizen who shares cooperative principles and values.

Question 2

When was Cooperativa de Ahorro y Crédito CACEENP founded?

Accepted Answer

CACEENP was founded on March 8, 1979, by employees of the Empresa Nacional Portuaria (National Port Company). The cooperative was originally established to serve the financial needs of port workers in Puerto Cortés. Over the decades, CACEENP has transformed from a closed-membership organization into an open cooperative that welcomes voluntary membership from any citizen who embraces cooperative values and principles. The institution has experienced significant growth, particularly in recent years with an expansion partnership with Hanes Brand Inc., which contributed to annual growth rates of approximately 20%.

Question 3

Where is Cooperativa de Ahorro y Crédito CACEENP headquartered?

Accepted Answer

The cooperative's main office is headquartered in Puerto Cortés, Cortés Department, Honduras, specifically located in Barrio Copén at 9 calle, 2 y 3 avenida. Puerto Cortés, being Honduras's primary seaport city on the Caribbean coast, provides strategic positioning for the institution's operations in the northern industrial corridor.

Question 4

Where does Cooperativa de Ahorro y Crédito CACEENP operate?

Accepted Answer

CACEENP operates primarily in the northern region of Honduras, with offices and branches concentrated in the Cortés Department. The cooperative maintains multiple locations in Puerto Cortés, including branches in Barrio Copén (headquarters), Centro, El Porvenir, and within the port facilities.

Beyond Puerto Cortés, CACEENP has expanded to other key cities in northern Honduras, including San Pedro Sula (Las Acacias and Mall Multiplaza locations), Choloma (Plaza Choloma), Villanueva (Colonia Victoria), and Omoa. Through the UNIRED alliance, CACEENP members can access services at over 215 service points across 17 departments throughout Honduras, extending the cooperative's reach nationwide.

Question 5

What services does Cooperativa de Ahorro y Crédito CACEENP offer?

Accepted Answer

CACEENP offers a comprehensive range of financial services including savings accounts (cuentas de ahorro), capital contribution accounts (cuentas de aportaciones), and various loan products for personal needs, vehicle purchases, education, housing, consolidation, and business development. The cooperative provides competitive interest rates on both loans and savings that are among the most favorable in the Honduran financial market.

Digital services include CACEENP Electrónica, a mobile banking application available on Google Play with over 10,000 downloads, and an online banking platform that enables members to check balances, transfer funds between accounts or to third parties, make loan payments, conduct ACH transfers to other banks, pay utility bills (ENEE electricity and Aguas de Puerto Cortés), and purchase or pay for mobile phone services (TIGO and CLARO). The cooperative also offers Mastercard debit cards with access to the Bannet ATM network, remittance services through Western Union, insurance products including the "Pinos de Oro" life insurance program, and drive-through banking services.

Additional services include payment of school tuition for select institutions, cable and internet bill payments, and participation in the UNIRED cooperative network for nationwide transaction access.

Question 6

What makes Cooperativa de Ahorro y Crédito CACEENP unique?

Accepted Answer

CACEENP distinguishes itself as the most financially solid cooperative in northern Honduras and has earned multiple prestigious certifications. The institution has been certified in the Cooperative Management Model (Modelcoop), which accredits quality processes and best practices for cooperatives. The Confederation of Caribbean, Central and South American Cooperatives (CCC-CA) and the Humanist Institute for Cooperation in Developing Countries of the Netherlands (HIVOS) have certified CACEENP for its commitment to gender inclusion in governance, administration, and operations, as well as socioeconomic development programs.

The German Confederation of Cooperatives (DGRV) has accredited the cooperative for adherence to cooperative principles and values. CACEENP provides extensive cooperative education programming, reaching over 18,000 members annually through in-person, radio, and online educational programs. The cooperative has established partnerships with international educational institutions including the Costa Rican Cooperative Study and Training Center (Cenecoop R.L.) and the Andalusian School of Social Economy in Spain. Leadership participation in second-tier financial organizations such as FACACH (Federation of Savings and Credit Cooperatives of Honduras), Banco de los Trabajadores S.A., Equidad Compañía de Seguros, and Red Tecnológica S.A. demonstrates CACEENP's influence in the broader Honduran cooperative movement.

Question 7

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

Accepted Answer

CACEENP is a Cooperativa de Ahorro y Crédito (Savings and Credit Cooperative), which is the Honduran equivalent of a credit union. This type of financial institution operates as a member-owned cooperative governed by democratic principles, where members are both owners and customers. In Honduras, cooperativas de ahorro y crédito are regulated and supervised by multiple entities: the National Commission of Banking and Insurance (CNBS), the Supervisory Council of Cooperatives (CONSUCOOP), certified external auditors approved by the CNBS, internal audit departments, and vigilance committees.

Unlike commercial banks that operate for profit and are owned by shareholders, CACEENP operates on cooperative principles to serve the economic and social needs of its members. The cooperative structure allows members to participate actively in governance through committees and assemblies, with any surplus distributed back to members through dividends (excedentes) rather than being paid to external shareholders. This mutual benefit model emphasizes accessible financial services, competitive rates, member education, and community development.

Question 8

What is CACEENP's relationship with Hanes Brand Inc.?

Accepted Answer

CACEENP has developed a significant institutional partnership with Hanes Brand Inc., a major U.S.-based multinational apparel manufacturer that employs over 14,000 workers in Honduras. This relationship has been transformative for the cooperative's growth trajectory. Hanes Brand Inc. selected CACEENP to manage the savings and financial services for employees of its Honduran operations due to the cooperative's reputation for financial solidity and trustworthiness.

As part of this partnership, three cooperatives (COMSALIL, Jasper, and Hanes) that previously served Hanes Brand employees were incorporated into CACEENP's membership structure. This strategic alliance contributed to CACEENP's membership growth from approximately 14,000 to over 30,000 members and has been a key driver of the cooperative's sustained annual growth rate of approximately 20% in recent years. The partnership demonstrates CACEENP's capacity to serve large-scale institutional clients while maintaining its cooperative values and member-focused services.

Cooperativa de Ahorro y Crédito CACEENP

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