Question 1

What is Caja Popular Rosario?

Accepted Answer

Caja Popular Rosario is a savings and loan cooperative (Sociedad Cooperativa de Ahorro y Préstamo, or SOCAP) serving members in Sinaloa, Mexico. As a member-owned financial cooperative, it operates as a non-profit organization dedicated to promoting savings culture and providing accessible credit to working people with common financial needs. The institution is authorized and supervised by the Comisión Nacional Bancaria y de Valores (CNBV), Mexico's banking and securities regulatory authority.

The cooperative emphasizes democratic principles and mutual support among its members. It is open to all individuals who wish to join, provided they have some economic resources, even if modest.

Question 2

When was Caja Popular Rosario founded?

Accepted Answer

Caja Popular Rosario was founded approximately in 1965. As of 2024, the cooperative proudly reports maintaining a presence and high commitment to society for more than 59 years. The institution was established by working individuals who recognized their common needs for savings and accessible credit, deciding to unite and form a cooperative enterprise based on cooperative values and principles.

Throughout its history, the cooperative has maintained its founding mission of fostering economic improvement among its members while contributing to the socioeconomic growth of the communities it serves.

Question 3

Where is Caja Popular Rosario headquartered?

Accepted Answer

Caja Popular Rosario is headquartered in El Rosario, Sinaloa, Mexico. The main office (Casa Matriz) is located at Mariano Matamoros No. 75, Colonia Centro, El Rosario, Sinaloa, with postal code 82800. El Rosario is a municipality in the southern region of Sinaloa state, positioned along Mexico's Pacific coast.

Question 4

Where does Caja Popular Rosario operate?

Accepted Answer

Caja Popular Rosario primarily operates in the state of Sinaloa, Mexico, with its main focus on El Rosario and surrounding communities and municipalities in the region. The cooperative's operational footprint extends to areas where it can support the socioeconomic development of local communities. It contributes to employment creation and supports social welfare projects in the municipalities and regions where it maintains a presence.

Question 5

What services does Caja Popular Rosario offer?

Accepted Answer

Caja Popular Rosario offers a range of financial services centered on savings and credit products for its members:

Savings Services: The cooperative promotes a culture of savings by offering various deposit and savings accounts exclusively for its members.

Credit Services: It provides accessible loans to support micro and small businesses, helping members finance their entrepreneurial activities and personal needs. The credit products are designed to facilitate economic advancement for members.

Member-Focused Benefits: As a cooperative, all services are designed to benefit members rather than generate profits for external shareholders. Members participate democratically in the governance of the institution.

The cooperative is authorized by CNBV and provides deposit insurance through FOCOOP (Fondo de Protección) up to 25,000 UDIs per member, offering protection for member savings.

Question 6

What makes Caja Popular Rosario unique?

Accepted Answer

Caja Popular Rosario distinguishes itself through its deep commitment to cooperative principles and community development. The institution emphasizes that it is not designed for a privileged group but is accessible to all working people who wish to participate, regardless of their level of economic resources.

The cooperative's focus on supporting micro and small enterprises demonstrates its commitment to local economic development. It actively contributes to job creation and implements social benefit projects in the communities where it operates.

With over 59 years of continuous service, Caja Popular Rosario has demonstrated remarkable stability and commitment to its members. Its longevity in the cooperative sector reflects strong governance and sustained member trust.

Question 7

What type of financial institution is Caja Popular Rosario?

Accepted Answer

Caja Popular Rosario is a Sociedad Cooperativa de Ahorro y Préstamo (SOCAP), which translates to Savings and Loan Cooperative Society. This is a specific type of financial institution in Mexico regulated under the Ley para Regular las Actividades de las Sociedades Cooperativas de Ahorro y Préstamo (LRASCAP).

SOCAPs are member-owned, non-profit financial cooperatives that exclusively provide savings and loan services to their members. They operate under cooperative principles of democratic member control, where each member has one vote regardless of their capital contribution. These institutions are regulated and supervised by CNBV to ensure the safety of member deposits and the soundness of operations.

As an authorized SOCAP, Caja Popular Rosario must maintain specific capital requirements, risk management standards, and operational guidelines established by CNBV. The cooperative benefits from deposit insurance provided by FOCOOP, offering members protection up to 25,000 UDIs per person.

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