Question 1

What is Caja Popular Santa Margarita María de Alacoque?

Accepted Answer

Caja Popular Santa Margarita María de Alacoque is a Sociedad Cooperativa de Ahorro y Préstamo (SOCAP), a savings and credit cooperative operating in Mexico. It is a community-based financial institution focused on providing accessible savings and lending services to its member-partners (socios).

The cooperative is authorized and supervised by the Comisión Nacional Bancaria y de Valores (CNBV), Mexico's banking and securities regulator, and operates primarily in the state of Guanajuato. It serves local communities with a mission to improve the socioeconomic conditions of its members and their families through responsible financial services.

Question 2

When was Caja Popular Santa Margarita María de Alacoque founded?

Accepted Answer

Caja Popular Santa Margarita María de Alacoque was founded in 1980 as a solidarity initiative led by Father Víctor Aguilar Funes (Pbro. Víctor Aguilar Funes). The institution began as a shared vision within the Santa Margarita parish community, aimed at improving living conditions for local residents.

What started as a grassroots effort in the parish evolved into a living cooperative built on principles of savings, participation, and collective commitment. With the support of its founding members, the cooperative has grown over more than four decades while maintaining its core values of mutual aid, accessible financial services, and community development.

Question 3

Where is Caja Popular Santa Margarita María de Alacoque headquartered?

Accepted Answer

The cooperative's headquarters (Matriz) is located in León, Guanajuato, Mexico, at the following address:

Río Frío #233, Colonia Las Margaritas, C.P. 37468, León, Guanajuato

The head office can be reached by phone at 477 770 05 50 and 477 715 44 40, or via email at info@cpsmm.com.mx. León is Guanajuato's largest city and a major industrial and commercial hub in central Mexico.

Question 4

Where does Caja Popular Santa Margarita María de Alacoque operate?

Accepted Answer

The cooperative operates primarily in León, Guanajuato, through multiple branch locations serving different neighborhoods and communities. In addition to its headquarters in Colonia Las Margaritas, Caja Popular Santa Margarita María de Alacoque maintains several branches including:
• Sucursal 10 de Mayo – Madre Patria #205, Colonia 10 de Mayo
• Sucursal Pinos – Eucaliptos #107, Colonia Los Pinos
• Sucursal Rústico – Camino a la Huizachera #393, Colonia Rústico San Pedro

All branches operate Monday through Friday from 9:00 AM to 6:00 PM, and Saturdays from 9:00 AM to 2:00 PM.

Question 5

What services does Caja Popular Santa Margarita María de Alacoque offer?

Accepted Answer

As an authorized SOCAP, Caja Popular Santa Margarita María de Alacoque provides a range of savings and credit services to its members:

Savings Products: The cooperative offers various savings accounts designed to help members build financial stability and develop saving habits. Members benefit from deposit insurance coverage up to 25,000 UDIS (approximately 212,000 Mexican pesos) per member through the FOCOOP protection fund.

Credit Services: The institution provides responsible lending services to members, offering loans designed to meet various personal and family financial needs. These services align with the cooperative's mission of improving members' socioeconomic conditions.

Member Services: Beyond basic financial services, the cooperative emphasizes financial education, community development programs, and member participation in governance decisions.

Question 6

What makes Caja Popular Santa Margarita María de Alacoque unique?

Accepted Answer

Caja Popular Santa Margarita María de Alacoque distinguishes itself through its community-focused cooperative model rooted in social solidarity principles. Unlike commercial banks, it operates as a member-owned institution where profits are reinvested to benefit the cooperative and its members.

Community Origins: The institution's founding by a parish priest and its deep connection to the Santa Margarita community reflect its commitment to serving local needs rather than maximizing profits. This grassroots origin continues to shape its accessible and personal approach to financial services.

Member-Centric Philosophy: The cooperative operates on principles of mutual aid (ayuda mutua), where members are both owners and beneficiaries of the services. This creates an environment of shared responsibility and collective benefit.

Regulatory Compliance: As a CNBV-authorized SOCAP, the institution meets rigorous regulatory standards while maintaining deposit insurance protection, providing members with both community connection and financial security.

Question 7

What type of financial institution is Caja Popular Santa Margarita María de Alacoque?

Accepted Answer

Caja Popular Santa Margarita María de Alacoque is a Sociedad Cooperativa de Ahorro y Préstamo (SOCAP), a savings and credit cooperative operating in Mexico. It is a community-based financial institution focused on providing accessible savings and lending services to its member-partners (socios).

The cooperative is authorized and supervised by the Comisión Nacional Bancaria y de Valores (CNBV), Mexico's banking and securities regulator, and operates primarily in the state of Guanajuato. It serves local communities with a mission to improve the socioeconomic conditions of its members and their families through responsible financial services.

Unlike traditional banks or credit unions, SOCAPs in Mexico are cooperative financial institutions that must be authorized by the CNBV and comply with specific regulatory requirements. They are classified into different operational levels based on their asset size and operational complexity.

The cooperative model means that members (socios) are both owners and customers, participating in governance through democratic decision-making processes. This structure prioritizes community benefit and financial inclusion over profit maximization, making SOCAPs important vehicles for financial access in local Mexican communities.

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About Caja Popular Santa Margarita María de Alacoque in Mexico