Question 1

What is Caja Popular Oblatos?

Accepted Answer

Caja Popular Oblatos is a Mexican savings and loan cooperative (Sociedad Cooperativa de Ahorro y Préstamo, or SOCAP) that provides financial services exclusively to its members. Operating as a member-owned financial cooperative, it focuses on serving communities in the state of Jalisco, particularly around the Guadalajara metropolitan area. The institution operates as a Level III SOCAP, indicating it manages assets between 50 million and 250 million UDIs (Unidades de Inversión).

As an authorized financial cooperative, Caja Popular Oblatos is regulated by the Comisión Nacional Bancaria y de Valores (CNBV) and offers deposit insurance through FOCOOP up to 25,000 UDIs per member.

Question 2

When was Caja Popular Oblatos founded?

Accepted Answer

Caja Popular Oblatos was founded on May 11, 1966, by Sr. J. Refugio Soto Gallo, who gathered 12 other individuals to establish what was initially called "Caja Popular XI de Mayo." The cooperative was created to provide financial services to the local community in the Oblatos neighborhood of Guadalajara.

In 1987, as the cooperative grew, it formally registered with the competent authorities as Caja Popular Oblatos A.C. Following the enactment of the Ley General de Sociedades de Ahorro y Préstamo (General Law of Savings and Loan Societies) in 1998, the institution changed its legal structure to become Caja Popular Oblatos S.C. de A.P. de R.L. de C.V. (Sociedad Cooperativa de Ahorro y Préstamo de Responsabilidad Limitada de Capital Variable).

On November 23, 2006, the cooperative received authorization from the CNBV to operate as a regulated Savings and Loan Cooperative, marking a significant milestone in its regulatory compliance and institutional development.

Question 3

Where is Caja Popular Oblatos headquartered?

Accepted Answer

Caja Popular Oblatos is headquartered in Guadalajara, Jalisco, Mexico. The main office is located at Calzada Juan Pablo II No. 2015 S.L., Colonia Oblatos, Guadalajara, Jalisco. The institution can be reached by telephone at (33) 3942-1050 and through a toll-free number at 800-5000-275.

Question 4

Where does Caja Popular Oblatos operate?

Accepted Answer

Caja Popular Oblatos primarily operates in the state of Jalisco, with a concentration in the Guadalajara metropolitan area. The cooperative maintains multiple branches throughout the region, serving communities in municipalities including Guadalajara, Tonalá, and surrounding areas within Jalisco.

The institution focuses on providing financial services to local communities, maintaining its cooperative roots by serving members in the neighborhoods and municipalities where it has established a presence.

Question 5

What services does Caja Popular Oblatos offer?

Accepted Answer

Caja Popular Oblatos offers a comprehensive range of financial services to its members, including:

Savings and Investment Products: Savings accounts, minor savings accounts, and term deposits with competitive interest rates at 28, 60, and 90-day periods. Members benefit from deposit insurance coverage up to 25,000 UDIs through FOCOOP.

Credit Products: Personal loans, automotive financing, housing loans, and productive loans for business purposes. The credit evaluation process is streamlined, with loan officers reviewing documentation and expediting approval for amounts up to 10,000 pesos. Larger loan requests undergo additional committee review.

Transaction Services: Multifunctional ATM network for withdrawals, deposits, balance inquiries, bill payments (electricity, water, telephone), and mobile phone top-ups. Members can also access SPEI interbank transfers and account-to-account transfers.

Digital Banking: The cooperative has invested in technology modernization, offering the Caja Oblatos Móvil mobile application (available on App Store and Google Play) for account access, transfers, balance inquiries, and service payments. The app works in conjunction with Caja Oblatos Token for enhanced security authentication.

Additional Member Benefits: Funeral protection services, access to medical and sports development centers at reduced rates, and participation in the cooperative governance structure following the principle of "one member, one vote."

Question 6

What makes Caja Popular Oblatos unique?

Accepted Answer

Caja Popular Oblatos distinguishes itself through its deep commitment to cooperative principles and community development. Founded nearly six decades ago, the institution has maintained strong ties to the Oblatos neighborhood and surrounding communities in Jalisco.

The cooperative operates on seven fundamental cooperative values: mutual aid, responsibility, democracy, equality, equity, solidarity, and honesty. These values translate into tangible benefits for members, including equal voting rights regardless of contribution size, transparent governance, and a focus on social development rather than profit maximization.

In recent years, Caja Popular Oblatos has embraced technological modernization while maintaining its community-focused approach. The institution partnered with ENTURA Red Global to develop advanced digital services, including a comprehensive mobile banking platform and Mercado COOP, an online marketplace where members can promote and sell products from their businesses to other cooperative members at special prices.

The cooperative also offers Caja Oblatos Mi Pago, a technological solution enabling members with commercial activities to accept debit and credit card payments, with funds deposited directly to their accounts.

Question 7

What type of financial institution is Caja Popular Oblatos?

Accepted Answer

Caja Popular Oblatos is a Sociedad Cooperativa de Ahorro y Préstamo (SOCAP), which is the Mexican designation for a Savings and Loan Cooperative. SOCAPs are member-owned, not-for-profit financial cooperatives authorized to conduct savings and lending operations exclusively with their members.

The institution is classified as a Level III SOCAP under Mexican regulatory framework, meaning it manages total assets between 50 million and 280 million UDIs. This classification allows the cooperative to offer a broader range of financial services compared to lower-level SOCAPs, including expanded credit operations, investment products, and payment services.

As an authorized SOCAP, Caja Popular Oblatos is regulated and supervised by the CNBV and is a member of the Federación Nacional de Cooperativas Financieras UNISAP (National Federation of Financial Cooperatives). The cooperative's deposits are protected by the Fondo de Protección (FOCOOP), which provides insurance coverage up to 25,000 UDIs per member, equivalent to approximately 212,000 pesos.

Question 8

How has Caja Popular Oblatos grown over the years?

Accepted Answer

Since its founding in 1966 with just 13 founding members, Caja Popular Oblatos has experienced steady growth over nearly six decades. The cooperative has expanded from serving a single neighborhood to operating multiple branches throughout the Jalisco region.

The institution has achieved several significant milestones, including obtaining formal regulatory authorization from the CNBV in 2006, which allowed it to operate under the modern regulatory framework for savings and loan cooperatives in Mexico. In 2018, the cooperative further expanded through a merger with Caja Popular Río Presidio, consolidating operations and extending its reach.

By its 57th anniversary in 2023, Caja Popular Oblatos had modernized its infrastructure significantly, including the renovation of its ATM network to offer multifunctional services and the launch of comprehensive digital banking platforms. The cooperative continues to balance technological advancement with its foundational commitment to cooperative principles and community development.

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