Question 1

What is Caja Popular Sahuayo?

Accepted Answer

Caja Popular Sahuayo is a Sociedad Cooperativa de Ahorro y Préstamo (SOCAP) that provides savings and credit services to its cooperative members in Mexico. Authorized by the Comisión Nacional Bancaria y de Valores (CNBV), it operates as a Level II cooperative financial institution. The institution is part of the Federación Alianza, a federation that groups together multiple cajas populares across central Mexico to strengthen their operational capabilities and regulatory compliance.

As a member-owned cooperative, Caja Popular Sahuayo operates without profit-seeking objectives, focusing instead on providing accessible financial services to its local community.

Question 2

When was Caja Popular Sahuayo founded?

Accepted Answer

[Information not publicly available]

Question 3

Where is Caja Popular Sahuayo headquartered?

Accepted Answer

Caja Popular Sahuayo is headquartered in Sahuayo de Morelos, Michoacán, Mexico. The city of Sahuayo is located in the northwestern region of Michoacán state, known for its agricultural activity and regional commerce.

The institution maintains its main office on Tepeyac Street in Sahuayo de Morelos.

Question 4

Where does Caja Popular Sahuayo operate?

Accepted Answer

Caja Popular Sahuayo primarily operates in the state of Michoacán, with authorized operations extending into the state of Jalisco. The cooperative serves communities within its regional area, focusing on providing financial services to members in these neighboring states.

As a Level II SOCAP, the institution's geographic reach is designed to serve its local member base while maintaining the operational capacity required by regulatory authorities.

Question 5

What services does Caja Popular Sahuayo offer?

Accepted Answer

Caja Popular Sahuayo offers core cooperative financial services to its members, including:

Savings Products: Various savings account options designed to help members build their financial reserves with deposit protection through FOCOOP.

Credit Services: Personal and business loans exclusively available to cooperative members, supporting local economic development.

Deposit Insurance: Members benefit from deposit protection of up to 25,000 UDIs (approximately 212,000 Mexican pesos) per member through the FOCOOP protection fund, providing security for their savings in case of institutional insolvency.

Question 6

What makes Caja Popular Sahuayo unique?

Accepted Answer

Caja Popular Sahuayo distinguishes itself through its cooperative structure, where members are both owners and beneficiaries of the institution. This model prioritizes member welfare over profit maximization, often resulting in more favorable terms for borrowers and competitive returns for savers.

The institution's membership in Federación Alianza provides access to shared resources, training, and regulatory support alongside 18 other regional cajas populares. This federation model strengthens the cooperative's operational capacity while maintaining its local, community-focused character.

As a CNBV-authorized Level II institution, Caja Popular Sahuayo demonstrates compliance with Mexico's financial regulatory framework, including capital adequacy, risk management, and transparency requirements.

Question 7

What type of financial institution is Caja Popular Sahuayo?

Accepted Answer

Caja Popular Sahuayo is classified as a Sociedad Cooperativa de Ahorro y Préstamo (SOCAP), which translates to Savings and Loan Cooperative Society. In the Mexican financial system, SOCAPs are non-profit cooperative organizations authorized to conduct savings and loan operations exclusively with their members.

The institution holds Level II authorization from the CNBV, indicating it manages assets between 10 million and 50 million UDIs. This classification permits a broader range of financial operations compared to Level I cooperatives, including expanded credit products and investment options, while maintaining prudential supervision to protect member deposits.

SOCAPs like Caja Popular Sahuayo are an essential component of Mexico's popular savings sector, serving communities that may have limited access to traditional commercial banking services.

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