Question 1

What is Cooperativa de Ahorro y Crédito Moderna Limitada?

Accepted Answer

Cooperativa de Ahorro y Crédito Moderna Limitada is a savings and credit cooperative (cooperativa de ahorro y crédito) operating in Honduras. As a member-owned financial institution, it provides financial services with a solidarity-based approach to its members (cooperativistas) and their communities.

The cooperative operates as a non-profit, limited liability organization under the supervision of CONSUCOOP (Consejo Nacional Supervisor de Cooperativas), the national regulatory body for cooperatives in Honduras. It focuses on serving the common financial needs of its members through democratic principles and cooperative values.

Question 2

When was Cooperativa de Ahorro y Crédito Moderna Limitada founded?

Accepted Answer

[Information not publicly available]

Question 3

Where is Cooperativa de Ahorro y Crédito Moderna Limitada headquartered?

Accepted Answer

Cooperativa de Ahorro y Crédito Moderna Limitada is headquartered in La Ceiba, Atlántida, Honduras.

According to its governing policies, the cooperative has its legal domicile in the Municipality of La Ceiba, Department of Atlántida. The institution is authorized to organize branches (filiales), service windows (ventanillas), or service points in other areas of the national territory or abroad if necessary, subject to favorable opinion from CONSUCOOP.

Question 4

Where does Cooperativa de Ahorro y Crédito Moderna Limitada operate?

Accepted Answer

The cooperative primarily operates in the Atlantic coast region of Honduras, with its main presence in La Ceiba, Atlántida.

As permitted by Honduran cooperative law, Moderna Limitada can establish branches and service points in other regions of Honduras to serve its members. The specific geographic reach beyond its headquarters region is not publicly detailed.

Question 5

What services does Cooperativa de Ahorro y Crédito Moderna Limitada offer?

Accepted Answer

Cooperativa de Ahorro y Crédito Moderna Limitada offers a comprehensive range of savings and credit services to its members:

Savings Services:
• Savings accounts in national currency (Honduran Lempira)
• Time deposit accounts
• Foreign currency savings accounts (with appropriate authorization)

Credit Services:
• Personal loans in national currency
• Foreign currency loans (with appropriate authorization)
• Credit facilities secured by member capital contributions

Additional Financial Services:
• Safe deposit boxes
• Payment collection services for public utilities
• Money transfer and remittance services
• Debit card services
• Bill payment services
• Agent services for government conditional cash transfer programs

The cooperative also participates in credit operations with other cooperatives and financial institutions, and manages loan portfolio transactions within the financial system. All services follow the regulatory framework established by CONSUCOOP and Honduran cooperative law.

Question 6

What makes Cooperativa de Ahorro y Crédito Moderna Limitada unique?

Accepted Answer

Cooperativa de Ahorro y Crédito Moderna Limitada distinguishes itself through its commitment to solidarity-based financial services and cooperative principles.

The institution operates under globally accepted cooperative values including mutual aid, responsibility, democracy, equity, equality of rights, solidarity, honesty, transparency, and social responsibility. Unlike traditional banks, Moderna Limitada functions as a member-owned organization where cooperativistas have voting rights and participate in democratic decision-making.

The cooperative emphasizes social responsibility with its community, extending its mission beyond pure financial transactions to contribute to the material and spiritual well-being of members and their surrounding communities. Its services are designed to meet common needs through voluntary, free participation in a jointly-owned enterprise.

Question 7

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

Accepted Answer

Cooperativa de Ahorro y Crédito Moderna Limitada is a Cooperativa de Ahorro y Crédito (Savings and Credit Cooperative), which is the Honduran equivalent of a credit union.

This institutional type is specifically recognized under the Ley de Cooperativas de Honduras (Honduran Cooperative Law) and regulated by CONSUCOOP. As a cooperativa, it is an autonomous organization of persons who have voluntarily integrated to address their common economic, social, and cultural needs through a jointly-owned, democratically-controlled enterprise.

The institution operates as a first-degree cooperative (primer grado), meaning it directly serves individual members rather than other cooperatives. It has limited liability (Limitada) status and functions as a non-profit organization focused on member service rather than profit maximization.

Cooperativa de Ahorro y Crédito Moderna Limitada

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About Cooperativa de Ahorro y Crédito Moderna Limitada in Honduras