Question 1

What is Cooperativa de Ahorro y Crédito Productos Lácteos Sula (CACSULACTA)?

Accepted Answer

Cooperativa de Ahorro y Crédito Productos Lácteos Sula, commonly known as CACSULACTA, is a savings and credit cooperative (cooperativa de ahorro y crédito) in Honduras that serves employees and workers of Productos Lácteos Sula, the country's largest dairy and juice production company. As an employee-based credit union, CACSULACTA provides financial services exclusively to its members who are associated with the dairy production operations.

The cooperative operates under the supervision of CONSUCOOP (Consejo Nacional Supervisor de Cooperativas), Honduras's national cooperative supervisory council, which regulates and oversees all cooperative financial institutions in the country.

Question 2

When was Cooperativa de Ahorro y Crédito Productos Lácteos Sula (CACSULACTA) founded?

Accepted Answer

The exact founding date of CACSULACTA is not publicly available. However, the cooperative was established to serve workers at the Productos Lácteos Sula plant, which has its origins dating back to 1960 when Sula was founded in San Pedro Sula as a social project in alliance with UNICEF.

The cooperative was created as a financial mutual aid society for employees of what became one of Honduras's most successful food and beverage companies under Lacthosa ownership since 1992.

Question 3

Where is Cooperativa de Ahorro y Crédito Productos Lácteos Sula (CACSULACTA) headquartered?

Accepted Answer

CACSULACTA is headquartered in San Pedro Sula, Honduras, where the main Productos Lácteos Sula production facilities are located. San Pedro Sula is Honduras's industrial capital and second-largest city, situated in the Sula Valley in the northern part of the country.

Question 4

Where does Cooperativa de Ahorro y Crédito Productos Lácteos Sula (CACSULACTA) operate?

Accepted Answer

CACSULACTA operates primarily in the San Pedro Sula area where Productos Lácteos Sula maintains its production facilities. As an employee-based cooperative, its operations are closely tied to the locations where Lacthosa and its Sula brand subsidiary operate throughout Honduras.

Given that Lacthosa has five processing plants across Honduras in 50 municipalities spanning 14 departments, the cooperative may provide services to employees at these various locations.

Question 5

What services does Cooperativa de Ahorro y Crédito Productos Lácteos Sula (CACSULACTA) offer?

Accepted Answer

As a savings and credit cooperative, CACSULACTA offers core financial services to its member-employees, which typically include:

Savings Products: Various savings account options with competitive interest rates for members to build their financial security.

Credit Services: Loan products designed to meet the needs of cooperative members, including personal loans, emergency loans, and loans secured by savings deposits.

Member Benefits: Preferential rates and terms available exclusively to cooperative members who are employees of Productos Lácteos Sula and related entities.

The cooperative operates according to cooperative principles of mutual aid, democratic governance, and member ownership, where services are designed to benefit the financial wellbeing of employee-members rather than maximize profits.

Question 6

What makes Cooperativa de Ahorro y Crédito Productos Lácteos Sula (CACSULACTA) unique?

Accepted Answer

CACSULACTA's unique position stems from its exclusive service to employees of one of Honduras's most successful and socially responsible enterprises. Productos Lácteos Sula, through parent company Lacthosa, works with over 4,000 suppliers of fresh milk and citrus, generates 60,000 indirect jobs, and has received multiple awards for social responsibility.

The cooperative embodies the cooperative movement's principles while serving a workforce that is part of a company known for its commitment to small dairy farmers and sustainable development. Members benefit from being part of both a leading industrial employer and a democratic financial cooperative.

As a supervised entity under CONSUCOOP regulations, CACSULACTA must publish annual financial statements and comply with strict regulatory standards for cooperatives of savings and credit in Honduras.

Question 7

What type of financial institution is Cooperativa de Ahorro y Crédito Productos Lácteos Sula (CACSULACTA)?

Accepted Answer

CACSULACTA is classified as a Cooperativa de Ahorro y Crédito (Savings and Credit Cooperative) in Honduras. This institutional type is equivalent to a credit union in other jurisdictions and represents a member-owned financial cooperative that provides savings and lending services exclusively to its members.

In the Honduran financial system, cooperativas de ahorro y crédito operate under specific legislation (the Ley de Cooperativas de Honduras) and are supervised by CONSUCOOP rather than the banking regulator CNBS (Comisión Nacional de Bancos y Seguros). These institutions follow cooperative principles including democratic member control, member economic participation, and concern for community.

CACSULACTA specifically operates as an employee-based or occupational credit union, serving workers associated with a specific employer (Productos Lácteos Sula), which is a common organizational model for cooperativas de ahorro y crédito in Honduras.

Cooperativa de Ahorro y Crédito Productos Lácteos Sula (CACSULACTA)

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About Cooperativa de Ahorro y Crédito Productos Lácteos Sula (CACSULACTA) in Honduras

Cooperativa de Ahorro y Crédito Productos Lácteos Sula (CACSU­LACTA)