Because they are involved in the cause of inactivity or total loss of social capital and cooperative reserve. Coopac are not covered by the Deposit Insurance Fund.
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The Superintendency of Banking, Insurance and AFP (SBS) dissolved seven Savings and Credit Cooperatives Not Authorized to Raise Resources from the Public (Coopac), and sent another two to intervention regime.
The dissolved cooperatives, all due to being involved in the cause of inactivity, are Sillustani, Heróica, Construir, Red Andina, Illay Wanka, Credicusco, and Génesis.
Meanwhile, the cooperatives that were subjected to the intervention regime, as both were subject to the cause of total loss of social capital and the cooperative reserve, are Casa Solidaria COOPAC Casasol and La Florida.
It should be noted that Coopac are not covered by the Deposit Insurance Fund. However, they have their own “insurance”, called the Cooperative Deposit Insurance Fund (FSDC), whose maximum coverage amount will be S/10,000, but which will only come into effect in mid-2024.
Written and digital press journalist, graduated from the Federico Villarreal National University (UNFV). Currently, in La República, where he writes about economics, with emphasis on hydrocarbons, mining and social conflict.
Source: Larepublica
Alia is a professional author and journalist, working at 247 news agency. She writes on various topics from economy news to general interest pieces, providing readers with relevant and informative content. With years of experience, she brings a unique perspective and in-depth analysis to her work.
