Coope Ande
- Company typePrivate
- Founded1965
- HeadquartersBuenos Aires, Costa Rica
- Headcount501–1,000
- GTM typeB2C
- OfferingServices
Coope Ande firmographics
Firmographics- Name
- Coope Ande
- Legal name
- COOPE-ANDE No. 1 R.L.
- Website
- https://coopeande1.com
- Company type
- Private
- Founded year
- 1965
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Ownership category
- akta.pro rank
Coope Ande industry classification
Industry- Product category
- Credit Union / Cooperative Banking
- NAICS
- Credit Unions (52213), Credit Card Issuing (522210)
- akta.pro primary industry
- Cooperative Banks (Member-Owned Commercial/Retail) (FSABAEAF)
Keywords
Where Coope Ande is headquartered
LocationHeadquarters
- HQ city
- Buenos Aires
- HQ country
- Costa Rica
- HQ region
- Latin America
Offices2 records
Markets served
Coope Ande business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D
Revenue model
- Interest Income from Credit Portfolio: Primary revenue stream from personal loans, mortgages, vehicle loans, and other credit products extended to members, generating interest income over the loan term.
- Savings and Investment Returns to Members: Competitive interest rates offered on savings accounts (Ahorro Mundialista, Ahorro Vista Premium, Ahorros Programados) and term investments (ACAS) in both colones and dollars.
- Payment Processing and Card Fees: Revenue from Mastercard credit and debit card transactions, including merchant discounts and potentially interchange fees.
- Insurance and Assistance Products: Fees from insurance products including Coope Ande Salud (medical consultations), Coope Ande Mascotas (pet insurance), Coope Ande Total (roadside/home assistance), Seguro Estudiantil, and FRE card protection.
- Digital Services: Fees for digital signature services and other digital banking services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Mortgage Credit (Crédito Vivienda) |
| Subscription | Monthly | Debt Consolidation (Consolidación de Deudas) |
| Subscription | Monthly | Back-to-Back Loans (Colones and Dollars) |
| Subscription | Monthly | Personal Credit for Active Associates |
| Subscription | Monthly | Ahorro Mundialista (World Cup Savings) |
| Subscription | Monthly | Ahorro Vista Premium (Premium Sight Savings) |
| Subscription | Monthly | Programmed Savings (Ahorros Programados) |
| Usage-based | Pay-as-you-go | Term Investments (ACAS) - Colones |
| Usage-based | Pay-as-you-go | Term Investments (ACAS) - Dollars |
| Other | Annual | Credit and Debit Cards |
Go-to-market motion1 record
Distribution channels6 records
Marketing channels6 records
Coope Ande product offering
Product offeringCore offering
Coope Ande is a Costa Rican savings and credit cooperative that provides comprehensive retail financial services to its members, including savings accounts, term investments, personal and mortgage credit products, Mastercard credit and debit cards, digital banking channels (mobile app and online platform), automatic salary and bill payment services, digital signature services, and insurance/assistance products. The cooperative serves more than 71,000 active and retired members from the education sector, public and private institutions, and pensioners across Costa Rica.
Product overview
Coope Ande is a Costa Rican credit union (Cooperativa de Ahorro y Crédito) providing comprehensive financial services through a multi-channel platform. The core offering centers on traditional banking products including savings accounts (Ahorro Vista Premium, Ahorro Mundialista, Ahorros Programados), term investments (Inversiones ACAS), and credit products (Crédito Vivienda, Crédito Personal, Crédito Back to Back, Consolidación de Deudas). The company issues Mastercard-branded credit and debit cards through Coope Ande Móvil and Coope Ande en Línea digital channels, supported by payment networks including ATH and Sinpe Móvil. Additional services include automatic salary deposits (PAS), automatic bill payments (PAR), digital signatures (Firma Digital), and insurance/assistance products (Salud, Mascotas, Total, Estudiantil, Renta Alimenticia). The product portfolio serves both public and private sector employees, offering both physical and digital access to financial services.
Differentiator
Problem solved
Functional benefit
Products and services
- Coope Ande Móvil (Mobile App)
- Coope Ande en Línea (Online Banking)
- Tarjeta de Crédito Coope Ande Mastercard
- Tarjeta de Débito Coope Ande Mastercard
- Ahorro Vista Premium
- Ahorro Mundialista
- Ahorros Programados
- Inversiones (ACAS)
- Crédito Vivienda
- Crédito Personal
- Crédito Back to Back Colones y Dólares
- Consolidación de Deudas
- Pago Automático de Salarios (PAS)
- Pago Automático de Recibos (PAR)
- Coope Ande Salud
- Coope Ande Mascotas
- Coope Ande Total
- Seguro Estudiantil
- Renta Alimenticia
- Firma Digital
- Bienes en Venta
Quantifiable outcome
- Savings yields up to 6.70% in colones and 5% in dollars
- +2 more outcomes
Companies that use Coope Ande
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles4 records
Coope Ande technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
Feature4 records
Coope Ande partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core and minor.
- Ministerio de Ambiente y Energía (MINAE) - Programa País Carbono NeutralidadcoreGovernment ministry program recognizing Coope Ande as the first credit cooperative certified as Carbon Neutral in Costa Rica, maintaining recognition since 2013.
- Fitch RatingscoreInternational credit rating agency providing financial management ratings for Coope Ande since 2008, with public ratings available since 2009.
- MastercardcoreMastercard provides international backing for Coope Ande credit and debit cards. Cards feature contactless payment technology, chip, and magnetic stripe. No membership or annual fees for cardholders.
- ATH NetworkcoreATH network provides access to over 1,000 ATMs for cash withdrawals with Coope Ande debit cards throughout Costa Rica.
- SINPE (Sistema Nacional de Pagos Electrónicos)coreSINPE enables Sinpe Móvil instant transfer payments through Coope Ande Móvil platform, allowing members to transfer funds via mobile phone number.
- Moody's Investors ServicecoreInternational credit rating agency providing AA-.cr rating with Stable Outlook for Coope Ande's Costa Rica operations.
- Superintendencia General de Entidades Financieras (SUGEF)coreCosta Rica's financial regulator supervising Coope Ande under the same prudential regulation framework used for banking institutions since 1995.
- Perí, Super Compro, and Saretto SupermarketsminorMerchant discount partnerships offering 5% cashback on purchases with Coope Ande Mastercard debit cards at these supermarket chains.
- Hospital Internacional La CatólicaminorHealthcare partner offering 10%+ discounts on services for Coope Ande Mastercard cardholders.
Scale indicators3 records
Recent moves6 records
Expansion highlights5 records
Coope Ande competitors and assessment
Company assessmentRegional players
- Coopeuch: Chilean credit cooperative serving educators and salaried professionals with savings, credit, and digital banking. Closely comparable Latin American cooperative model targeting similar affinity segments, providing a useful regional benchmark for Coope Ande's scale and product strategy.
Direct peers
- Coopeservidores: Costa Rican cooperative serving public-sector employees with savings, credit, and investment products. Direct competitor for Coope Ande's public-institution member base with a similar member-owned cooperative structure.
- Caja de ANDE: Costa Rican complementary benefits and savings entity founded by ANDE educators — Coope Ande's founding constituency. Serves the same education-sector members with comparable savings, credit, and complementary benefits products, making it the closest direct competitor.
- Coopenae: Costa Rican savings and credit cooperative offering consumer loans, savings, mortgages, and digital channels nationwide. Closely comparable member-owned cooperative model serving salaried professionals, directly competing for the same Costa Rican deposit and credit pool.
Broad incumbents
- Banco Popular y de Desarrollo Comunal: Costa Rican state-owned commercial bank with a strong public-sector and worker-affiliation mandate. Competes with Coope Ande for payroll relationships, deposits, and consumer credit, but operates as a full commercial bank with a broader product set.
- BAC Credomatic: One of Costa Rica's largest universal banks, offering credit cards, consumer loans, mortgages, and digital banking. Competes for the same Costa Rican retail deposit and credit demand with substantially greater scale and digital marketing reach.
- Banco Nacional de Costa Rica: Costa Rican state commercial bank providing payroll, savings, and credit services with national reach. A broad incumbent competing for the same public-sector and education-sector customers Coope Ande serves.
- Banco de Costa Rica: Costa Rican state-owned commercial bank with full-service retail, payroll, and consumer lending operations. Competes for the same Costa Rican consumer deposit and credit pool that Coope Ande targets.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Coope Ande social profiles
Digital presenceCoope Ande compliance and trust
Trust signalCompliance3 records
Coope Ande financial estimates
Financial estimateRevenue estimate
Valuation estimate
Coope Ande leadership team
Management profileNumber of profiles
Profiles17 records
Coope Ande funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Coope Ande M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Coope Ande
What does Coope Ande do?
Coope Ande is a Costa Rican savings and credit cooperative that provides comprehensive retail financial services to its members, including savings accounts, term investments, personal and mortgage credit products, Mastercard credit and debit cards, digital banking channels (mobile app and online platform), automatic salary and bill payment services, digital signature services, and insurance/assistance products. The cooperative serves more than 71,000 active and retired members from the education sector, public and private institutions, and pensioners across Costa Rica.
Is Coope Ande a public or private company?
Coope Ande is a private company. It is classified as management employee owned and is currently operating.
When was Coope Ande founded?
Coope Ande was founded in 1965. It employs 501 to 1,000 people.
Where is Coope Ande based?
Coope Ande is headquartered in Buenos Aires, Costa Rica, in the Latin America region.
How does Coope Ande make money?
Five revenue lines are on record. Interest Income from Credit Portfolio is the primary driver. The others are savings and Investment Returns to Members, payment Processing and Card Fees, insurance and Assistance Products and digital Services.
Who are Coope Ande's main competitors?
Coopeuch is listed as a regional player. Direct peers are Coopeservidores, Caja de ANDE and Coopenae. Broad incumbents are Banco Popular y de Desarrollo Comunal, BAC Credomatic, Banco Nacional de Costa Rica and Banco de Costa Rica.
Does Coope Ande have an API?
No public API is recorded for Coope Ande.
What industry is Coope Ande in?
Coope Ande's product category is Credit Union / Cooperative Banking. Its primary akta.pro industry code is FSABAEAF, Cooperative Banks (Member-Owned Commercial/Retail). Its NAICS code is 52213.