Andalucía

What Andalucía does

Cooperativa de Ahorro y Crédito Andalucía Ltda. is a member-owned cooperative financial institution headquartered in Quito, Ecuador, founded on July 27, 1969, by Reverend Father Gonzalo Pérez with 28 members and initial capital of 230 sucres. Over 55 years it has scaled to 160,000+ members, a loan portfolio exceeding $530 million, and 17 physical branches concentrated in the Quito Metropolitan District with extensions to Cumbayá, Los Chillos, Pedro Vicente Maldonado, Lago Agrio, Urcuquí, Cotacachi, and Manta. The institution is regulated by the Superintendencia de Economía Popular y Solidaria (SEPS), deposits are insured by COSEDE, and it carries an AA+ risk rating from both Class International Rating and Summa Ratings.

Andalucía's product stack spans six savings account variants (Ahorro Socio, Ahorro Infantil, Ahorro Programado, Proyecto Futuro, Ahorro Sólido, Andalucía Premium) and one fixed-term investment product (Depósitos a Plazo Fijo, up to 6.50% annual). Credit offerings cover consumer loans (up to $80,000 at 13.50%), microcredit (from 14%), real estate mortgages (up to $180,000 at 9.10–9.55%), SME/PYME loans (up to $600,000 at 9.25%), and vehicle financing (13.30–15.50%). Card products include a VISA debit card and three credit card tiers (Gold, Platinum, Signature) tied to the "My Rewards" points program. Distribution combines the physical branch network with two proprietary digital channels — Andalucía Virtual (web banking) and Andalucía Móvil (mobile app with Billetera Móvil digital wallet) — plus a 1800-SOCIOA call center and online credit simulators.

Revenue mechanics are classic cooperative spread-based banking: the cooperative collects member deposits at 1.5–7% and lends them out at 9.10–15.50%, with the net interest margin supplemented by transaction fees, service commissions, and VISA interchange income. Primary customer segments are individual members (personas naturales), SMEs/PYMEs, microentrepreneurs, and legal entities (personas jurídicas). GTM is sales-led and omnichannel, leaning on community word-of-mouth referrals, an annual "ABC Financiero" financial education program, and promotional campaigns (Andalucía Vive travel, Mundial 2026 sweepstakes). No external funding rounds, parent company, or subsidiaries are disclosed.

Name

Andalucía

Legal name

Cooperativa de Ahorro y Crédito Andalucía Ltda.

Website

https://andalucia.fin.ec

Company type

Private

Founded year

1969

Operating status

Operating

Headcount range

101–250 employees

Short description

Cooperativa de Ahorro y Crédito Andalucía Ltda. is a Quito-based Ecuadorian cooperative founded in 1969, serving 160,000+ members across 17 branches with savings accounts, consumer/SME/mortgage credit, VISA cards, and digital banking channels. It holds an AA+ risk rating and is regulated by SEPS with COSEDE-backed deposits.

Ownership category

akta.pro rank

Product category

Cooperative Banking

NAICS

Credit Unions (52213), Credit Card Issuing (522210)

SIC

Personal Credit Institutions (6141)

akta.pro primary industry

Community Credit Unions (Retail/Consumer Focus) (FSABAEAA)

Keywords

• Cooperative banking services
• Savings accounts
• Consumer credit loans
• Mortgage financing
• Small business lending

Headquarters

HQ city

Quito

HQ country

Ecuador

HQ region

Latin America

Offices17 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Interest Income from Credit Portfolio: Primary revenue source from interest charged on various loan products including consumer credit, microcredit, mortgage loans, business loans, and vehicle financing. Interest rates vary by product type and borrower profile.
2. Savings Account Deposits: Members deposit savings which the cooperative uses to fund lending operations. Interest is paid to savers while the spread generates revenue.
3. Service Fees and Commissions: Fees for various financial services including account maintenance, transactions, and specialized services. Tariffs published for financial services.
4. Premium Savings Products: Higher-yield savings products like Andalucía Premium with higher minimum balances generate revenue through the interest rate spread.
5. Credit Card Operations: Revenue from credit card transactions, financing rates, and interchange fees on VISA credit cards (Gold, Platinum, Signature tiers).

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels8 records

Core offering

Cooperativa de Ahorro y Crédito Andalucía Ltda. is a member-owned cooperative financial institution that provides savings accounts, fixed-term deposits, consumer and business loans, mortgage and vehicle financing, microcredit, VISA debit and credit cards, and digital banking services. It serves individual members and small/medium enterprises through 17 physical branches and web/mobile banking platforms, holding an AA+ risk rating and serving 160,000+ members.

Product overview

Cooperativa de Ahorro y Crédito Andalucía is a cooperative financial institution offering a comprehensive suite of savings, credit, investment, and digital banking products. The core portfolio includes six savings account variants (Ahorro Socio, Ahorro Infantil, Ahorro Programado, Proyecto Futuro, Ahorro Sólido, and Andalucía Premium) catering to individuals, minors, and legal entities with interest rates ranging from 1.5% to 7% annual. Investment products include fixed-term deposits (Depósitos a Plazo Fijo) with up to 6.50% returns. Credit offerings span five categories: consumer loans (Crédito de Consumo up to $80,000), microcredit (14% rate), real estate mortgages (Crédito Inmobiliario up to $180,000), business credit (Crédito PYMES up to $600,000), and vehicle financing (Crédito Vehicular). Card services feature Visa debit and three-tier Visa credit cards (Gold, Platinum, Signature) with the Andalucía My Rewards points program. Digital channels comprise Andalucía Virtual web banking and Andalucía Móvil mobile app, supplemented by online financial simulators and bill payment/revenue collection services. The institution maintains a risk rating of AA+.

Differentiator

Problem solved

Functional benefit

Products and services

• Ahorro Socio Basic savings account for general members with up to 3.75% annual interest rate and $55 opening minimum, offering free availability of funds.
• Ahorro Infantil Savings account for minors under 18 years old with up to 4.5% annual interest rate and $10 opening minimum, designed to teach children saving habits.
• Ahorro Programado Programmed savings plan with up to 7% annual interest rate, requiring $20 minimum monthly deposits over 6 to 18 month terms.
• Proyecto Futuro Long-term savings plan with up to 6% annual interest rate, $20 initial and monthly deposits, terms of 2 to 30 years, and free life insurance on savings.
• Ahorro Sólido Savings account for legal entities (businesses) with up to 1.5% annual interest rate and $50 opening minimum, backed by AA+ risk rating.
• Andalucía Premium Premium savings account with capitalizing interest every 29 days: natural persons up to 5% annual rate with $5,000 minimum; legal entities up to 2% annual rate with $50,000 minimum.
• Depósitos a Plazo Fijo Fixed-term investment deposit with up to 6.50% annual interest rate, $100 minimum investment, 31-day minimum term, and flexible interest payment options.
• Crédito de Consumo Consumer loan up to $80,000 with up to 96 month repayment term and 13.50% annual interest rate.
• Microcrédito Microcredit for business growth with interest rate from 14% annual, supporting business expansion, startup, or machinery purchase for borrowers aged 18 to 79.
• Crédito Inmobiliario Real estate mortgage loan up to $180,000 with up to 192 month repayment term and interest rate from 9.10% annual.
• Crédito PYMES Small and medium enterprise credit up to $600,000, with up to 96 months for fixed assets and 48 months for working capital, at 9.25% annual interest rate.
• Crédito Vehicular Vehicle financing loan with up to 72 month repayment term, 13.30% interest rate for consumption or 15.50% for microcredit.
• Tarjeta de Débito VISA Andalucía VISA debit card with contactless technology, $1,500 daily spending limit, $500 national / $1,000 international ATM withdrawal limits, and $1,500 daily online purchase limit.
• VISA Andalucía Gold Credit Card National and international VISA Gold credit card with 2,000 welcome points, 15.50% financing rate, 0% VAT on generated services, free cash advances at Andalucía ATMs, and up to 36 months deferred payments.
• VISA Andalucía Platinum Credit Card Premium VISA Platinum credit card with 3,000 welcome points, 0% VAT on generated services, complimentary Disney+ and Star+ subscriptions, and free Rappi Prime for 2 months.
• VISA Andalucía Signature Credit Card Premium VISA Signature credit card with 4,000 welcome points, 0% VAT on generated services, complimentary Disney+ (3 months), Star+ (2 months), Bloomberg subscription, and SkyBox membership.
• Andalucía My Rewards Points and miles rewards program for all VISA Andalucía credit cards, with redemptions on travel via Expedia and online purchases at 61 million merchants worldwide.
• Pagos y Recaudaciones Bill payment and collection service covering utilities (EMMA, EEQ, CNT), municipality and property taxes, traffic fines, vehicle registration, SRI/RIMPE tax payments, domain transfer, and mobile operator recharges (Movistar, Claro, CNT).

Quantifiable outcome

• 160,000+ members served
• +3 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• Class International RatingcoreOthersIndependent risk rating agency that assigns AA+ rating to Andalucía, providing independent assessment of financial strength and creditworthiness to members and the public.
• Summa RatingscoreOthersIndependent risk rating agency that assigns AA+ rating to Andalucía, providing second independent assessment of financial stability and reliability.
• COSEDE (Corporación del Seguro de Depósitos)coreOthersDeposit Insurance Corporation providing deposit protection coverage for members. The corporation guarantees deposits up to specified limits, enhancing member trust and financial security.
• VISAcoreTechnology or IntegrationInternational payment network partner for credit and debit cards. Offers Gold, Platinum, and Signature tier cards with international acceptance, rewards programs, and exclusive benefits.
• Junta de Regulación Monetaria FinancieracoreOthersMonetary and Financial Regulatory Board that sets regulatory framework and standards for Ecuadorian financial institutions including cooperatives.
• Superintendencia de Economía Popular y Solidaria (SEPS)coreOthersRegulatory superintendence that supervises and controls popular and solidary economy entities including savings and credit cooperatives.
• Banco Central del EcuadorcoreOthersCentral bank of Ecuador providing monetary policy, currency, and financial system stability functions that impact cooperative operations.
• Andalucía Vive Partner EstablishmentsminorChannel Partner/ Reseller/ DistributorTravel agencies and establishments offering discounts and benefits to Andalucía cardholders for travel packages to destinations including Orlando-Miami, Cartagena, Mexico City, and Panama.

Scale indicators5 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Banco de Guayaquil: Major Ecuadorian commercial bank offering retail savings, mortgage, and SME lending — competes with Andalucía for the same Quito-area retail and small-business deposits and credit customers, albeit with a broader product suite.
• Banco del Pacífico: Ecuadorian commercial bank with national retail and digital banking footprint — relevant competitor to Andalucía in consumer deposits and credit cards across major Ecuadorian cities.
• Produbanco (Grupo Promerica): Large Ecuadorian commercial bank providing consumer credit, mortgages, and SME lending — relevant peer for benchmarking Andalucía's credit product pricing and digital delivery against an established retail-banking incumbent.
• Banco Pichincha: Ecuador's largest commercial bank with nationwide branch network, full retail and SME banking, and digital channels — a broad incumbent competing for the same Ecuadorian deposits and lending customers that Andalucía serves through its credit union model.
• Banco Bolivariano: Ecuadorian commercial bank with national presence in retail and SME banking — competes for SME/PYMES credit customers that Andalucía also targets through its Créditos PYMES product line.

Direct peers

• Cooperativa de Ahorro y Crédito Jardín Azuayo: One of Ecuador's largest credit unions, also regulated by SEPS, serving retail members and small businesses with savings, credit, and digital banking across multiple provinces — directly comparable in product mix, regulatory framework, and target customer to Andalucía.
• Cooperativa de Ahorro y Crédito El Sagrario: Ecuadorian cooperative financial institution regulated by SEPS providing savings and credit services — competes directly for cooperative members and operates under an identical governance and regulatory framework.
• Cooperativa de Ahorro y Crédito Cooprogreso: Major Ecuadorian cooperative financial institution offering savings, credit, and member services, also under SEPS supervision with similar geographic concentration in central Ecuador — competes for the same cooperative-member segment as Andalucía.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights5 records

Customer concentration

• Xx.com/coopandalucia
• YouTubeinstagram.com/coopandalucia
• Facebookfacebook.com/CoopAndalucia
• LinkedInlinkedin.com/company/coopandalucia

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Andalucía