Coocique
Coocique is a Costa Rican open credit cooperative serving 110,000+ members through 23 branches, offering savings, personal and PYME loans, credit/debit cards, insurance, and digital banking via a CORE Transaccional platform.
- Company typePrivate
- Founded1966
- HeadquartersQuesada, Costa Rica
- Headcount101–250
- GTM typeB2B and B2C
- OfferingServices
What Coocique does
Coocique (Cooperativa de Ahorro y Crédito Coocique R.L.) is a Costa Rican open credit cooperative founded in 1966, serving more than 110,000 members through a network of 23 branches across the country. Its core business spans member savings accounts, personal and mortgage loans, small-business (PYME) financing, credit and debit cards, and insurance distribution, with the PYME book alone exceeding ₡26 billion in disbursements in 2025 and ₡300 billion+ cumulatively. The cooperative has been certified as an operator under Costa Rica's Sistema de Banca para el Desarrollo (SBD) for more than 15 years, granting it access to development-banking funding channels that non-certified competitors cannot reach.
The technology backbone consists of a CORE Transaccional platform that powers digital banking and a mobile application, augmented by the CoociPASS digital-key security layer, Google Pay and Google Wallet integrations (scheduled for June 2026), and compatibility with the domestic SINPE Móvil instant-transfer rail. An environmental-themed "Fauna" debit card is positioned as an ESG-anchored product in the card portfolio. Three wholly-owned subsidiaries extend the franchise: Agencia de Seguros Coocique S.A. (insurance distribution), Inmobiliaria Coocique S.A. (real-estate vehicle), and Fiduciaria FICQ S.A. (trust services). Training and accompaniment programs delivered with INA and TEC provide non-financial value-adds to SME clients.
Revenue is generated through net interest income on the lending book, fees and interchange on cards, insurance commissions, and trust and real-estate services via the subsidiaries. The cooperative is open (no employer or industry gating for membership) and has rolled out segment-specific programs including NG (under-25) and Generación Dorada (65+), as well as a Hospital Cooperativo partnership announced in late 2025 that extends the ecosystem into health services. Pricing levers include a 50% discount on notary fees for members, and a governance restructuring reducing the Board from 7 to 5 directors signals an ongoing cost-discipline posture.
Coocique firmographics
Firmographics- Name
- Coocique
- Legal name
- Cooperativa de Ahorro y Crédito Coocique R.L.
- Website
- https://coocique.fi.cr
- Company type
- Private
- Founded year
- 1966
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Coocique is a Costa Rican open credit cooperative serving 110,000+ members through 23 branches, offering savings, personal and PYME loans, credit/debit cards, insurance, and digital banking via a CORE Transaccional platform.
- Ownership category
- akta.pro rank
Coocique industry classification
Industry- Product category
- Cooperative Banking & Financial Services
- NAICS
- Credit Unions (522130)
- SIC
- Savings Institution, Federally Chartered (6035)
- akta.pro primary industry
- Cooperative Banks (Member-Owned Commercial/Retail) (FSABAEAF)
Keywords
Where Coocique is headquartered
LocationHeadquarters
- HQ city
- Quesada
- HQ country
- Costa Rica
- HQ region
- Latin America
Offices24 records
Markets served
Coocique business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others
Revenue model
- Interest Income from Lending: Primary revenue stream from interest charged on personal loans, mortgage loans, PYME financing, and credit card balances. Diversified across production (43%), consumption (39%), housing (14%), and savings (3%) portfolios
- Savings Deposits and Interest Expense: Member deposits fund lending operations. Interest paid on savings accounts, certificates of deposit, and investment accounts
- Service Fees: Fees from digital certificates, digital signatures, insurance products, and various banking services
- Insurance Products: Sales commission revenue from insurance products including student insurance, card protection, and travel insurance through Agencia de Seguros Coocique S.A
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | PYME Credit Productive - Fixed rate from 10.5% |
| Subscription | Annual | Student Insurance - From ₡7,950 |
| Other | Pay-as-you-go | Plazo Fijo Colones - 3.12% to 6.55% |
| Other | Pay-as-you-go | Plazo Fijo Dólares - 2.42% to 5.55% |
| Subscription | Annual | Digital Signature - ₡25,000 to ₡45,000 |
| Subscription | Monthly | Personal Credit - Refinancing at lowest rate in Costa Rica |
Go-to-market motion3 records
Distribution channels6 records
Marketing channels7 records
Coocique product offering
Product offeringCore offering
Coocique is a savings and credit cooperative that provides financial services to individual members and small and medium enterprises (PYMEs). It offers savings accounts, fixed-term deposits, personal and housing loans, credit and debit cards, insurance products, digital banking, and SME financing through the Sistema de Banca para el Desarrollo (SBD). The cooperative distributes its products and services through 23 branches nationwide and digital channels including web banking and a mobile app.
Product overview
Coocique is a cooperative savings and credit institution (Cooperativa de Ahorro y Crédito Coocique R.L.) offering a comprehensive suite of financial products and digital services. The core digital banking platform consists of Coocique en Línea (web banking) and App Móvil Coocique, supplemented by the CoociPASS digital security key. The product portfolio spans savings products (Ahorro Vista, Ahorro Fácil, Ahorro Navideño, Ahorro Más, Certificado de Depósito a Plazo, Cuenta de Inversión Vista), loan products (Préstamo Personal, Préstamo sobre Ahorros, Crédito de Vivienda, and PYME credit programs), payment cards (multiple credit and debit card variants including Coocique Mujer, Standard, Gold, NG, Generación Dorada, and Fauna), insurance products (Seguro de Tarjetas, Seguro Estudiantil), and additional services (Puntos Hey loyalty program, Firma Digital, Coocique Viajes, and PYME accompaniment programs). The institution serves over 110,000 members across 23 branches nationwide with a focus on digital transformation and SME support.
Differentiator
Problem solved
Functional benefit
Brands
- Coocique Viajes: Travel agency service offering travel packages, insurance, and financing for travel with 0% interest rates on Coocique credit cards.
Quantifiable outcome
- Over ₡300 billion historically financed to SMEs with ₡26+ billion in 2025 alone
- +3 more outcomes
Companies that use Coocique
Customer profileNamed customers2 records
Segments5 records
Ideal customer profiles4 records
Coocique technology and API
TechnologyAPI detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Feature4 records
Coocique partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core.
- Hospital Cooperativo San Carlos BorromeocoreStrategic partnership providing exclusive health discounts to Coocique members. Members receive 10-30% discounts on medical services including specialties (10%), X-rays (30%), general medicine (15%), hospitalization (10%), and laboratory services (5%) when paying with Coocique debit, credit cards, or SINPE Móvil.
- Instituto Nacional de Aprendizaje (INA)coreTraining partnership providing specialized workshops and technical content for entrepreneurs and SMEs. Joint programs include digital guides, technical training, and business development resources to strengthen enterprise management and competitiveness.
- Tecnológico de Costa Rica (TEC)coreAcademic partnership for specialized training and workshops targeting entrepreneurs and SMEs. Programs focus on business management, innovation, and enterprise strengthening with technical content developed jointly.
- Instituto Nacional de Seguros (INS)coreBacking insurance products including student accident insurance and card protection insurance. Coocique acts as insurance agency through Agencia de Seguros Coocique S.A., offering INS-backed coverage to members.
Scale indicators8 records
Recent moves6 records
Expansion highlights6 records
Coocique competitors and assessment
Company assessmentDirect peers
- Coopeuch: Largest credit cooperative in Latin America, offering savings, loans, cards, insurance, and digital banking to members. Highly comparable business model and product mix, providing a benchmark for scale and digital capabilities within the cooperative segment.
- Coopebanc R.L. Costa Rican cooperative focused on SME and corporate banking, providing financing, deposits, and treasury services. Comparable in offering SME credit lines and operating under the same Costa Rican cooperative framework.
- Coopealianza R.L. Costa Rican credit cooperative offering savings, lending, and digital banking services to members. Closely comparable in business model, product set (savings, loans, cards, insurance), and cooperative governance structure.
- Coopenae R.L. Costa Rican cooperative savings and credit institution with a similar member-based deposit and loan franchise. Direct competitor for individual members and SMEs across Costa Rica, sharing the same cooperative regulatory and operational model.
- Coopeservidores R.L. Costa Rican savings and credit cooperative serving members with deposits, loans, cards, and digital services. Operates with the same member-owned cooperative model and competes for the same retail and SME segments.
Broad incumbents
- Banco Nacional de Costa Rica: Costa Rica's largest state-owned commercial bank, providing deposits, lending, and government-backed development financing. Competes directly with Coocique in the SME segment through its own SBD-adjacent programs and offers a much larger distribution footprint.
- BAC Credomatic: One of the largest financial groups in Costa Rica and Central America, offering commercial banking, credit cards, insurance, and SME financing. A broad incumbent competing with Coocique across retail, SME, and digital channels.
- Banco Popular y de Desarrollo Comunal: Costa Rican state-owned commercial bank with a development-banking mandate and the largest branch network in the country. Competes broadly with Coocique in retail deposits, consumer credit, and SME financing, with deeper resources and broader product scope.
Regional players
- Caja de Ande: Costa Rican cooperative savings and credit institution serving primarily the education sector. Operates under the same cooperative model and regulatory framework but targets a distinct member segment, making it a comparable cooperative reference rather than a head-to-head competitor.
Others
- Instituto Nacional de Seguros (INS): Costa Rican state-owned insurance company that underwrites Coocique's insurance products (student accident, card protection). Functions as a strategic partner and distribution enabler for Coocique's insurance revenue stream via Agencia de Seguros Coocique S.A.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks4 records
Key highlights6 records
Customer concentration
Coocique social profiles
Digital presenceCoocique compliance and trust
Trust signalCompliance1 record
Coocique financial estimates
Financial estimateRevenue estimate
Valuation estimate
Coocique leadership team
Management profileNumber of profiles
Profiles10 records
Coocique subsidiaries and ownership
Company hierarchySubsidiaries3 records
Coocique funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Coocique 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 Coocique
What does Coocique do?
Coocique is a savings and credit cooperative that provides financial services to individual members and small and medium enterprises (PYMEs). It offers savings accounts, fixed-term deposits, personal and housing loans, credit and debit cards, insurance products, digital banking, and SME financing through the Sistema de Banca para el Desarrollo (SBD). The cooperative distributes its products and services through 23 branches nationwide and digital channels including web banking and a mobile app.
Is Coocique a public or private company?
Coocique is a private company. It is classified as management employee owned and is currently operating.
When was Coocique founded?
Coocique was founded in 1966. It employs 101 to 250 people.
Where is Coocique based?
Coocique is headquartered in Quesada, Costa Rica, in the Latin America region.
How does Coocique make money?
Four revenue lines are on record. Interest Income from Lending is the primary driver. The others are savings Deposits and Interest Expense, service Fees and insurance Products.
Who are Coocique's main competitors?
Direct peers on record are Coopeuch, Coopebanc R.L., Coopealianza R.L., Coopenae R.L. and Coopeservidores R.L.. Broad incumbents are Banco Nacional de Costa Rica, BAC Credomatic and Banco Popular y de Desarrollo Comunal. Caja de Ande is listed as a regional player. Instituto Nacional de Seguros (INS) is listed as an others.
Does Coocique have an API?
No public API is recorded for Coocique.
What industry is Coocique in?
Coocique's product category is Cooperative Banking & Financial Services. Its primary akta.pro industry code is FSABAEAF, Cooperative Banks (Member-Owned Commercial/Retail). Its NAICS code is 522130 and its SIC code is 6035.