COOPERATIVA TEXAS

What COOPERATIVA TEXAS does

Cooperativa Texas (Coopetexas) is a Colombian savings and credit cooperative (Cooperativa de ahorro y crédito) headquartered in Bogotá at Carrera 7B No. 108 A 89, founded on July 15, 1940 by 23 employees of the Texas Petroleum Company (now Chevron Petroleum Company). It is the third oldest cooperative in Colombia's solidarity sector, supervised by the Superintendencia de la Economía Solidaria and insured by the Fondo de Garantías de Entidades Cooperativas (Fogacoop). Coopetexas primarily serves employees of Chevron Petroleum Company, Hocol, Mansarovar, and affiliated petroleum companies in Colombia, along with pensioners and immediate family members (spouses, permanent companions, children under 25, and — more recently — siblings under 25).

Name

COOPERATIVA TEXAS

Legal name

Cooperativa Texas

Website

https://coopetexas.com.co

Company type

Private

Founded year

1940

Operating status

Operating

Headcount range

1–10 employees

Short description

Cooperativa Texas (Coopetexas) is a Colombian savings and credit cooperative founded in 1940, serving employees of Chevron, Hocol, Mansarovar, and affiliated petroleum companies — plus their families — through savings, credit, insurance, and medical/wellness benefits across 10+ Colombian cities.

Ownership category

akta.pro rank

Headquarters

HQ city

Bogotá

HQ country

Colombia

HQ region

Latin America

Offices14 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Credit Interest Income: Coopetexas earns interest income on various credit products including preferential credits (0.95% M.V.), credit lines, vehicle loans, housing loans, education credits, and health credits. Interest rates range from 0.85% to 1.5% monthly depending on credit type. The cooperative charges rates below the financial sector while maintaining competitive returns.
2. Savings Deposits (Rentatex, CDATEX, Programmed Savings): Members maintain savings accounts including sight savings (Rentatex), term savings certificates (CDATEX with 7.0-9.0% E.A. rates), programmed savings (Rentavida, educational savings, health savings, long-term savings). The cooperative uses these deposits to fund lending operations.
3. Insurance Distribution Commissions: Coopetexas facilitates group insurance policies including life insurance, vehicle insurance (Suramericana through Correcol), home insurance (Seguros Bolívar, SBS Seguros), pet insurance, funeral plans (Recordar S.A.), and accident insurance. Commissions earned from insurance partner distribution.
4. Medical Services and Subsidies: The cooperative manages medical ticket systems, subsidies for medical services, optical subsidies (80% up to $450,000 first event, $250,000 second event), and facilitates access to prepaid medicine (Colmédica, Colsanitas, SURA), home medical services (Emi), and pharmaceutical discounts through Olímpica drugstores.
5. Afiliation Fees and Initial Contributions: Members pay an initial contribution equivalent to 1.5 SMMLV (minimum legal monthly salary) for affiliation, deferred in up to 12 installments. Monthly contributions fund the cooperative's capital base.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels9 records

Core offering

Coopetexas is a Colombian savings and credit cooperative that provides its member-owners with a comprehensive suite of financial products including six savings vehicles (Rentatex demand savings, Rentavida programmed savings, CDATEX fixed-term certificates, and long-term savings programs for health, education, and flexible goals) and over 15 named credit lines (preferential, digital, housing, vehicle, education, health, entrepreneurial, debt consolidation, revolving, and bonus-backed credit) at rates from 0.85% to 1.5% monthly. It complements these with group insurance (life, auto, home, pet, funeral), medical subsidies, solidarity aids, and an extensive network of partner discounts on wellness, education, travel, and consumer products.

Product overview

Coopetexas is a savings and credit cooperative (Cooperativa de ahorro y crédito) that functions as a comprehensive financial services platform serving associated members, offering a broad portfolio of savings products, credit lines, insurance policies, and ancillary wellness services. The core product architecture is organized around five pillars: (1) Savings products including Rentatex (demand savings), Rentavida (programmed savings), CDATEX (fixed-term certificates), Ahorro a la Salud (health savings), Ahorro Educativo a Largo Plazo (educational savings), and Ahorro Largo Plazo (flexible long-term savings); (2) Credit products including over 15 distinct lines such as Crédito Preferencial, Crédito Digital, Crédito de Vivienda, Crédito de Vehículo, Crédito Educativo, Crédito sin Codeudores, Crédito Emprendedores, and others serving consumer, housing, vehicle, health, and education financing needs; (3) Insurance products including life insurance (Póliza Vida Vida), collective automobile and motorcycle policies, home insurance (Póliza Hogareña), pet insurance, and exequial (funeral) plans; (4) Medical agreements (convenios médicos) including prepaid medicine providers (Colmédica, Colsanitas, SURA), home medical services (Grupo EMI), and pharmacy agreements (Droguería Olímpica); and (5) Complementary benefit programs including wellness and spa services (Wellness Spa Móvil, Time Spa), fitness (SmartFit), tourism (Aviatur, Marrero Viajes), entertainment (Cinemark vouchers), education (Politécnico Internacional, Escuela Mariano Moreno), and automotive (Madiautos, Samsung). The cooperative also provides digital tools such as credit and CDATEX simulators, an online member portal (Coopetexas Virtual), and a business directory for associated entrepreneurs. Coopetexas is supervised by the Superintendencia de la Economía Solidaria and insured by Fogacoop.

Differentiator

Problem solved

Functional benefit

Products and services

• Rentatex Demand savings account that allows associates to make deposits and withdraw funds at any time, fostering a savings culture among cooperative members.
• Rentavida Programmed savings product where Coopetexas recognizes monthly-capitalized interest, with partial or total withdrawals available twice per year (May 31 and November 30).
• CDATEX Fixed-term savings certificate that generates returns to help associates meet financial goals, available in 90-day and 180-day terms with effective annual rates from 7.0% (new capital) to 9.0% (renewals).
• Ahorro a la Salud Long-term savings program enabling associates and beneficiaries to accumulate funds for medical services, complementing mandatory health plans, with terms from 3 to 10 years.
• Ahorro Educativo a Largo Plazo Long-term savings program designed to fund higher education expenses for children or grandchildren of associates, with terms from 5 to 20 years.
• Ahorro Largo Plazo Flexible long-term savings program for goals such as master's degrees, entrepreneurship projects, travel, and international studies, with terms from 2 to 10 years.
• Crédito Preferencial Preferential credit line with a nominal monthly rate of 0.95% M.V. (12.01% effective annual), with a maximum term of 96 months; Coopetexas covers 70% of the associated life insurance premium.
• Crédito Digital Fully digital credit accessible in one click without co-debtors, maximum amount $10,000,000 COP, nominal monthly rate of 0.89% M.V. (11.22% effective), 36-month term.
• Crédito de Adquisición de Vivienda Housing credit for property purchase at an effective rate of DTF+2 percentage points, with terms from 60 to 180 months; requires first-degree mortgage and insurance.
• Crédito de Remodelación de Vivienda Home remodeling credit at an effective rate of DTF+2 percentage points to finance renovation of the associate's home.
• Crédito de Vehículo Vehicle financing credit at a nominal monthly rate of 0.89% M.V., with terms up to 84 months; requires insurance and a lien without possession.
• Crédito Educativo Education financing credit at a nominal monthly rate of 0.85% M.V. (10.69% effective), available for undergraduate studies (12-month term without scholarship, single payment with scholarship) and postgraduate/specialization/master's/doctoral programs.
• Crédito de Salud Credit for medical and dental expenses at a preferential nominal monthly rate of 0.85% M.V. (10.69% effective), based on an invoice or budget from a healthcare provider.
• Crédito sin Codeudores Credit that does not require co-debtors, with a maximum amount of $28,500,000 COP, nominal monthly rate of 1.0% M.V. (12.68% effective), and term of up to 48 months.
• Crédito de Aportes Easy-access credit for associates without requiring co-debtors, at a nominal monthly rate of 1.0% M.V. (12.68% effective), with a maximum term of 60 months.
• Crédito Línea Única Consumer credit for free investment at a nominal monthly rate of 1.3% M.V. (16.77% effective), with a maximum term of 120 months.
• Compra de Cartera Debt consolidation product that improves monthly cash flow by taking over obligations from other entities, at a nominal monthly rate of 0.89% M.V. (11.22% effective).
• Rotativo T.D.A. Revolving credit line enabling purchases and withdrawals through electronic ATMs at a nominal monthly rate of 1.3% M.V. (16.77% effective), without requiring co-debtors.
• Crédito Emprendedores Credit supporting associates in launching or growing a business idea or ongoing enterprise, at an effective rate of 10.69% E.A., with a 72-month term.
• Crédito Contragarantía Inversiones Coopetexas Credit using the associate's existing Coopetexas investments as collateral, at one additional percentage point above the investment rate, with the same term as the investment maturity.
• Crédito Contragarantía Otras Prestaciones Credit collateralized by other employee benefits such as severance fund, profit-sharing, or mutual savings funds, at a nominal monthly rate of 1.5% M.V., with a 12-month term.
• Crédito Primas a Futuro Credit granted on 50% of the value of the service bonus the associate will receive over the next 5 years, at a nominal monthly rate of 1.5% M.V. (19.56% effective), with a 10-semester term.
• Crédito Prima de Servicios Credit granted for 50% of the value of the associate's service bonus, at a nominal monthly rate of 1.4% M.V. (18.16% effective), with a 6-month term.
• Seguro de Vida (Coopetexas-subsidized) Life and total permanent disability insurance acquired when obtaining any credit; the cooperative covers 70% of the premium cost up to the credit balance amount.
• Póliza Vida Vida Group life insurance with a maximum insured value of $500,000,000 COP covering death, total permanent disability, and additional accidental death indemnification.
• Póliza Colectiva Automóviles Collective automobile insurance offered through an exclusive agreement with Suramericana and managed by Correcol S.A. with a dedicated advisor for associates.
• Póliza Colectiva Motos Collective motorcycle insurance covering both high (above 250 c.c.) and low displacement (250 c.c. or less) motorcycles, including free preventive reviews and mechanical assistance.
• Póliza Hogareña Comprehensive home insurance offered through strategic alliances with Seguros Bolívar and SBS Seguros Colombia, covering structure and contents, civil liability, natural disasters, accidental glass breakage, and household assistance services.
• Seguro de Mascotas SBS Pet insurance and assistance covering veterinary consultations, vaccination, emergency transport, and home medications for dogs and cats, underwritten by SBS Seguros Colombia (HDI brand).
• Póliza Exequial Funeral previsional plan offered in partnership with Recordar S.A., covering legal procedures, coffin, transportation, wake, floral arrangements, hearses, religious ceremony, cremation, or burial services.
• Plan Exequial Mascotas Recordar Pet exequial plan for dogs and cats (up to five per owner, aged 3 months to under 10 years), including 24/7 service, transportation, cremation or burial, and certificate delivery.
• Seguro de Accidentes Personales para Ocupantes de Vehículos Personal accident insurance for vehicle occupants covering death in transit accidents (up to $100,000,000 COP), dismemberment, and medical expenses for fractures.
• Tiquetera Médica y Subsidios Medical voucher and subsidy program covering general medicine, specialists, dentistry, therapies, dermatological and ophthalmological procedures, diagnostic tests, optical implements, and lenses (80% subsidy up to $450,000 COP first event, $250,000 COP second event annually).
• Convenios Médicos (Medicina Prepagada) Prepaid medicine agreements with Colmédica, Colsanitas (Grupo Sanitas), and SURA EPS offering national and international coverage, direct specialist access, and discounts for simultaneous EPS affiliation.
• Medicina Domiciliaria (Grupo EMI) Home medical assistance service offering 24/7 medical consultations, emergency care, telephone medical guidance, medical transport, and home dental services with national and international coverage.
• Convenio Medicamentos (Droguería Olímpica) National pharmacy agreement with Droguería Olímpica where associates receive medical vouchers valued at $300,000 COP per ticket for medications and preferential pricing.
• Auxilio de Solidaridad Economic aid granted to associates facing special circumstances such as domestic emergencies or particular difficulties, in line with the cooperative's solidarity principle.
• Auxilio Funerario Funeral assistance benefit paid to associates or their families upon the death of the associate or a beneficiary, with documentation required within 180 calendar days.
• Fondo de Solidaridad Solidarity fund providing economic assistance to associates in special circumstances, including health-related calamities and domestic emergencies, governed by its own regulations.
• Cinebonos Cinemark Cinemark cinema vouchers at $37,200 COP for 2D/3D experience with combo and $49,200 COP for XD/Premier experience, valid in 18 cities across Colombia, payable in 1-6 interest-free installments; validity until April 21, 2027.
• Convenio SmartFit Gym membership through the SmartFit Plan Black at $299,700 COP per quarter, offering national and international access, free group classes, virtual trainer, massage chair sessions, and 5 free monthly guest entries, with no permanence clause.
• Convenio Samsung Electronics and appliance discount program with Samsung offering up to 40% discount on the corporate portfolio, accessible via the Samsung aggregators portal using the COOPSAM code, with national shipping.
• Convenio Aviatur Travel and tourism agreement offering 3% to 5% discounts on land portions of domestic and international travel (excluding air tickets), extendable to first-degree relatives; credit available through Coopetexas.
• Convenio Madiautos (Mazda e Hyundai) Automotive dealer partnership with Madiautos S.A.S. offering up to 2% discount on Mazda and Hyundai vehicles, with preferential appointments and logistical support for associates.

Quantifiable outcome

• 86 years of continuous operation since July 15, 1940, making Coopetexas the third oldest cooperative in Colombia
• +5 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

26 partnerships are on record, tiered flagship, core and minor.

• Ascoop (Asociación Colombiana de Cooperativas)flagshipStrategic or Co-development Partner · 10 July 2025The Colombian Association of Cooperatives visited Coopetexas to recognize and celebrate the cooperative's 85th anniversary. Executive President María Eugenia Pérez Zea and Legal Director Francy Yaneth Hurtado Baquero delivered a commemorative plaque recognizing Coopetexas as the third oldest cooperative in Colombia's solidarity sector.
• Fogacoop (Fondo de Garantías de Entidades Cooperativas)coreStrategic or Co-development PartnerGovernmental organism that guarantees resources to associated savers in case the cooperative faces liquidity problems or liquidation. Coopetexas is inscribed in Fogacoop, providing member deposit protection.
• Suramericana S.A. (via Correcol S.A.)coreChannel Partner/ Reseller/ DistributorCollective auto and motorcycle insurance policies offered through exclusive advisor Carlos Andrés Cajamarca at Correcol. Provides comprehensive vehicle coverage including preventive maintenance, mechanical advice, free inspection, and roadside assistance for high-displacement motorcycles.
• Seguros Bolívar S.A.coreChannel Partner/ Reseller/ DistributorHome insurance (Póliza Hogareña) offered through strategic alliance with SBS Seguros Colombia S.A. Comprehensive coverage for property and contents including civil liability, accidental death, medical services for domestic workers, glass breakage, and natural disasters.
• SBS Seguros Colombia S.A.coreChannel Partner/ Reseller/ DistributorHome insurance products with extensive coverage for structure and contents. Coverage includes earthquake, terrorism, water damage, and additional services like billetera protegida, documentos protegidos, and llaves protegidas.
• HDI Seguros (via SBS)minorChannel Partner/ Reseller/ DistributorPet insurance offering medical consultations, vaccination, emergency transport, and home medication delivery through HDI brand.
• Recordar S.A. Previsión ExequialcoreChannel Partner/ Reseller/ DistributorFuneral planning service (Plan Exequial) facilitating arrangements for transportation, casket, wake, religious ceremony, cremation, or burial. Includes legal procedures for transfer, burial, or cremation.
• Colmédica Medicina PrepagadacoreChannel Partner/ Reseller/ DistributorPrepaid medicine provider with over 30 years of experience. Offers health coverage, national and international medical access, direct specialist access without EPS referral, and discounts for simultaneous EPS Aliansalud affiliation.
• Colsanitas (Grupo Sanitas)coreChannel Partner/ Reseller/ DistributorComprehensive health services offering wellness, security, and peace of mind. Direct access to all specialties, EPS Sanitas discounts, over 5,000 healthcare professionals and 2,000 care entities nationwide.
• SURA EPScoreChannel Partner/ Reseller/ DistributorHealth insurance with specialized medical directory, focused on caring for member wellbeing throughout life stages. Access to top specialists and institutions with quick, timely attention.
• Grupo Emi - Asistencia Médica DomiciliariaminorChannel Partner/ Reseller/ DistributorHome medical assistance services including 24/7 emergency care, home doctor consultations, medical transport, telephone medical guidance, national and international coverage, and home dental services.
• Droguería OlímpicaminorChannel Partner/ Reseller/ DistributorNational pharmacy chain partnership providing medication discounts. Members identify themselves with medical tickets and receive preferential pricing on pharmaceuticals.
• SmartFitminorChannel Partner/ Reseller/ DistributorGym membership with Plan Black at $299,700 quarterly. Includes national and international access, 5 free guest entries monthly, massage chair sessions, group classes, and virtual trainer app. No permanence clause.
• Wellness Spa MóvilminorChannel Partner/ Reseller/ DistributorMobile spa service in Bogotá, Medellín, Cali, and Barranquilla. Provides relaxation and wellness experiences for members and families. Service vouchers valid for 1 year, payable in up to 4 interest-free installments.
• Time Spa / Vista Club SpaminorChannel Partner/ Reseller/ DistributorWellness and spa services with sensory relaxation experiences. Located at Bogotá Plaza Hotel with personalized service through advisor Adriana Garzón.
• Samsung Electronics ColombiaminorChannel Partner/ Reseller/ DistributorCorporate electronics purchases with up to 40% discounts. Access to corporate portal with code COOPSAM for appliances, cell phones, devices, and audiovisual equipment with national shipping.
• AviaturminorChannel Partner/ Reseller/ DistributorTravel agency offering 3-5% discounts on land portions (before VAT) for national and international travel. Excludes air tickets. Credit available through Coopetexas.
• Marrero Viajes y Turismo LTDAminorChannel Partner/ Reseller/ DistributorTravel agency offering personalized itinerary planning, real-time currency updates, airline tariff information, airport assistance, and visa/passport advisory services.
• Cinemark ColombiaminorChannel Partner/ Reseller/ DistributorCinema bonuses at $37,200 for 2D/3D experience with combo and $49,200 for XD/Premier experience. Valid in 18 cities, payable in 1-6 interest-free installments.
• Madiautos S.A.S.minorChannel Partner/ Reseller/ DistributorVehicle dealership offering Mazda and Hyundai vehicles. Benefits include up to 2% discount, preferential appointments, and logistics support for transfers. 30 years of experience in Colombia.
• Politécnico InternacionalminorChannel Partner/ Reseller/ DistributorTechnical and technological education institution offering 10% discount on tuition for any academic program. Culinary programs, diplomas, and complementary courses available at three Bogotá campuses.
• Escuela de Gastronomía Mariano MorenominorChannel Partner/ Reseller/ DistributorGastronomy school offering 15% discount on technical programs and 10% on diplomas and short courses for members and extended family (second degree consanguinity). Available in Bogotá, Cali, and Medellín.
• Academia Bogotá City ArtsminorChannel Partner/ Reseller/ DistributorArts academy offering classes for all ages (from 7 years), all levels, with flexible schedules including morning, afternoon, weekday, and weekend sessions. Highly qualified teachers.
• La Maglia Bike ShopminorChannel Partner/ Reseller/ DistributorCycling accessories shop offering wide range of products from helmets to bicycles for all levels. Fast, secure shipping throughout Colombia. Located in Riohacha.
• Superintendencia de la Economía SolidariacoreStrategic or Co-development PartnerColombian government regulatory body that supervises and regulates the solidarity economy sector, including cooperatives. Coopetexas is under vigilance of this entity.
• SELSA Cloud (Linix v6)coreTechnology or IntegrationTechnology provider for Coopetexas Virtual online banking platform (Linix v6 system). Enables members to access accounts, manage credit payments, and conduct financial transactions digitally.

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Coomeva: Large Colombian cooperative providing financial, health, and educational services to an affiliated membership base. Operates a near-identical cooperative model (member-owned, multi-product, sector-anchored) to Coopetexas, making it the closest direct comparable in Colombia.
• Coopcentral: Colombian cooperative of cooperatives providing financial intermediation and support services to affiliated cooperatives. Both entities operate within Colombia's solidarity economy under Superintendencia oversight and serve members with savings/credit functionality.

Others

• La Equidad Seguros: Colombian insurance carrier organized as a cooperative (prepaid health, life, property/casualty). Relevant as a cooperative-structured insurer in the same Colombian ecosystem and as a counterpoint to Coopetexas' own insurance distribution and subsidy model.
• Suramericana S.A. Major Colombian insurance company and a distribution partner of Coopetexas for collective auto/motorcycle policies. Not a direct competitor in deposits or credit, but represents the insurance-carrier partner relationship that drives Coopetexas' insurance distribution commissions.

Broad incumbents

• Davivienda: One of Colombia's largest commercial banks offering savings, credit, and insurance products broadly. Unlike Coopetexas, Davivienda serves the general retail Colombian market rather than a closed employee membership — a broad incumbent in the same consumer-finance vertical.
• Banco de Bogotá: Major Colombian bank providing savings, credit, and insurance to retail and corporate customers. Serves as a broad incumbent competing with Coopetexas for member-banking relationships, particularly payroll-linked services.
• Banco Agrario: State-owned Colombian bank focused on agricultural and rural lending. Comparable to Coopetexas in operating as a sector-anchored depository/credit institution, but addresses a different vertical (rural/agricultural vs. petroleum-employee).
• Bancolombia: Largest financial group in Colombia offering retail and corporate banking, insurance, and investment services nationwide. Overlaps with Coopetexas in deposits and consumer lending but operates at far greater scale and serves the general public.

Regional players

• Comfama: Caja de Compensación Familiar serving Antioquia and adjacent regions with subsidies, healthcare, recreation, and credit services to affiliated workers. Comparable to Coopetexas in providing employee-linked benefits and credit, but operates on a compensation-fund model rather than cooperative ownership.
• Compensar: Bogotá-based Caja de Compensación Familiar delivering subsidies, recreation, education, and credit to affiliated workers. Operates a similar employee-benefit ecosystem to Coopetexas but on a compensation-fund rather than cooperative structure.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UChyh3VOz5lCDwfS72VDktdA
• Facebookfacebook.com/Coopetexas
• LinkedInlinkedin.com/company/cooperativa-texas-coopetexas
• Instagraminstagram.com/coopetexas

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

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 COOPERATIVA TEXAS