Cooperativa De Yarumal

What Cooperativa De Yarumal does

Cooperativa de Yarumal (legal name: Cooperativa de Ahorro y Crédito de Yarumal Ltda.) is a Colombian savings and credit cooperative founded on August 5, 1962, by Father Efraín Jiménez Trujillo with 36 founding members. It is supervised by the Superintendencia de Economía Solidaria and its savings deposits are insured by FOGACOOP. The cooperative operates from two physical offices — its headquarters in Yarumal, Antioquia, and a branch in Medellín — and is governed by a Consejo de Administración, Junta de Vigilancia, and a Gerencia led by Liliana Restrepo Yepes.

The product portfolio is organized across three pillars: savings (Ahorro a la Vista on-demand accounts, Ahorro Contractual programmed savings for Navidad/Vacacional/Escolar goals, CDAT term deposits, and Ahorro de Menores for minors), credit (consumer loans including Educativo, Libranza, Libre Inversión, sin Codeudor, Rotativo, and Prima Pensionados; housing loans; and commercial/agricultural loans for working capital), and social benefits (annual economic dividends, welfare/previsión, education bonds, and a Solidarity Fund receiving 10% of surpluses). Distribution occurs through in-person service at offices, the Sucursal Virtual online portal, VISA-branded debit cards with ATH ATM access, online payment integrations via PSE and RedCoop, bank correspondents (PAC) at five Colombian banks, and libranza (payroll deduction) agreements with employer partners including FOPEP.

The revenue model is primarily interest income on the credit portfolio, supplemented by social contributions (aportes) from members that function as cooperative equity capital. The membership-based cooperative structure, social contribution lock-in (generating annual dividends and preferential borrowing rates up to 3x contribution value), and community ecosystem — including the only public library operated by a cooperative in Colombia (established 1985), a Ludoteca children's center (established 2004), annual festivals, and educational programs — create durable member retention and a differentiated value proposition against commercial banks in the Yarumal and surrounding municipalities region.

Name

Cooperativa De Yarumal

Legal name

Cooperativa de Ahorro y Crédito de Yarumal Ltda.

Website

https://cooperativadeyarumal.com.co

Company type

Private

Founded year

1962

Operating status

Operating

Headcount range

11–50 employees

Short description

Cooperativa de Yarumal is a Colombian savings and credit cooperative founded in 1962, serving individual members and small businesses in Antioquia (Yarumal and Medellín) with savings products, consumer and commercial credit, and social benefits programs, supervised by the Superintendencia de Economía Solidaria.

Ownership category

akta.pro rank

Product category

Cooperative Banking

NAICS

Credit Unions (522130)

SIC

Personal Credit Institutions (6141)

akta.pro primary industry

Cooperative Banks (Member-Owned Commercial/Retail) (FSABAEAF)

akta.pro secondary industry

Community Development Credit Unions (CDCUs) (FSABAEAC)

Keywords

• Savings and credit cooperative
• Consumer lending services
• Term deposit accounts
• Cooperative banking services
• Housing and agricultural loans

Headquarters

HQ city

Yarumal

HQ country

Colombia

HQ region

Latin America

Offices2 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: The primary revenue stream is interest income generated from the various credit products offered to members, including consumer loans, housing loans, commercial loans, and credit lines. Interest rates vary by product type and are disclosed publicly via rate schedules.
2. Social Contributions and Fees: Members pay social contributions (aportes sociales) and admission fees that constitute the cooperative's equity capital. These are mandatory periodic payments that generate no direct revenue but strengthen the capital base.
3. Savings Deposit Management: Members maintain savings accounts (Ahorro a la Vista, contractual savings, CDATs) that generate fee income and facilitate cross-selling of credit products. No monthly account management fees are charged to members.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels5 records

Core offering

Cooperativa De Yarumal is a Colombian savings and credit cooperative offering its members a full suite of financial products including savings accounts (on-demand, contractual, minor, and CDAT term deposits), VISA-branded debit cards, and a diverse credit portfolio spanning consumer loans, housing mortgages, agricultural and commercial credit. Beyond financial services, the cooperative delivers social benefits including annual dividends, a solidarity fund, education bonds, and community programs through its public library (Biblioteca Efraín Jiménez Trujillo) and children's ludoteca, supported by FOGACOOP deposit insurance and SARLAFT regulatory compliance.

Product overview

Cooperativa de Yarumal is a Colombian savings and credit cooperative offering a unified financial services portfolio organized around three core pillars: savings products, credit products, and social benefits. Its savings line includes on-demand (Ahorro a la Vista), contractual savings (Ahorro Contractual with Navidad, Vacacional, and Escolar sub-products), CDAT term deposits, and minor savings accounts, all accessible via VISA debit card and ATH ATM network. The credit line spans consumer loans (Educativo, Libranza, Libre Inversión, Asociados Únicos, sin Codeudor, Autoayuda, Compra de Cartera, en Aportes, Prima Pensionados, Rotativo, Hipoteca), housing loans, and commercial/agricultural loans, with online simulation tools for CDs and credits. Social benefits include annual dividends, welfare/prevision, education incentives (bonds, school supplies, training), and a Solidarity Fund covering health aid and housing improvement. The cooperative also provides non-financial services such as a public library (Biblioteca Efraín Jiménez Trujillo), children's recreation center (Ludoteca), institutional events, and a virtual branch (Sucursal Virtual) for online banking. All products are supported by FOGACOOP deposit insurance, SARLAFT compliance, and interbank payment integrations including PSE, RedCoop, multiple Colombian banks, and VISA.

Differentiator

Problem solved

Functional benefit

Products and services

• Ahorro a la Vista On-demand savings account available to associated members with daily interest accrual, available 24/7 via debit card or passbook. Provides immediate access to funds, free first debit card or passbook, and FOGACOOP deposit insurance coverage.
• Ahorro de Menores Savings account for minor members aged 0-17 years, managed by a legal representative. Earns the same interest rate as adult accounts with passbook access. Designed to instill a savings culture in children from an early age.
• Ahorro Contractual (Navideño, Vacacional, Escolar) Programmed contractual savings line with preferential rates, offered in three timing variants: Ahorro Navideño (January-December 12-month cycle for holiday expenses), Ahorro Vacacional (12-month cycle started any time for vacation planning), and Ahorro Escolar (February-January cycle for education expenses). Includes daily interest accrual credited at plan maturity.
• CDAT (Certificado de Depósito de Ahorro a Término) Term deposit certificate with a fixed interest rate. Minimum 30-day terms, minimum opening of 1 SMMLV, with interest payment frequency chosen by the depositor. Covered by FOGACOOP deposit insurance.
• Tarjeta Débito VISA-branded debit card for purchases at POS terminals nationwide and internationally, ATM withdrawals via the ATH network, online transactions, and balance inquiries. Includes free alerts, no-cost domestic purchases, and optional revolving credit access.
• Crédito Educativo Loan for financing education costs (tuition, enrollment) for technical, technological, university, or postgraduate studies. Amounts from 1 SMMLV per semester, up to 12-month terms for the first semester. Requires a cosigner based on income.
• Crédito Libranza Loan for employees of companies with payroll deduction agreements with the cooperative. Amounts from 1-110 SMMLV, up to 84-month terms. Fixed installments with preferential rates via payroll deduction through FOPEP or employer.
• Crédito Libre Inversión Personal loan for personal, family, and liquidity needs. Amounts from 1-300 SMMLV with fixed or variable installments and extended financing terms.
• Crédito Asociados Únicos Loan for members whose credit history is exclusively at Cooperativa De Yarumal. Amounts up to 60 SMMLV; requires minimum 6 months of employment stability.
• Crédito sin Codeudor Unsecured loan up to 30 SMMLV for borrowers with indefinite-term contracts over one year, pensioners with demonstrable income, or property owners. Requires a clean payment history in the financial sector.
• Programa de Autoayuda y Cooperación Small loan up to 2 SMMLV over 24 months for associates in social strata 1-3 with household income up to 4 SMMLV. Requires property within the cooperative's area of influence and evidence of home improvement before and after.
• Compra de Cartera Debt consolidation loan for refinancing obligations at other financial institutions. Amounts up to 150 SMMLV, requires A-rated portfolio purchases and no negative credit bureau reports. Provides 20% additional liquidity beyond the balance transfer.
• Crédito en Aportes Short-term liquidity loan backed by social contributions. Amounts up to 5 times contribution value, maximum 60 SMMLV, with quick approval for members needing cash.
• Crédito Prima Pensionados FOPEP Short-term loan for pensioners up to 80% of their monthly pension amount. Terms up to 6 months with semiannual payments due July 10 or January 10. Payroll deduction is administered via FOPEP.
• Crédito Rotativo Revolving credit line up to 10 SMMLV with 48-month terms. The allocated credit ceiling replenishes as payments are made, for goods and services acquisition.
• Crédito Hipoteca Mortgage loan up to 300 SMMLV for new or used home acquisition, individual home construction, or mortgage release. Up to 180-month terms with a 70% first-degree mortgage guarantee.
• Crédito de Vivienda Housing loans for new or used home acquisition, individual construction, or mortgage release regardless of amount, with mortgage guarantee and competitive market rates and terms.
• Crédito Capital de Trabajo Business loan for natural persons or legal entities to finance fixed assets, raw materials, or business operation inputs. Amounts from 15-300 SMMLV with up to 60-month terms. A cosigner is required for amounts over 61 SMMLV.
• Crédito Agropecuario Agricultural and livestock business loan for natural persons or legal entities where at least 55% of income comes from agricultural activities. Subject to project evaluation; real guarantees may be required.
• Aportes Sociales Mandatory social contributions constituting cooperative capital. Includes ordinary contributions (5% SMMLV for natural persons, 25% for legal entities), extraordinary contributions, and amortized contributions. Social contributions can be used as loan collateral (up to 3x their value at preferential rates) and are insured in case of the member's death.
• Beneficio de Dividendos Económicos Anuales Annual economic dividends distributed to members based on their social contributions, providing participation in the cooperative's annual surplus distribution.
• Beneficio de Previsión y Seguridad Social Social welfare benefits including free funeral assistance through the Solidarity Fund, free insurance up to the total contribution and savings value upon member death, and discounted funeral insurance via the San Vicente Funeral Home agreement.
• Beneficio de Educación Education incentives including educational bonds for primary, secondary, and higher education students, foreign language study bonds per approved level, school supplies provision, and permanent training programs for members.
• Fondo de Solidaridad Solidarity Fund receiving 10% of cooperative annual surplus. Funds health assistance (travel, high-cost treatments, consultations, optometry), solidarity aid, domestic calamity donations, nonprofit institution support, environmental programs, and member housing improvement self-help.
• Sucursal Virtual Online banking portal for associated members to update personal data, request certificates, view account statements, simulate credits, download withholding certificates, and manage their products at sucursalvirtual.cooyal.co.

Quantifiable outcome

• Social contributions (aportes) earn annual dividends through a revitalization fund, and members can borrow against their contribution balances at preferential rates (up to 3x the contribution value).
• +1 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration14 records

Feature4 records

Scale indicators2 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Banco Caja Social: Colombian commercial bank with roots in cooperative/social economy principles, serving retail and small-business customers. Comparable in mission of banking underserved populations, though operates as a full national commercial bank with broader product set.
• Banco Agrario de Colombia: State-owned Colombian commercial bank focused on agricultural and rural lending across Colombia. Competes for the same agricultural and rural borrowers Cooperativa De Yarumal serves, but as a much larger nationwide institution with a broader mandate.
• Coopcentral: Second-tier cooperative that provides infrastructure, payments (RedCoop network), and services to affiliated Colombian cooperatives including Cooperativa De Yarumal. Comparable as an industry infrastructure peer rather than direct competitor.

Emerging players

• Nequi (Bancolombia): Colombian digital wallet and neobank from Bancolombia serving millions of underbanked Colombians via mobile. Competes for the same digitally-engaging younger members in Antioquia, though operates as a digital-only consumer payments platform rather than a full-service cooperative.

Others

• Redcoop Central: Cooperative transaction network providing shared payment and banking infrastructure to affiliated Colombian cooperatives. Comparable as ecosystem partner — Cooperativa De Yarumal uses RedCoop for online payments — rather than as a competitor.

Direct peers

• Confiar Cooperativa Financiera: Colombian cooperative financial institution offering savings, credit, and social benefit products to members under Superintendencia de Economía Solidaria supervision. Closely comparable in business model, regulatory framework, and member-owned structure, though larger and focused on Antioquia including Medellín.
• Cooperativa Financiera de Antioquia: Antioquia-based financial cooperative offering member savings, credit, and benefit products under Colombian cooperative law. Highly comparable geographically and in service model, serving individuals and small businesses in similar municipalities.
• Crezcamos Cooperativa: Colombian cooperative providing microcredit, savings, and financial inclusion services to underserved populations. Comparable in mission, member-owned structure, and product portfolio focused on lower-income Colombians.
• Banco W: Colombian cooperative-turned-bank serving lower-income and underserved populations with savings, credit, and microfinance products. Comparable in serving underbanked Colombians with community-oriented financial services, though converted to a specialized commercial bank.
• Cotrafa Cooperativa Financiera: Colombian financial cooperative serving members in the Antioquia region with savings, credit, and social programs. Comparable in cooperative structure, regulatory oversight, and target member base of rural and semi-urban Colombian individuals and small businesses.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/cooperativa-de-yarumal

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 De Yarumal