COPAC

What COPAC does

COPAC is a Uruguayan cooperative financial institution founded in 1984, operating as a credit union-style member organization (caja de ahorro y crédito) headquartered at Av. 18 de Julio 1229 in Montevideo. With 17 employees, it serves individual members and their families — spouses and children under 21 — through a single social membership fee that unlocks a bundled suite of benefits including personal loans, the COPAC-Cabal credit card, health coverage (COPAC SALUD plus mental health support), life/accident/funeral insurance, student scholarships, and a discount network of 100+ affiliated merchants.

The product portfolio is anchored by two credit lines: promotional salary-retention loans (Préstamos con Retención de Haberes) at 25-32% TEA, and general-purpose loans (Préstamos Generales) at 63.50-128.50% TEA, with loan amounts ranging from $U 1,000 to $U 90,000 and terms up to 36 months. Underlying technology consists of the Mi COPAC e-banking platform accessible via web (ebanking.copac.com.uy) and mobile apps on Google Play and Apple Store, with no proprietary AI, ML, or advanced technology disclosed. Service is delivered through a nationwide physical branch network (Casa Central, Shopping Costa Urbana, Las Piedras Shopping, plus interior sucursales), a toll-free 0800 line, and WhatsApp support available seven days a week.

Revenue mechanics combine recurring social membership fees (subscription model) with interest spread on the loan portfolio (transaction model). Customer acquisition is driven by membership enrollment (asociarse) and employer salary-retention partnerships that enable the preferential lending rate. A digital affiliation process launched in May 2020 allows remote onboarding. As a cooperative, COPAC is member-owned with no external controlling investor, parent company, or institutional backing disclosed; no funding rounds, M&A, or financial performance figures have been disclosed in the source material.

Name

COPAC

Legal name

COPAC

Website

https://copac.com.uy

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

COPAC is a Uruguayan cooperative founded in 1984 that serves individual members and families with bundled financial and lifestyle benefits — including loans, the COPAC-Cabal credit card, health coverage, insurance, scholarships, and merchant discounts — distributed through a nationwide branch network and digital channels.

Ownership category

akta.pro rank

Product category

Cooperative Banking Services

NAICS

Credit Unions (52213), Consumer Lending (522291)

SIC

Personal Credit Institutions (6141)

akta.pro industry

PRIMARYFSABAEAA

Community Credit Unions (Retail/Consumer Focus)

Financial & Insurance/Banking (Commerical, Retail & Consumer)/Community & Cooperative Banking (Credit Unions, Mutuals)

SECONDARYFSAKAAAL

Bank & Credit Union Personal Loans (Unsecured Installment)

Financial & Insurance/Lending & Consumer Finance/Personal Loans (Unsecured Installment)

Keywords

• Cooperative banking services
• Consumer credit loans
• Member financial services
• Credit union benefits
• Personal loan products

Headquarters

HQ city

Montevideo

HQ country

Uruguay

HQ region

Latin America

Offices4 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Social Membership Fees (Cuota Social): Members pay a social membership fee to access all COPAC services including credit, insurance, health benefits, discounts, and educational programs.
2. Loan/Credit Services: COPAC provides personal loans with interest rates ranging from 25% TEA to 128.50% TEA depending on loan amount, term, and whether salary deduction is available. Interest rates vary: promotional rates for loans with salary retention (retención de haberes) from 25-32% TEA, and higher rates without salary deduction (63.50-128.50% TEA).

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

COPAC is a Uruguayan cooperative (caja de ahorro y crédito) that provides integrated financial and benefits services to its members. Core offerings include personal loans (both salary-retention and general-purpose lines), the COPAC-Cabal credit card, the Mi COPAC e-banking platform and mobile app, bundled insurance (accident, life covering credit balances, nationwide funeral coverage), the COPAC SALUD health program with mental health support, educational scholarships, legal advisory services, and access to a 100+ merchant discount network, with family coverage included under a single cuota social.

Product overview

COPAC is a Uruguayan cooperative financial institution (caja de ahorro y crédito) offering credit union-style services to its members. The product portfolio is organized around a core banking platform (Mi COPAC e-banking and mobile app) that distributes credit products (promotional loans with salary retention, general-purpose loans), the COPAC-Cabal credit card issued through Cabal Uruguay, and a suite of member benefits including health services (COPAC SALUD, mental health support), savings and purchase clubs with affiliated merchants, student scholarships, and bundled insurance coverages. Services are delivered through physical branches, the online banking portal, and a mobile application.

Differentiator

Problem solved

Functional benefit

Brands

• COPAC-Cabal: Credit card issued in partnership with Cabal
• COPAC Salud

Products and services

• Mi COPAC (E-banking platform and mobile app) COPAC's primary e-banking platform providing members with online access to account management, loan applications, and digital enrollment. Available as both a web portal (ebanking.copac.com.uy) and mobile app on Google Play Store and Apple Store.
• COPAC-Cabal Credit Card A credit card offered in partnership with Cabal Uruguay (Cabal is a Uruguayan credit card network), provided free of charge during the first year of use for eligible members.
• Préstamos con Retención de Haberes (Salary-deduction loans) Promotional personal loans with salary deduction repayment, available to members whose employers have retention agreements (retención de haberes) with COPAC. Maximum rates of 27–32% TEA depending on amount and term; terms up to 36 months; example: $10,000 loan at 12 months at 32.00% TEA = $12,300 total payment.
• Préstamos Generales (General-purpose loans) General-purpose personal loans without salary retention, available to members and non-members alike. Interest rates range from 63.50% to 128.50% TEA depending on amount and term, with terms from 1 to 15 months; example: $10,000 at 128.50% TEA = $17,857 total payment.
• Afiliación Digital (Digital Membership Enrollment) Remote membership enrollment process allowing new members to join COPAC fully online via the e-banking platform (ebanking.copac.com.uy), without needing to visit a physical branch.
• COPAC SALUD (Supplementary Health Program) Supplementary health benefit program offering members access to medical coverage, wellness services, mental health support, and dedicated companions at sanitariums. Regulated by Bases y condiciones Beneficio Copac Salud and Reglamento Fondo Especial de Salud (January 2026).
• Club de Ahorro y Club de Compras (Savings and Purchases Club) A benefits program providing members access to a network of 100+ affiliated commerce partners offering special discounts, along with a savings club catalogue of products and services.
• Becas Estudiantiles (Student Scholarships) Scholarship program providing economic support to tertiary-level student members, with an annual application cycle and beneficiary announcement published each May (Reglamento de Becas Estudiantes 2026).
• Seguros y Coberturas (Insurance and Coverages) A bundled insurance package including accident insurance, life insurance covering outstanding credit balances, and nationwide funeral coverage for members and their families.

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Partnerships

One partnership is on record.

• COPAC-CabalcoreTechnology or IntegrationCredit card partnership providing COPAC-Cabal credit cards to members with first year free of charge. Cabal is a Uruguayan credit card network.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Banco República (BROU): Uruguay's state-owned commercial bank; competes with COPAC for consumer credit and deposits at a national scale, representing the dominant incumbent against which COPAC's niche offering is differentiated.
• Scotiabank Uruguay: International commercial bank with full Uruguay presence; comparable in consumer lending and credit-card offerings, providing a benchmark for COPAC's rate card and product competitiveness.
• Itaú Uruguay: Major private commercial bank in Uruguay offering consumer loans, credit cards, and insurance; competes for the same worker segment as COPAC but with broader scale and lower-cost funding.

Direct peers

• FUCEREP: Uruguayan cooperative financial institution providing consumer credit and member services, sharing COPAC's cooperative structure, salary-retention lending model, and Uruguayan worker target segment.
• AUC (Asociación Uruguaya de Cooperativas) member institutions: Network of Uruguayan cooperatives operating in financial services and consumer credit; comparable operating model, regulatory environment, and member-based structure.
• COFAC: Uruguayan cooperative offering savings, credit, and member benefits to Uruguayan workers; directly comparable in structure, target member base, and bundled benefits model to COPAC.

Regional players

• Cabal Uruguay: Uruguayan credit-card network and financial services provider; serves overlapping customers in Uruguay and is COPAC's card-issuance partner, making its product scope and distribution directly comparable.

Emerging players

• OCA (Blanco Servicios Financieros): Uruguayan fintech-adjacent consumer finance and payment provider; emerging player competing for the same underbanked worker segment with digital-first delivery, posing a structural threat to COPAC's traditional model.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/copac-uy

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 COPAC