cooperativa de profesores de la universidad de antioquia

What cooperativa de profesores de la universidad de antioquia does

Cooprudea is a Colombian savings and credit cooperative (cooperativa de ahorro y crédito) founded in 1982 and headquartered in Medellín, serving as the financial institution of the academic community of the Universidad de Antioquia and, more broadly, professors, employees, contractors, family members, and graduate students of other Colombian higher education institutions (IES). Its product suite spans three core savings instruments (Ahorro a la Vista, Ahorro Futuro, CDAT), seven credit lines (consumer, housing, vehicle, educational, credit card, revolving Cupo Ágil, and Crediágil), plus a dedicated Línea Verde for environmental projects, with insurance products (debtor life insurance, exequial insurance through Los Olivos) and a solidarity fund providing hardship support. Membership requires ongoing social contributions — COP $76,000 per month for associates over 25 years — and a minimum of COP $1,051,000 in accumulated contributions to unlock credit disbursement, creating a capital base from which lending is extended.

The technology stack centers on the Cooprudea Digital virtual branch (built on WOG Cloud), a mobile application distributed across Google Play, Apple App Store, and Huawei AppGallery, and the Mi Billetera low-value digital wallet (powered by Finware). Members can open accounts, apply for credit, transfer funds, and pay external merchants via PSE through Banco Coopcentral, and execute real-time transfers through the Bre-B instant payment system operated by Banco de la República. Member service is delivered through two on-campus offices (Bloque 22 and SIU), the Librería Universitaria bookstore, the Cabaña La Provincia recreational property, and the bi-weekly Escuela Financiera content program.

The revenue model combines net interest margin on the credit portfolio, social contributions that form the lending capital base, insurance commissions (Los Olivos exequial premiums of COP $34,800–49,800 annually per additional family member), and the spread between savings/CDAT cost of funds and lending rates. Distribution is hybrid: physical on-campus presence plus a full self-service digital channel, with member acquisition driven by a referral program paying COP $30,000 per effective new associate. The cooperative is supervised by Supersolidaria and insured by Fogacoop, and operates its social programs arm through the wholly-owned subsidiary Cooprudea Social.

Name

cooperativa de profesores de la universidad de antioquia

Legal name

COOPERATIVA DE PROFESORES DE LA UNIVERSIDAD DE ANTIOQUIA - COOPRUDEA

Website

https://cooprudea.com

Company type

Private

Founded year

1982

Operating status

Operating

Short description

Cooprudea is a Colombian savings and credit cooperative serving professors, employees, and affiliates of the Universidad de Antioquia and other higher-education institutions, offering savings products, seven credit lines, insurance, digital banking, and solidarity programs under Supersolidaria supervision.

Ownership category

akta.pro rank

Headquarters

HQ city

Medellín

HQ country

Colombia

HQ region

Latin America

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income from Credit Products: Cooprudea earns interest income by extending credit products to its associated members, including consumer loans, housing loans, vehicle loans, educational loans, credit cards, and revolving credit lines (Cupo Ágil, Crediágil). Interest rates charged to members constitute the primary revenue stream for the cooperative.
2. Social Contributions (Aportes Sociales): Members pay monthly social contributions (COP $76,000 for members over 25 years; 10% of one minimum wage annually for dependents under 25). These contributions are returned in full upon disengagement and form the collective capital base from which credit is extended.
3. Insurance and Assistance Products: Cooprudea generates revenue through insurance partnerships including exequial (funeral) insurance with Los Olivos (annual premiums of COP $34,800 for additional family members under 65, and COP $49,200 for those over 65), and debtor life insurance bundled with all credit products.
4. Savings and CDAT Management Fees: Income derived from the management and deployment of member savings deposits and CDAT (term savings) instruments. While no explicit administration fees are charged to members, the spread between cost of funds and lending rates constitutes a revenue source.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels7 records

Core offering

Cooprudea is a member-owned savings and credit cooperative that provides a full suite of financial products to professors, employees, and affiliated personnel of Universidad de Antioquia and other Colombian higher education institutions. Its core offering comprises savings instruments (Ahorro a la Vista, Ahorro Futuro, CDAT), consumer, housing, vehicle, and educational credit products, revolving credit lines, debit/credit cards, debtor life insurance, and exequial (funeral) insurance via Los Olivos. Members also access digital banking via a virtual branch and mobile app, a solidarity assistance fund, and social programs including financial education (Escuela Financiera) and partner discounts.

Product overview

Cooprudea is a cooperative financial institution (Cooperativa de Ahorros y Crédito) that provides a comprehensive suite of savings, credit, and insurance products primarily serving professors and staff of the Universidad de Antioquia and affiliated higher education institutions. The portfolio consists of three main savings products (Ahorro a la Vista, Ahorro Futuro, CDAT), seven credit products (consumer, housing, vehicle, educational, credit card, and revolving lines like Cupo Ágil and Crediágil), plus digital banking through Cooprudea Digital and the mobile App. The institution also operates Cooprudea Social, a social programs division managing bookstore services, partner discounts (convenios), and the financial education school (Escuela Financiera). Insurance offerings include credit life insurance, funeral coverage through Los Olivos partnership, and a solidarity fund for members facing hardship. All services are regulated by Supersolidaria and backed by Fogacoop.

Differentiator

Problem solved

Functional benefit

Products and services

• Ahorro a la Vista (Sight Savings) Immediate-access savings account allowing members to deposit and withdraw funds at any time with no restrictions on transactions. Targeted at associated members of the cooperative.
• Ahorro Futuro (Future Savings) Contractual savings program designed for medium-term financial goals with periodic contributions and defined saving periods. Targeted at associated members building toward a planned financial target.
• CDAT (Certificate of Deposit) Fixed-term deposit certificate offering guaranteed yields paid upon maturity. Targeted at associated members seeking term investment products with predictable returns.
• Tarjeta de Crédito (Credit Card) Credit card with various benefits offered to associated members of the cooperative, including bundled debtor life insurance.
• Crédito de Consumo (Consumer Credit) General-purpose consumer loan for personal expenses at competitive rates, with no credit study fee and bundled debtor life insurance. Targeted at associated members of the cooperative.
• Crédito de Vivienda (Housing Credit) Mortgage and home improvement loan for purchasing or renovating residential property. Targeted at associated members seeking housing financing with bundled debtor life insurance.
• Crédito de Vehículo (Vehicle Credit) Auto financing loan for purchasing new or used vehicles, with bundled debtor life insurance. Targeted at associated members seeking vehicle financing.
• Consumo Educativo (Educational Credit) Education-focused credit for tuition, books, and other academic-related expenses. Targeted at associated members of the cooperative and their families.
• Cupo Ágil (Agile Revolving Credit Line) Revolving credit line accessible through the virtual branch or mobile app, allowing quick access to funds when needed. Targeted at associated members needing rapid digital credit access.
• Crediágil (Rapid Disbursement Credit) Flexible credit product designed for rapid processing and disbursement through digital channels. Targeted at associated members needing fast digital credit.
• Línea Verde (Green Line Eco-Credit) Eco-friendly credit line for environmental sustainability projects and green initiatives. Targeted at associated members pursuing environmentally focused investments or projects.
• Cooprudea Digital (Virtual Branch and Mobile App) Cloud-hosted virtual branch web portal (WOG Cloud) and full-featured mobile banking app providing 24/7 self-service access to account management, fund transfers, credit requests, CDAT opening, and payment services, with OTP-based authentication.
• Mi Billetera (Digital Wallet) Low-amount digital wallet integrated in the Cooprudea App (powered by Finware) that functions as a savings account for paying service agreements like cell phone plans and utilities.
• Bre-B Instant Payments Integration Instant payment system integrated with Banco de la República's Bre-B platform, enabling immediate money transfers between any Colombian financial institution using a registered 'llave' (key) tied to the member's account.
• Seguros (Insurance Products) Collection of insurance products including debtor life insurance (seguro de vida deudores) bundled with all credit products at no additional cost, exequial/funeral insurance through the Los Olivos partnership with national coverage and member discounts, and additional family member coverage at annual premiums of COP $34,800 (under 65) or COP $49,200 (over 65).
• Fondo de Solidaridad (Solidarity Fund) Economic support fund for members facing special situations affecting their health or family assets, covering serious illnesses, catastrophic events, and housing damage. Targeted at associated members in hardship.
• Auxilio Cooperativo por Muerte (Death Benefit) Death benefit providing up to 50% of social contributions balance to designated beneficiaries, with a maximum of COP $10,000,000 and minimum guaranteed of COP $1,000,000. Targeted at beneficiaries of associated cooperative members.
• Cooprudea Social (Social Programs Division) Social programs division offering benefits including the Librería Universitaria (university bookstore with 10% member discount), Convenios (partner discounts), Educación (Escuela Financiera financial education), Cabaña La Provincia recreational facilities, and classifieds/business support for associated members.
• Escuela Financiera (Financial School) Structured financial education program with new chapters published every two weeks, covering budgeting, credit history, cognitive biases, debt capacity, teaching finance to children, and financial planning rituals. Targeted at associated members and the broader university community.
• Librería Universitaria (University Bookstore) Physical bookstore operated by Cooprudea Social on the Universidad de Antioquia campus, offering a 10% discount to associated members. Operating hours: Monday to Friday 9:00 a.m. to 5:00 p.m., Saturday 9:00 a.m. to 1:00 p.m.

Quantifiable outcome

• 42 years of uninterrupted operation serving the university academic community
• +4 more outcomes

Named customers2 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature7 records

Partnerships

Seven partnerships are on record, tiered core.

• Los OlivoscoreStrategic or Co-development PartnerCooprudea has a partnership with Los Olivos, a national funeral services provider, to offer exequial (funeral) insurance to its associated members. Los Olivos provides national coverage through the largest funeral services network in Colombia, offering a 10% discount to Cooprudea members. The exequial insurance covers funeral expenses for the member and their family, with additional family members able to join the plan for an annual premium.
• Banco CoopcentralcoreTechnology or IntegrationCooprudea is integrated with Banco Coopcentral for PSE (Pagos Seguros en Línea / ACH) payment processing. Members can pay external merchants using their Cooprudea account via the PSE platform, with Banco Coopcentral acting as the settlement bank for these transactions.
• WOG CloudcoreTechnology or IntegrationCooprudea Digital, the cooperative's virtual branch web portal, is hosted on WOG Cloud infrastructure. This platform provides the technology backbone for all digital banking services including account management, credit applications, and fund transfers.
• FinwarecoreTechnology or IntegrationFinware provides the technology for Cooprudea's Mi Billetera digital wallet feature within the mobile app. When members register in the app, they are opening an electronic deposit account with Cooprudea (regulated entity), but the digital wallet infrastructure is powered by Finware.
• FogacoopcoreOthersFogacoop (Fondo de Garantías de Entidades Cooperativas) is the cooperative deposit guarantee fund that insures Cooprudea's member deposits. It appears in the website footer alongside ICONTEC certification. This is a regulatory/governance partnership rather than a commercial one.
• SupersolidariacoreOthersSupersolidaria (Superintendencia de la Economía Solidaria) is the government supervisory body that regulates and oversees Cooprudea as a cooperative entity. The cooperative is described as 'Vigilada SUPERSOLIDARIA' on its website.
• Universidad de AntioquiacoreOthersUniversidad de Antioquia is the primary institutional anchor of Cooprudea. The cooperative was founded by and serves the professors and staff of the university. Its headquarters are located in Bloque 22 and SIU on the university campus. Many members are current, former, or retired university employees. The university is the source of the cooperative's member base and physical presence.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Banco Coopcentral: Banco Coopcentral is a Colombian cooperative bank offering deposits, credit, and payment services. It is a close operating comparator and already serves as Cooprudea's PSE settlement partner.
• Bancomeva: Bancomeva is a Colombian member-oriented financial institution with savings, credit, card, and insurance offerings. Its cooperative heritage and broad product suite closely parallel Cooprudea's member-value model.
• CFA Cooperativa Financiera: CFA is a Colombian financial cooperative providing savings, credit, and related payment services. It is directly comparable in regulated deposit-taking, member lending, and local relationship banking.
• Fincomercio: Fincomercio is a Colombian savings-and-credit cooperative serving consumers and affiliated member groups. Its combination of deposits, lending, payments, and insurance overlaps materially with Cooprudea's core offering.
• Grupo EMI: Grupo EMI is a Colombian cooperative financial platform offering payment, collection, and credit services with an employee and institutional affiliation focus. It is relevant for its community distribution and combination of digital payments with member credit.

Broad incumbents

• Bancamía: Bancamía is a Colombian financial-inclusion bank offering savings products, credit, and services to individuals and microenterprises. It compares through its Colombian deposit-and-lending model, although its target market is broader than Cooprudea's university community.
• Bancolombia: Bancolombia is a large Colombian universal bank with deposits, credit cards, consumer and mortgage lending, payments, and digital banking. It competes with Cooprudea for member relationships but serves a much broader customer base.
• Davivienda: Davivienda is a major Colombian universal bank spanning deposits, credit cards, mortgages, consumer lending, and digital payments. Its product breadth makes it a broad incumbent competitor for Cooprudea's savings and lending activities.

Emerging players

• Nu Colombia: Nu Colombia is a digital consumer-financial platform offering a savings account, credit card, and app-based financial management. It overlaps with Cooprudea's consumer credit and digital self-service proposition, but lacks the cooperative and university-anchor model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Cooprudea

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles18 records

Subsidiaries2 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 de profesores de la universidad de antioquia