By Brian and Aaron - The Cuenca Referral Network.
Aaron and I went and met with the Superentendencia de Economia
Popular Y Solidaria this morning to get some information directly from
them regarding how funds for individuals with accounts with Coopera
would receive their money.
First, if you have a CD, those are being purchased by other
Cooperativas and will go for the remainder of their term. For example,
if you have a 1 year CD which matures in Nov of 2013, your CD will still
mature in Nov of 2013 with a different Cooperativa. You would then be
able to collect your money should you decide not to invest in another
If you have a CD that has already matured or matures the end of this
month, you will be able to receive funds the beginning of July.
99% of all accounts will be paid out the beginning of July through other Cooperativas.
The 29th – 30th of June, you can go to www.seps.gob.ec and using your account number and cedula or passport, you can see where to go to collect your money.
For the 1% that has larger deposits, you will also be able to receive
some of your money in July, however the initial maximum for withdrawal
is not yet set. The numbers $30,000 – $50,000 were discussed but as of
yet the amount is not set in stone. In theory (but certainly not
confirmed) you would be able to come periodically and receive the rest
of your money in $30,000 – $50,000 increments.
For example, if you have in your account 100k, you might get 30k in July, 30k in Aug, 30k in Sept, and 10k in Oct.........