Receiving Funds from Coopera Investments
June 21, 2013Hello Everyone
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 CD.
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.........
http://www.cuencareferralnetwork.com/network/receiving-funds-from-coopera-investments/
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