Coopeuch TimeLine

 
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1967

  •  The Cooperative is created within the University of Chile, in the city of Santiago.
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1975

  •  Coopeuch starts being regulated under the Superintendence of Banks and Financial Institutions (SBIF).
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1981

  •  Coopeuch start operating outside the University of Chile due to the decentralization of this house of studies.
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1982

  •  Bank crisis that the Cooperative surpasses without state subsidy and positive results.
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1984

  •  Opening of the first regional office in Concepción.
  •  Begins the process of regional expansion of the Cooperative.
  •  The Central Bank allowed Coopeuch to borrow from third parties up to 1 time its Capital and Reserves.
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1986

  •  The Central Bank authorizes the Cooperative to increase its debt from 1 to 1.25 times the Capital and Reserves.
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1989

  •  The Cooperative reaches 50,000 members.
  •  The Central Bank allows the increase 2 times Capital and Reserves.
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1990

  •  Coopeuch starts granting scholarship for college studies.
  •  Siria Jeldes Chang assumes as the new General Manager.
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1993

  •  Coopeuch starts accepting members from outside of agreements.
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1996

  •  Creation of special loans for health, housing and education.
  •  Coopeuch joins the International Cooperative Alliance (ACI), an organization that brings together the main cooperatives worldwide.
  •  Coopeuch sponsors its first public library and orchestra
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1997

  •  Coopeuch start operating savings accounts.
  •  Coopeuch sponsors its first school.
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1998

  •  The Ministry of Housing and Urban Development allows Coopeuch to operate accounts with a housing subsidy
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2000

  •  The Cooperative is authorized to operate under Basel. It starts the issuance of the Coopeuch MasterCard.
  •  New program of Coopeuch, “Sembrando Cultura”, focused on the dissemination of the national artistic heritage.
  •  Coopeuch reached 200,000 member.
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2001

  •  First time ratings of Feller Rate and Fitch Ratings. Both agencies assigned an "A" for the local credit rating
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2002

  •  The Risk Rating Commission authorizes pension funds to invest in deposits in the sector.
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2003

  •  The new Cooperative Law comes into force, which allows expanding the range of products and services in the sector.
  •  Establishment of the state guarantee for deposits. Launch of the Coopeuch Mortgage Credit product.
  •  Improvement in the local solvency classification from "A" to "A +" by Fitch Ratings and Feller Rate and the first international rating "BBB-" was achieved with Standard & Poor's.
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2004

  •  First institutional bond in the local capital market.
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2005

  •  Massive issuance of dematerialized institutional deposits, a total of Ch $50 bn.
  •  Over 100,000 active savings accounts.
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2006

  •  The Coopeuch Foundation is born, focused on promoting education and culture.
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2007

  •  Improvement in the local rating from "A +" to "AA-" by Fitch Ratings, in addition to the new international rating of "BBB" by the same agency. In the same Standard & Poor's improves the classification of "BBB-" to "BBB".
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2008

  •  400,000th member. 1 out of every 40 persons are members of Coopeuch, this means . 1 out of every 40 Chileans
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2009

  •  Issuance of second institutional bond in the capital market.
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2010

  •  Coopeuch ranks 156th among the largest companies in Chile, with assets that exceed Ch $900 bn, according to the ranking of “América Economía” magazine.
  •  Feller Rate raised local risk rating from "A +" to "AA-"
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2011

  •  Coopeuch exceeds half a million members throughout the country.
  •  Coopeuch is chosen as the most important credit and savings cooperative in Latin America and the Caribbean, according to the German Confederation of Cooperatives (DGRV).
  •  Launch of the Sight Account product.
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2012

  •  Commemoration of the 45th anniversary of Coopeuch.
  •  Celebration of the International Year of Cooperatives, declared by the United Nations.
  •  The Cooperative reaches the second place in savings accounts within the local market share.
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2013

  •  Start-up of a new CORE system, allowing us to grow technologically.
  •  Placement of the third institutional bond in the capital market.
  •  The Coopeuch Foundation has over 3,000 beneficiaries with its educational and social programs throughout the country.
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2014

  •  Placement of the fourth bond of the Cooperative.
  •  Launch of the first Savings Inclination Index.
  •  The Credit Card with Chip is implemented.
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2015

  •  Siria Jeldes Chang is elected as President of Coopeuch and Rodrigo Silva Iñiguez takes over as CEO of the Cooperative.
  •  Placement of fifth institutional bond.
  •  Coopeuch inachives the fourth place in mortgages loans compared to its relevant competition, exceeding Ch $353 bn.
  •  The new Cooperative Law is approved with positive changes for the sector.
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2016

  •  First place on the “ProCalidad” prize in the category of retail banking.
  •  Icare award for the company category.
  •  Tenth anniversary Coopeuch Foundation.
  •  Implementation of a new service model in Coopeuch branches.
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2017

  •  Commemoration of 50 years of institutional life of the cooperative.
  •  Second consecutive year in obtaining the first place in the ProCalidad award.
  •  Implementation of EFT project (Electronic Funds Transfer).
  •  Access to the entire network of ATMs.
  •  Issuance of the first international bond in Switzerland, for an amount of 125 million Swiss francs.
  •  Implementation of a new attention system in 63 branches and opening of a new type of branches inside main agreements.
  •  For the second consecutive year, Coopeuch and its Foundation are recognized by the SBIF due to its education and financial inclusion activities.
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2018

  •  Improvement in the two local ratings by Fitch Ratings and Feller Rate agencies from "AA-" to "AA", as well as in the international ratings from "BBB" to "BBB+" by Fitch Ratings and Standard & Poor's.
  •  Third consecutive year in obtaining the first place in the ProCalidad award.
  •  Successful institutional bond placement in the local market for 1 million UF.
  •  Second issue of an international bond in the Japanese market.
  •  reform of Coopeuch bylaws.
  •  Realization of regional assemblies where 119 delegates were elected by members of each region, with the purpose of increasing representativeness of our members.
  •  8 out of 10 members are satisfied with Coopeuch.
  •  97% of employees are proud to belong to Coopeuch.
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2019

  •  Improvement in Moody's international rating from "Baa2" to "Baa1".
  •  New agreements with pension funds administrators, allowing to apply the payroll discount model to this segment.
  •  First annual assembly of delegates.