The Crédit Coopératif Group aims to finance ‘social economy’ organisations – non-profit associations, mutual and cooperative companies – by providing a range of general banking services as well as customised products according to the customers’ needs.
As a cooperative bank, Crédit Coopératif’s capital is held by its customers, which take part in the bank’s activity and strategy.
The origins of Crédit Coopératif go back to the late 19th century – Crédit Coopératif celebrates its 120-year anniversary in 2013 – when a group of co-operators decided to set up their own bank. Since then, it has regularly developed its activities, customer base and network while remaining true to its vocation as a cooperative for legal entities that’s accessible to individual clients. It is a banker for the Social Economy: co-operatives, mutual organisations, small businesses, trade associations and work committees, public interest organisations and socially-responsible companies in social housing, healthcare, care and services for vulnerable people, environment, culture, education and research, microfinance institutions, among others. It is also a pioneer of solidarity-based finance.
The Crédit Coopératif Group has developed through external acquisitions between 1994 and 1998. In 2003, Crédit Coopératif joined the banking group ‘Groupe Banque Populaire’, with an agreement that guarantees its management independence, its identity and its brand. This agreement has been transferred to ‘BPCE’ (the merged group of Groupe Banque Populaire and Groupe Caisse d’Epargne): Within the terms of the French ‘Monetary and Financial Code’, BPCE is Crédit Coopératif’s central body. As such, it ensures its liquidity and solvency, and Crédit Coopératif also shares its rating.
Crédit Coopératif provides general banking services to its customers through a network of 72 branches. Products and services include: accounts, methods of payment, cash-flow management, processing of international transactions, insurance, savings and investments. Wherever possible, its products include a socially responsible version. These socially responsible products aim to facilitate access to credit and finance to private individuals, SMEs and social economy organisations: non-profit organisations, mutual and cooperative companies. Crédit Coopératif provides transparent information about the way money is collected and used within the bank.