Company Information

Get to know Coopmedica

Founded in 1964 in Santiago de los Caballeros, Coopmedica (Cooperativa Médica de Santiago) is a financial cooperative established by a group of doctors. Its mission is to promote the economic, social, and cultural well-being of its members, who are predominantly from the health sector and their families. The cooperative provides a range of financial products and services, including savings accounts, various types of loans (personal, vehicle, mortgage), certificates of deposit, and other member benefits, operating under the principles of mutual aid and cooperation.

Industry

Financial BankingPRIMARY
Financial Other Service

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Coopmedica

Dominican Republic

Founded in

1964 (62 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

IUX

(2,283 reviews)

Mauritius

2015

(10 years)

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ASIC

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Warning

This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.