Credit and consumer cooperatives: feedback from depositors, list, description of services

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

Credit-consumer cooperatives - an alternative to banks and microloans. CCP has been on the Russian financial market for more than 15 years, but citizens are wary of their activities. Distrust is associated with insufficient knowledge about the activities of cooperatives and negative feedback from deceived investors. Not all CPCs are bona fide creditors. Some of the cooperatives are modern financial pyramids that are dangerous for potential investors. Reviews of credit and consumer cooperatives, which are popular with Russians, will allow new customers to learn about the activities of the CPC, the advantages and disadvantages of credit cooperation in the Russian Federation.

PDA "Flagship"

Credit and consumer cooperative "Flagman" provides services to residents of the following areas:

• Voronezh;
• Samarskaya;
• Saratovskaya;
• Volgograd;
• Rostovskaya;
• Lipetsk.

The basis of the cooperative's activity is the opening of deposits and the issuance of loans. The table below shows the deposits of KPK "Flagship".

Deposit name	Minimum deposit amount, thous. rubles	Maximum term funds storage, years	Percentage rate, % per annum
"Use"	10	3	12, 5
"Multiply"	10	3	12, 5
"Drive"	10	3	5, 0
"Comfortable"	10	3	11, 0

According to reviews of the credit consumer cooperative "Flagman", capitalization is not provided for in all deposits. Accrual of interest on tariffs "Use" and "Manage" is provided only at the end of the term, without capitalization. For the "Comfortable" deposit, capitalization is set at the request of the shareholder.

A loan in the CPC "Flagman" is provided exclusively to shareholders. To do this, the client must join the CPC by paying 150 rubles (in total) towards the entrance and membership fees.

Loans are issued to shareholders-citizens of the Russian Federation aged 21 and over. A prerequisite is the presence of work experience for a period of 2months.

According to reviews, the credit consumer cooperative "Flagman" has very high interest rates on loans. KPC offers clients to receive borrowed funds at 41% per annum. Loan terms are standard: from 3 months to 2 years. Clients are dissatisfied with such percentages, despite the large amounts to be issued. In CPC, borrowers can receive from 500 thousand rubles to 15 million.

The application is considered within 2 days. When collateral is provided, the loan is issued within 1 hour. Not only the property of the shareholder, but also liquid property can act as a pledge. For the convenience of shareholders, the site has an online calculator that allows you to calculate loan conditions.

PDA "Maximum"

KPK operates on the territory of Moscow and the Moscow region. Activities related to the provision of loans and deposit operations. The main focus of the company is on opening deposits: CPC "Maximum" provides for 4 types of deposits.

Types of CCC "Maximum" deposits are presented in the table below.

Deposit name	Minimum deposit amount, thous. rubles	Maximum shelf life funds, years	Interest rate, % APR
"Stable"	10	3	12, 5-13, 95
"Record"	10	3	12, 5-13, 95
"Available"	10	3	5, 0
"Beforedemand"	10	3	11, 0-12, 5

When placing funds on a deposit, the client automatically becomes a shareholder of the CPC "Maximum". When concluding an agreement with you, you should take your passport and SNILS.

Reviews of the credit consumer cooperative "Maximum" say that the conclusion of the contract allows shareholders to receive a free grocery basket every month as part of a social program for CPC members. Shareholders can also count on advice on civil law issues from the partner firm's lawyers. The service is provided once a month.

Loans, according to reviews of the credit consumer cooperative "Maximum", are issued not only to members of the CCP. Shareholders, individuals and organizations have access to loans ranging from 500,000 to 10 million rubles.

The interest rate is fixed at 41% per annum. Customers can take money in cash or by bank transfer. Repayment is carried out at the offices of the CPC or by bank transfer (non-cash). Early repayment is carried out only in the branches of the CPC "Maximum".

Loan funds are issued against security, which can be a car, an apartment or a private house, as well as the property of an organization (for legal entities). Consideration of the application takes up to two business days. The borrower must have a passport, SNILS, TIN and documents on collateral with him.

KPK "Kapital Invest"

Activity"Capital Invest" raises doubts among many investors, as there are negative reviews on the Web from deceived citizens. Some of the shareholders were forced to go to court, as KPK "Kapital Invest" refused to pay deposits after the expiration of the contract.

Reviews of the credit consumer cooperative "Capital Invest" indicate that the company was previously called "Sberkassa 24". Later, CCP offices were closed and hundreds of depositors were left without funds.

Earlier, the offices of the cooperative were located only in Ryazan, and after the bankruptcy, the Russians did not receive the deposited 20 million rubles at the promised 7-14% per annum (in 2010, banks offered no more than 10% per annum).

Currently CPC "Capital Invest" continues to attract clients to invest at interest. The Company guarantees that the clients' savings are insured by the Central Insurance Company LLC. But many Russians are aware that the guarantee of a refund in the event of an insured event is only the entry of a financial organization into the system of the Deposit Insurance Agency, a state-owned company. All large banks of the Russian Federation are members of the deposit insurance system, which protects the savings of depositors in the amount of 1.4 million rubles (per 1 insurance participant).

KPK "Capital Invest" offers to invest at 8.00-13.05% per annum for up to two years. In case of early termination, the demand rate will be 6.00% per annum, while banks, when closing deposits, accrue only0.01% per annum. Such conditions alarm many depositors who do not want to lose their accumulated funds, chasing high interest rates.

The deposited funds will be used to issue loans to CCP members. Loans are issued for amounts from 100 thousand rubles to 50 million. Both individuals and individual entrepreneurs and organizations can become a borrower. It is possible to apply for a loan online or at the office of CPC "Capital Invest".

Zenith

The conditions of the CPC "Zenith" are very reminiscent of the proposals of the cooperatives "Flagman" and "Maximum". Even the conditions for loans, deposits and the design of the official website coincide. This arouses suspicion among responsible citizens who do not want to be deceived by an unscrupulous organization.

Conditions of deposits in CPC "Zenith" are as follows.

Deposit name	Minimum deposit amount, thous. rubles	Maximum term funds storage, years	Percentage rate, % per annum
"Profitable"	10	3	12, 5
"Cumulative"	10	3	12, 5
"On demand"	10	3	5, 0
"Comfortable"	10	3	11, 0

They fully coincide with the offers for deposits of the Flagman CPC, so some clients think that they are in charge of companiesstands for the same face. At the same time, the regions in which the CPC offices are located differ. According to the depositors of the credit consumer cooperative "Zenith", the company offers services in the Novosibirsk, Kemerovo, Tomsk and Omsk regions and Altai Territory.

Loan conditions are also reminiscent of lending in "Flagship". "Zenith" offers a "Trust" loan to shareholders at 30-41% per annum. Loan amounts vary from 500 thousand rubles to 15 million. Loans are issued to individuals and legal entities after becoming a member.

The shareholder's collateral acts as collateral. When registering, a TIN, SNILS, a passport and a document confirming the rights to the pledged object are required.

According to reviews, the credit consumer cooperative "Zenith" pays deposits, but not always on time. For example, in Omsk, residents are afraid to invest cash, as they have already experienced the sad experience of the Golden Fund CCP. The cooperative has stopped accruing interest and paying out on deposits, and for more than two years, depositors have not been able to receive their money even if the contract is terminated early. Many argue that Zenit appeared immediately after the disappearance of the Golden Fund from the market and associate this with the reorganization of the CPC into another financial pyramid with a new name.

Promotion

The difference between the CPC "Assistance" from other credit and production cooperatives is the possibility of issuingloan under maternity capital. This allows families with children to receive maternity capital funds faster and spend them on other purposes not provided for by the state program.

According to reviews of the credit consumer cooperative "Support", the transaction is official if the Pension Fund of Russia allows you to receive maternity capital to repay the loan in the CPC after the conclusion of the contract.

Loan amount varies from 150 to 600 thousand rubles. Issuance under the capital is carried out at 25% per annum. In case of early repayment, the minimum amount that the borrower is obliged to pay for issuing a loan is 40 thousand rubles.

Reviews on the consumer credit cooperative "Assistance", unlike previous CPCs, are positive. Organization on the market since 2005, activity is controlled by the Central Bank of Russia. Borrowers trust the lender. There is no information about the delay in the payment of interest or the closing of deposits.

Commonwe alth PDA

Credit and consumer cooperative "Sodruzhestvo" began its activity in 2015. At that time, only 7 people were shareholders, who founded the financial organization. According to the results of 2017, the total number of shareholders increased to 550 people.

The basis of activity is the registration of term deposits and the issuance of loans to individuals and legal entities. The main office is located in Belgorod. Additional units are located in Gubkin and Stary Oskol.

There are many reviews on the net from depositors who have encountered problems with the payment of deposits. Financial problems began with the organization in November 2018. According to reviews, the Sodruzhestvo credit and consumer cooperative did not pay a single deposit to shareholders in 2019. Therefore, clients who have previously invested in the company do not recommend that Russians become shareholders of the CCP.

First

You can often find negative reviews about this PDA on the net. And more than 98% of them are from deceived investors. Not the most positive feedback about the consumer credit cooperative "First".

PDA on the Russian market since 2009. During this time, it has become a well-known organization dealing with the processing of deposits and loans, outside of banking. He is a member of the Union for Insurance of Shareholders of Russia, which includes 99 more CCCs.

Despite long-term activity, prospects and fame, CCP "First" has serious financial difficulties. Shareholders of the cities of Lesnoy and Nizhnyaya Tura indicated this in their reviews of the consumer credit cooperative. When trying to withdraw funds from their accounts, clients were refused, and the Personal Account stopped working in 2018. Offices in the cities are closed, and customers are waiting for their money to be returned by court order.

Negative feedback was also from customers who signed a loan agreement. In their opinion, "First" charges high interest in the event ofpen alties, therefore, if it is impossible to repay the loan on time, shareholders may find themselves in an unpleasant financial situation.

After 20 days of delay, CPC specialists can transfer the debt to a collection agency, which in a strict form requires a refund. To avoid this, it is not recommended to apply for quick loans in the "First" CPC without confidence in the return of funds within the specified time frame.

Yugra

KPK "Yugra" works only in the city of Surgut, so there is practically no information from customers on the Web. The offers of the credit cooperative resemble the deposits and loans of Flagman, which most likely indicates similar activities of organizations.

High interest rates on loans are not attractive to city dwellers, but profitable deposits have allowed the CCP to become a successful financial institution. Reviews about the credit consumer cooperative "Ugra" can leave only residents of the city. In other regions, the offices of this CCP do not work.

To apply for a loan, available only to shareholders, you need to contact the Yugra office. Online application for loan funds is not provided.

According to the information on the official website, CCP funds are insured by the "Interregional Mutual Insurance Society". This guarantees depositors a payout in case of financial problems.

CPC "People's Capital"

The cooperative has been operating in the financial market of the Russian Federation since 2012. The advantage of the organization is membership in the SRO "Interregional Union of Credit Cooperatives" No. 271from 29.12.2017. Membership in the union guarantees that the CCP is responsible for its duties. This is confirmed by regular contributions to the reserve fund, from which funds are paid to depositors in the event of the organization's closure.

Offices of CPC "People's Capital" are located in 15 cities of the Russian Federation. The presence of a large number of branches confirms the popularity of the CCP and the trust of customers.

According to reviews, in the credit consumer cooperative "People's Capital" only shareholders can get a loan. They must pay 200 rubles as compulsory contributions. Interest on loans varies from 29% to 33% per annum. Shareholders can apply for a microloan at a rate of 0.5% per day.

On deposits you can get up to 13.0% per annum. To open an account, it is enough to deposit 10 thousand rubles.

Reviews of the credit consumer cooperative in the network are positive. But some shareholders complain about high interest rates on loans. For CCPs, high interest rates on loans provided are the norm, as they are offset by attractive deposit offers.

Savings

In Orenburg, Orsk and Chelyabinsk there are branches of the CPC "Savings". There is little information about the activities of the CCP on the Web, but most of the reviews are negative. Not only former shareholders, but also employees give a negative assessment of the activity.

Based on reviews of the credit consumer cooperative "Savings" it can be judged thatThe company is another financial pyramid. Offered interest on deposits over 13.0% per annum can be afforded by less than 10% of financial institutions.

Doubt is also caused by too low interest rates on loans. At a minimum, KPC offers loans to customers from 2.8% per month, but there is no information on how the interest rate for shareholders is calculated. The disadvantage, according to borrowers, is the mandatory collateral burden when applying for loans.

When trusting their finances to the CCP or borrowing money from them, Russians should not forget about possible difficulties. After studying the activities of the company, reading the reviews, you can protect yourself from financial risks when concluding an agreement in a credit production cooperative.