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COFAC

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AcronymDefinition
COFACCooperativa Nacional de Ahorro y Credito (Spanish)


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In 2002, FUCAC transferred 70% of its assets and liabilities to another Uruguayan credit cooperative, COFAC.
COFAC was the largest credit-cooperative in Uruguay, focused principally on families and small- and medium-sized businesses, with asset and deposit market shares of around 1.
In 2002, FUCAC signed a contract with another Uruguayan credit cooperative, COFAC, whereby the latter transferred 70% of its assets and liabilities to COFAC.
 
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