CREA Depositors Are Asking Cuenca’s Acting Mayor for an Urgent Meeting

People affected by the closure of Cooperativa CREA Ltda. are asking Cuenca's acting mayor for an urgent meeting.

The request was sent to Marisol Penaloza, the acting mayor of Cuenca. The affected group says it wants to explain its situation, present proposals and ask for support.

Why They Are Asking Now

CREA Ltda. entered liquidation after intervention by financial-system control bodies, following problems with solvency and meeting obligations.

In their letter, representatives say they have been accompanying affected families, including families with children, older adults, people with disabilities and migrants who trusted their savings to the cooperative.

They argue that each case represents personal work and effort, and that the response should look beyond technical criteria for possible assistance mechanisms.

The group also says some cases have been handled through risk-management processes, but that not all families may meet the requirements to access those support mechanisms.

July 1 Is the Date to Watch

The request emphasizes urgency because of deadlines tied to COSEDE, Ecuador's deposit-insurance and liquidity-fund corporation.

The article says COSEDE-related processes would begin from July 1, 2026.

What This Means for Expats

If you bank with a cooperative in Ecuador, this story is a reminder to understand where your money is, what institution supervises it and what deposit-protection rules apply.

For people directly affected by CREA, the immediate issue is whether the acting mayor's office will meet with the group and whether any local support path emerges before the July 1 process window begins.