SEPS Disputes The Delay Around Incoop’s Forced Liquidation
Finance

SEPS Disputes The Delay Around Incoop’s Forced Liquidation

Chip MorenoChip Moreno||Source: Primicias

Regulator challenges the delay

The Superintendency of Popular and Solidarity Economy, SEPS, issued a position on the forced liquidation process affecting the cooperative Incoop.

The regulator said repeated legal actions by former directors do not restore the cooperative's operations. Instead, SEPS said they delay the ordered return of members' savings.

SEPS said the liquidation responds to technical criteria after the former administration substantially failed an Intensive Supervision Program. It also emphasized that a provisional precautionary measure suspending the forced liquidation is not a ruling on the merits of the case.

The supervisory record

The regulator said the liquidation decision was ratified administratively through a resolution dated April 10, 2026, after an appeal by the former administration was rejected.

SEPS also said the directors failed to comply with three of the 41 strategies in the Intensive Supervision Plan. The statement does not establish how much each member will recover or when an individual payment will occur.

Next dated checkpoint

Incoop has called a members' assembly for Tuesday, August 4, 2026, to provide details about the cooperative's financial situation.

For financial-sector readers, the case is a reminder that a cooperative's legal status and a member's practical recovery timeline can move at different speeds. A court measure can affect the process without resolving the underlying financial question.

The immediate watch items are the assembly's disclosures, any further court action, and whether the regulator or liquidator publishes a quantified recovery and payment schedule.

Source

Primicias — "Liquidación cooperativa Incoop | Superintendencia cuestiona que recursos judiciales dilatan la devolución de ahorros de socios"

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IncoopSEPScooperativessavings
Companies: Incoop, SEPS
Regions: Ecuador
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