Financoop is a financial cooperative institution established in 1999. It operates as a second-tier cooperative, providing specialized financial products and services to savings and credit cooperatives, as well as mutual savings institutions. Currently, Financoop has 138 member institutions. The cooperative offers a variety of services to support its members, including electronic check clearing for quick transactions, payment facilitation for the Human Development Bonus, and alimony collection services. Additionally, it provides money transfer services through platforms like Western Union and Ecua Giros, along with online support for member inquiries. Financoop also offers tailored financial products such as savings accounts and lines of credit, designed to meet the specific needs of its member cooperatives and mutuals.