LABORAL KUTXA (CAJA LABORAL POPULAR COOP.DE CREDITO)

LABORAL Kutxa (Caja Laboral Popular Cooperativa de Crédito) is a Spanish cooperative credit institution founded in 1959 in Mondragón and integrated within the Mondragon cooperative group; it adopted its current brand after merging with Ipar Kutxa in 2012–2013. It operates a retail and SME banking model with a branch network concentrated in northern Spain and additional offices in other regions, supported by online and mobile channels. The bank offers current and savings accounts, term deposits, domestic and international payments (including SEPA transfers and direct debits), debit and credit cards, consumer loans, mortgages tied to variable or fixed rates, and business services such as accounts, financing, POS/acquiring, and basic trade-related operations; it also distributes investment and insurance products through regulated entities and bancassurance arrangements. As a cooperative, ownership is held by worker-members and governance follows cooperative principles with member participation, while day-to-day management is carried out by professional executives. LABORAL Kutxa is a credit institution authorized in Spain and subject to prudential and conduct supervision by Banco de España within the euro area Single Supervisory Mechanism framework, and customer deposits are covered up to €100,000 per depositor and institution under Spain’s Deposit Guarantee Fund for Credit Institutions, in line with EU rules. Digital services comply with PSD2 strong customer authentication requirements and support standard security features such as two-factor authentication and biometric access where available. Fees, interest rates, and eligibility conditions are published in official tariff schedules and pre-contractual documents, can vary by customer profile and region, and are subject to credit assessment and applicable Spanish and EU regulations.