Requirements to be a member of the CPM
To be a member of Caja Popular Mexicana you must meet these requirements:
- Being over 18 years of age or being legally emancipated (in case of being a minor, married, a marriage certificate is required).
- Possess a spirit of work and honesty and be in full enjoyment of your civil rights.
- Have your domicile or ordinary source of income within the territory where a branch of our cooperative operates.
- Personally process your income at any of our branches.
If you meet the requirements, you must go to one of the CPM branches, fill out the application and comply with your social contribution, which has a current value of 750 pesos.
Pay 30 pesos for the membership credential and bring the documentation:
- Copy of proof of address and original for comparison (submit when the address does not match the official identification or does not contain it).
- Copy of valid and original official identification for comparison.
- CURP (present when it does not appear on the official identification).
Note that you will also be asked to install a CPM app on your phone, so have a valid email ready. In addition, they will request the data of your beneficiaries.
Investment Options.
income
It is a fixed term investment instrument with an initial amount of 2,000 pesos at 30, 60, 90, 180, 360, 720 and 1080 days.
The yield rates they offer range from 6.76% to 11.53% depending on the term and the amount chosen. You should also know that these rates are before taxes.
Before deciding on this alternative, it is very important that you ask about the costs and commissions they have, as well as the instructions so that you can withdraw your money.
my piggy bank
It is a savings account in which through a plan you can agree to make small deposits to achieve your goals.
CPM indicates on its website that the interest calculation will be carried out daily. The interest rate is fixed and this product does not apply commissions.
The minimum term for contracting this product is 6 months and a maximum of 3 years.
My piggy bank jr.
It is an account for minors that does not have an opening commission and that at the end of the pre-established term, the total amount of capital and interest will be transferred to the “Cuentamiga” to make the withdrawal of resources.
The terms of this alternative range from 180 to 1080 days.
mexican account
This alternative allows you to obtain a loan, since your balance remains as collateral. The increase in your account will allow you to access more accessible credits and terms.
This product does not apply commissions and does not require a minimum opening amount, says the CPM site. The interest rate is fixed before taxes.
Before deciding on this alternative, it is very important that you ask about the costs and commissions they have, as well as the instructions so that you can withdraw your money.
Servant
It is a deposit of money at sight that allows access to your resources immediately: you can make deposits and withdrawals without restriction, without charging commissions for average balance, withdrawals or deposits.
It can be opened with 150 pesos and the interest payment is monthly.
buddy
Designed for children under the age of 18 who want to start the habit of saving. The opening amount is 20 pesos and the variable annual interest rate before taxes.
Locate the nearest CPM branch
To open any account it is important that you go to a CPM branch to receive more detailed and up-to-date information or answer any questions. Here you can check which branch is closest to you.