Notice revoking authorization to operate as a credit union granted to Union de Credito Agricola de Corerepe, S.A. de C.V.

DOF: 21/03/2025

OFFICE through which the authorization to continue operating as a credit union granted to Union de Credito Agricola de Corerepe, S.A. de C.V. is revoked.

A seal with the National Coat of Arms appears on the margin, which reads: United Mexican States.- Treasury.- Ministry of

Treasury and Public Credit.- National Banking and Securities Commission.- Legal Vice Presidency.- General Litigation Directorate.- Office: P040/2025.- File: CNBV.2C.5. Revocation, 212, " 12/07/2024- 12/07/2024 " , REV/471/EF/01

SUBJECT: REVOCATION OF AUTHORIZATION TO CONTINUE OPERATING

AS A CREDIT UNION.

UNION DE CREDITO AGRICOLA DE COREREPE, S.A. DE C.V.

Zaragoza Number 1555, North,

Office 1, Las Fuentes Neighborhood, Postal Code 81223, Los Mochis, Sinaloa.

[ ... ]

This National Banking and Securities Commission, based on the provisions of articles 97

fraction VIII, 99 and 100 of the Credit Unions Law (hereinafter LUC), 2 first paragraph; 4, fractions I, XI

and XXXVIII, 5, 12 fractions V and XV and 16, fractions VI and XVII of the Law of the National Banking and

Securities Commission (hereinafter LCNBV), in its capacity as a Decentralized Body of the Ministry of Treasury and

Public Credit, has the objective of supervising and regulating within the scope of its competence the entities

that are part of the Mexican financial system, in order to ensure their stability and proper functioning, as well

as to maintain and foster the healthy and balanced development of said system as a whole, in protection of

the interests of the public, authorize the constitution and operation of those entities that the laws indicate, and,

if applicable, agree to the revocation of said authorizations.

In order to comply with said legal provisions, this resolution of

revocation of the authorization to continue operating as a Credit Union is issued, which at the time was

granted to the company known as UNION DE CREDITO AGRICOLA DE COREREPE, S.A. DE C.V. ,

(hereinafter Corerepe, Credit Union, Entity or Company, interchangeably), in accordance with the following:

BACKGROUND

[ ... ]

CONSIDERATIONS

FIRST. COMPETENCE. Based on the provisions of articles 97 first paragraph, fraction

VIII of the Credit Unions Law, 2, 4, fractions I, XI, and XXXVIII, 12 fractions V and XV, 16, fractions VI and

XVII, of the LCNBV, in accordance with the referenced regulations, the National Banking and Securities Commission,

as a Decentralized Body of the Ministry of Treasury and Public Credit, is empowered to

authorize the constitution and operation of credit unions and, if applicable, to agree to the revocation of said

authorizations.

[ ... ]

Therefore, it is appropriate to conclude that, in accordance with the information available to this

Commission, concatenated with the fact that this Credit Union did not provide elements to disprove the

grounds for revocation for which it was summoned, and much less offered evidence of conviction by which

to discredit said circumstance, which leads this Commission to the conviction that the

grounds for revocation for which UNION DE CREDITO AGRICOLA DE COREREPE, S.A. DE

V. was summoned, established in article 97 fraction VIII of the Credit Unions Law.

[ ... ]

RESOLVES

FIRST. This Decentralized Body, based on the provisions of article 97 fraction VIII

as well as 99 and 100 of the aforementioned Credit Unions Law and 12, fraction V and XV, of the Law of the National

Banking and Securities Commission and in accordance with the FOURTH Agreement adopted by the Board of

Directors of said Commission in its ordinary session held on February 12, 2025 , and to the

considerations that were exposed in this resolution, REVOKES UNION DE CREDITO

AGRICOLA DE COREREPE, S.A. DE C.V. , the authorization for organization and operation to operate

as a Credit Union.

SECOND. From the date of notification of this resolution, UNION DE CREDITO

AGRICOLA DE COREREPE, S.A. DE C.V. , is unable to carry out operations and will be

placed in a state of dissolution and liquidation, in accordance with what is provided in the last paragraph of article 99 of the

Credit Unions Law.

THIRD.

[ ... ]

FOURTH.

[ ... ]

FIFTH.

[ ... ]

This was decided by the President of the National Banking and Securities Commission, based on the

provisions established in articles 16, fractions VI and XVII, of the Law of the National Banking and

Securities Commission and signed, in substitution for his absence, the Legal Vice President of this Commission, in accordance

with what is provided in articles 3, fraction III, second paragraph, 4, fraction I, section A, fraction II, section A,

subparagraph 7), 9, 14 and 60 of the Internal Regulations of the National Banking and Securities Commission.

Respectfully,

Mexico City on February 19, 2025 .- Legal Vice President of the National Banking and

Securities Commission, Lic. Angel Salvador Vargas Mitre .- Initials.

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