"The principles that inspire the provisions of the Organic Monetary and Financial Code are:
1. The primacy of human beings over capital;
2. The subordination of the monetary, financial, securities, and insurance sectors as instruments at the service of the real economy;
3. The exercise of monetary and financial sovereignty and strategic international integration;
4. Inclusion and equity;
5. The strengthening of trust; and,
6. The protection of citizens' rights." "Principios. Los principios que inspiran las disposiciones del Código Orgánico Monetario y Financiero son:
1. La prevalencia del ser humano por sobre el capital;
2. La subordinación del ámbito monetario, financiero, de valores y seguros como instrumento al servicio de la economía real;
3. El ejercicio de la soberanía monetaria y financiera y la inserción estratégica internacional;
4. La inclusión y equidad;
5. El fortalecimiento de la confianza; y,
6. La protección de los derechos ciudadanos"

29 Legally competent natural persons or legal entities that meet the common bond and requirements established in the regulations of this Law and in the organization's bylaws may be members of a cooperative. Student cooperatives are exempt from the legal capacity requirement. Membership is conferred upon acceptance by the Board of Directors and the signing of the corresponding certificates, without prejudice to its subsequent registration with the Superintendency, and is not transferable or assignable.

Popular and Solidarity Financial Sector. The popular and solidarity financial sector comprises: 1. Savings and credit cooperatives; 2. Central savings banks; 3. Associative or solidarity entities, community banks and savings banks; and, 4. Auxiliary services of the financial system, such as: banking software, transactional software, transportation of currency and securities, payment and collection services, ATM networks and networks, accounting and computer services, and others classified as such by the Superintendency of Popular and Solidarity Economy within its jurisdiction. Mutual savings and credit associations for housing are also part of the popular and solidarity financial sector. Associative or solidarity entities, community banks and savings banks, and savings banks shall be governed by the provisions of the Organic Law of Popular and Solidarity Economy and the regulations issued by the Monetary and Financial Policy and Regulation Board. "Sector financiero popular y solidario. El sector financiero popular y solidario está compuesto por: 1. Cooperativas de ahorro y crédito; 2. Cajas centrales; 3. Entidades asociativas o solidarias, cajas y bancos comunales y cajas de ahorro; y, 4. De servicios auxiliares del sistema financiero, tales como: software bancario, transaccionales, de transporte de especies monetarias y de valores, pagos, cobranzas, redes y cajeros automáticos, contables y de computación y otras calificadas como tales por la Superintendencia de Economía Popular y Solidaria en el ámbito de su competencia. También son parte del sector financiero popular y solidario las asociaciones mutualistas de ahorro y crédito para la vivienda. Las entidades asociativas o solidarias, cajas y bancos comunales y cajas de ahorro se regirán por las disposiciones de la Ley Orgánica de la Economía Popular y Solidaria y las regulaciones que dicte la Junta de Política y Regulación Monetaria y Financiera.
"