Caja Laboral

{{Short description|Spanish credit union}}

{{about|the former credit union|the successor credit union|Laboral Kutxa|the basketball club sponsored by this company|Saski Baskonia}}

{{Infobox company

| name = Caja Laboral

| image = EuskadikoKutxa.jpg

| image_caption = Caja Laboral headquarters in Mondragón

| type = Credit union

| traded_as =

| fate =

| predecessor =

| successor = Laboral Kutxa

| foundation =

| founder =

| defunct =

| location_city = Mondragón

| location_country = Spain

| locations =

| area_served = Basque Country

| key_people = Txomin García
{{small|(President)}}

| industry = Financial services

| products =

| services =

| revenue =

| operating_income =

| net_income =

| aum =

| assets =

| equity =

| owner =

| num_employees =

| parent = Mondragon Corporation

| divisions =

| subsid =

| homepage = {{URL|cajalaboral.es}}

| footnotes =

}}

Caja Laboral Popular Cooperativa de Crédito or Caja Laboral (Workers' Credit Union) was a Spanish credit union established in 1959 as part of the Mondragon Corporation and headquartered in Mondragón, in the Basque Country of Spain.{{Cite web |date=November 17, 2009 |title=Businessweek profile of Caja Laboral |url=http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=4839846 |archive-url=https://web.archive.org/web/20091117070524/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=4839846 |archive-date=2009-11-17 |access-date=2025-02-11 |website=BusinessWeek}} The major financial provider behind the Basque cooperative movement, Caja Laboral covered the financial segment of Mondragon and provided banking and financial services to its customers through a network of over 370 branch offices in the Basque Country and beyond. With over 1800 employees (who were actually the partners-owners of the bank following the cooperative philosophy of shared ownership and stewardship), Caja Laboral generated annual revenue in excess of €330 million.{{cn|date=December 2023}}{{cite web|access-date=28 January 2009 |archive-date=21 December 2008 |archive-url=https://web.archive.org/web/20081221115148/http://www.mcc.es/esp/quienessomos/historiaMCC_esp.pdf |author=Mondragon Corporacion Cooperativa |date=29 July 2007 |language=es |title=Mondragon Corporacion Cooperativa: Historia de una Experiencia |url=http://www.mcc.es/esp/quienessomos/historiaMCC_esp.pdf}}

Together with its sister social assurance company Lagun Aro, Caja Laboral spearheaded the Financial Group of the Mondragon Corporation, which according to company sources 'operates autonomously within the framework of a sole joint strategy'. It was the first Spanish financial institution to open its branches in the late afternoons/early evenings.{{Citation needed|date=December 2009}}

Caja Laboral was mostly unaffected by the 2008 financial crisis, though they did have €162 million in bonds from Lehman Brothers.[https://www.reuters.com/article/idUSLM69025720080922 Caja Laboral has 162 mln euros of Lehman bonds.] Reuters. 22 Sept. 2008. Effective with the 2009–10 basketball season, Caja Laboral became the new sponsors of Liga ACB and Euroleague club Saski Baskonia.

In 2012, Caja Laboral merged with Ipar Kutxa to form the credit union Laboral Kutxa.{{cite web | url=https://hcn.eu/partner/caja-laboral-kutxa/ | title=Caja Laboral Popular KUTXA » HCN - Health ClusterNET }}