Question 1

What is Credjust?

Accepted Answer

Credjust is a credit cooperative (cooperativa de crédito mútuo) serving members of the Labor Justice system of the 13th Region in Paraíba, Brazil. Founded by employees of the Regional Labor Court (Tribunal Regional do Trabalho da 13ª Região), the cooperative provides financial services based on cooperative principles of mutual assistance and member ownership. Credjust is recognized as the largest independent financial cooperative in Brazil's Northeast region.

Question 2

When was Credjust founded?

Accepted Answer

Credjust was founded on February 6, 2001, by 32 founding members who recognized the benefits of cooperative financial services for Labor Court employees. The institution began operations with support from Sicoob, a national cooperative central that provided guidance during the establishment phase.

Over 20 years of operation, the cooperative has grown from its initial small membership to over 900 members. The founders, including Francisco Carlos and Carlos José, successfully convinced colleagues to embrace cooperativism as a tool for economic and social development.

Question 3

Where is Credjust headquartered?

Accepted Answer

Credjust is headquartered in João Pessoa, Paraíba, located near the Regional Labor Court (Tribunal Regional do Trabalho) of the 13th Region. The cooperative's strategic positioning near the courthouse provides convenient access for its primary membership base of Labor Justice employees and their families.

Question 4

Where does Credjust operate?

Accepted Answer

Credjust operates in João Pessoa, Campina Grande, and surrounding jurisdictions within the 13th Labor Justice Region of Paraíba. The cooperative's service area encompasses locations where the Regional Labor Court maintains offices and where its employees work. Beyond serving cooperative members, Credjust operates a bill payment service point open to the general public, contributing to the broader community's financial access.

Question 5

What services does Credjust offer?

Accepted Answer

Credjust offers consigned payroll credit with automatic deduction from paychecks, personal loans with competitive rates, advance payment of 13th salary, checking accounts through a partnership with Banco do Brasil, savings accounts, investment products, debit and credit cards, and bill payment services. The cooperative provides salary portability allowing automatic transfer of salaries to member accounts.

Digital services enable online account management and transactions. Members benefit from the distribution of annual surpluses (sobras) proportional to their cooperative usage. Credjust emphasizes accessible credit with simplified approval processes and no need for guarantors on many products.

Question 6

What makes Credjust unique?

Accepted Answer

Credjust distinguishes itself as the largest independent financial cooperative in Northeast Brazil while maintaining exclusive focus on serving Labor Justice employees and their families. The cooperative operates independently rather than being affiliated with large national cooperative systems, allowing autonomous decision-making aligned with member needs.

Credjust's commitment to the seventh cooperative principle—interest in community—is demonstrated through its public bill payment service, making financial services accessible beyond its membership. The institution maintains 20 years of consistent positive performance, strong member engagement, and transparent governance. Members receive sobras distributions based on their cooperative participation, directly benefiting from their institution's success.

Question 7

What type of financial institution is Credjust?

Accepted Answer

Credjust is a cooperativa de crédito mútuo (mutual credit cooperative), a Brazilian financial institution type regulated by the Central Bank and organized around member ownership and mutual assistance. This institutional structure restricts membership to individuals with common bonds—in Credjust's case, employment with or family connections to the 13th Region Labor Justice system. Credit cooperatives operate under cooperative principles emphasizing democratic governance, member benefit, and community development rather than profit maximization for external shareholders.

Credjust

in Brazil 🇧🇷

Crypto-Friendliness

All done!

About Credjust in Brazil