Magicr­edi-RJ

Magicredi-RJ (Cooperativa de Crédito dos Magistrados do Estado do Rio de Janeiro) is a specialized credit cooperative serving magistrates in the state of Rio de Janeiro, Brazil. As a cooperative society, the institution focuses on providing financial services exclusively to state judges, court officials, and their families. Magicredi-RJ operates under the cooperative principles of mutual assistance and member ownership, distinguishing it from traditional commercial banks.

The cooperative is regulated by the Central Bank of Brazil (Banco Central do Brasil) and operates under Brazilian cooperative law (Lei 5.764/71) and complementary financial legislation. It maintains a member-centric approach, where profits are distributed among members rather than external shareholders.