Question 1

What is Copejal?

Accepted Answer

Copejal (Cooperativa de Economia e Crédito Mútuo dos Funcionários do Grupo JAL) is an employee credit cooperative serving workers of Grupo JAL and its affiliated companies in Brazil. Founded as a non-profit financial institution, Copejal provides accessible credit, promotes savings formation, and offers financial services specifically designed for employees of the JAL corporate group.

The cooperative operates under democratic principles where all member-employees are owners of the institution.

Question 2

When was Copejal founded?

Accepted Answer

Copejal was founded on October 24, 2002, establishing itself as a financial cooperative exclusively for employees of Grupo JAL. The cooperative was created to offer quality financial services at competitive rates while promoting financial education and mutual assistance among workers.

Since its founding, Copejal has maintained steady and solid growth while remaining focused on serving its employee membership base.

Question 3

Where is Copejal headquartered?

Accepted Answer

Copejal is headquartered at Avenida Automóvel Clube 990, Centro, São João de Meriti, Rio de Janeiro state. The cooperative also operates a recreational facility at its country headquarters (Sede Campestre) located at Estrada Nova de Mauá, 1801 and 1803, in Mauá, Magé, Rio de Janeiro.

The legal jurisdiction for the cooperative is the municipality of São João de Meriti in Rio de Janeiro state.

Question 4

Where does Copejal operate?

Accepted Answer

Copejal operates throughout Brazil within areas where it can effectively provide services to Grupo JAL employees. While its physical headquarters is in São João de Meriti, the cooperative's statute allows it to serve members domiciled anywhere in Brazilian territory through both in-person and electronic means.

The cooperative's operational area is defined by its ability to maintain member relationships, control operations, and deliver services to employees of Grupo JAL companies nationwide.

Question 5

What services does Copejal offer?

Accepted Answer

Copejal offers comprehensive financial services including personal loans with competitive interest rates, savings programs through capital formation, and member benefits. The cooperative specializes in payroll-deductible loans that provide fast credit with low interest rates and minimal bureaucracy.

Members build capital by contributing 2% of their gross salary monthly, with a minimum subscription of two shares at R$10.00 each. This capital receives annual remuneration and can be distributed as profit sharing when approved by the General Assembly.

Additional member benefits include social assistance programs, Christmas baskets, and access to the cooperative's country club recreational facilities. Copejal also provides financial education and operates an ombudsman service accessible at 0800 042 0851.

Question 6

What makes Copejal unique?

Accepted Answer

Copejal stands out for its comprehensive approach to employee financial wellness, combining traditional credit services with social benefits and recreational facilities. The cooperative's country club offers members and their families a space for leisure and community building beyond financial services.

As a democratically managed institution, Copejal ensures that all employees who are members have voting rights and participate in annual assemblies where they approve financial results, elect leadership, and determine profit distribution.

The cooperative's profit-sharing mechanism is particularly notable—members who paid interest on loans during the year receive proportional returns of those interest payments, effectively reducing their borrowing costs.

Question 7

What type of financial institution is Copejal?

Accepted Answer

Copejal is classified as a cooperativa de crédito mútuo (mutual credit cooperative), a civil society financial institution operating under Brazilian cooperative and financial services law. The cooperative is regulated by the Central Bank of Brazil (Banco Central do Brasil).

Copejal operates according to Law 5,764/71 (cooperative law), Law 4,595/64 (financial institutions law), and Complementary Law 130/2009 (credit cooperative law), as amended by Complementary Law 196/2022. As a non-profit institution not subject to bankruptcy, Copejal focuses exclusively on member benefit rather than profit generation.

This mutual credit cooperative model is a recognized and important component of Brazil's cooperative financial system, serving specific employment groups throughout the country.

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About Copejal in Brazil