Question 1

What is Sicredi Gerações RS/MG?

Accepted Answer

Sicredi Gerações RS/MG (Cooperativa de Crédito Gerações - Sicredi Gerações RS/MG) is a credit cooperative that resulted from the merger of two established cooperatives: Sicredi Centro Leste RS and Sicredi CrediGrande MG. The union was approved by member assemblies in December 2023 and homologated by the Central Bank of Brazil on February 22, 2024, with integrated operations beginning on March 9, 2024.

As part of the Sicredi System, Brazil's first cooperative financial institution with over 120 years of history, Sicredi Gerações RS/MG operates with dual administrative headquarters in Cachoeira do Sul (Rio Grande do Sul) and Lavras (Minas Gerais), serving 36 municipalities across these two states.

Question 2

When was Sicredi Gerações RS/MG founded?

Accepted Answer

Sicredi Gerações RS/MG was officially created on February 22, 2024, when the Central Bank of Brazil homologated the merger process that had been submitted in December 2023. The cooperative began integrated operations on March 9, 2024.

The merger brought together the histories and member bases of Sicredi Centro Leste RS and Sicredi CrediGrande MG, creating a stronger, unified cooperative better prepared to expand activities in Rio Grande do Sul and Minas Gerais while consolidating credit cooperativism in their operational regions.

Question 3

Where is Sicredi Gerações RS/MG headquartered?

Accepted Answer

Sicredi Gerações RS/MG operates with dual administrative headquarters reflecting its bi-state structure:

Cachoeira do Sul, Rio Grande do Sul: One of the primary administrative centers serving the cooperative's operations in Rio Grande do Sul.

Lavras, Minas Gerais: The second administrative headquarters managing operations in Minas Gerais.

This dual-headquarters model ensures regional representation and allows the cooperative to maintain strong local connections in both states while operating as a unified institution.

Question 4

Where does Sicredi Gerações RS/MG operate?

Accepted Answer

Sicredi Gerações RS/MG operates across 36 municipalities in two Brazilian states, with 25 branches serving its member base:

Rio Grande do Sul (18 municipalities): Cachoeira do Sul, Guaíba, Cerro Grande do Sul, Barão do Triunfo, Mariana Pimentel, Sertão Santana, Encruzilhada do Sul, São Jerônimo, Charqueadas, Tapes, Sentinela do Sul, Pantano Grande, Butiá, Minas do Leão, Amaral Ferrador, Arroio dos Ratos, Barra do Ribeiro, and Eldorado do Sul.

Minas Gerais (18 municipalities): Cana Verde, Carmo da Cachoeira, Carrancas, Cruzília, Ibituruna, Ijaci, Ingaí, Itumirim, Itutinga, Lavras, Luminárias, Minduri, Nazareno, Nepomuceno, Perdões, Ribeirão Vermelho, São Bento Abade, and São Thomé das Letras.

Question 5

What services does Sicredi Gerações RS/MG offer?

Accepted Answer

As part of the Sicredi System, Sicredi Gerações RS/MG offers over 300 financial products and services including:

Personal Banking: Current accounts, savings accounts, Pix payments, transfers, and digital banking through the Sicredi mobile app.

Credit Products: Personal loans, vehicle financing, home loans, payroll-deductible credit, rural credit (Sicredi being the 2nd institution with the highest number of rural credit releases in 2020), and credit cards (Sicredicard).

Business Services: Business current accounts, working capital loans, agricultural financing, accounts receivable management, and commercial credit solutions.

Investments: Fixed income products, investment funds, pension plans, consortium programs, and capital social participation with profit distribution.

Insurance Services: Comprehensive insurance products through Corretora de Seguros Sicredi for personal, agricultural, and business protection.

International Services: Foreign exchange operations for receiving or sending payments internationally.

Digital Banking: Full-featured mobile and online banking platforms with over 2,600 branch access points across Brazil and ATM network.

Question 6

What makes Sicredi Gerações RS/MG unique?

Accepted Answer

Sicredi Gerações RS/MG is unique as one of the newest cooperatives in the Sicredi System, born from a strategic merger designed to strengthen cooperative banking in both Rio Grande do Sul and Minas Gerais. The cooperative launched with substantial scale: 56,300 members, 300 employees, 25 branches, R$ 2 billion in assets, and R$ 276 million in net equity.

The cooperative's name "Gerações" (Generations) reflects its commitment to serving multiple generations of members and building long-term relationships. The merger philosophy emphasizes strengthening Sicredi's management model that places members as protagonists of the business, while fostering local economic and social development.

Under the leadership of President Paulo Alex Falcão and an integrated management team, the cooperative combines forces from two regions, creating synergies that benefit both communities. The Sicredi System's unique position as the first cooperative financial institution in Latin America (founded 1902 in Nova Petrópolis, RS) provides Sicredi Gerações RS/MG with over 120 years of cooperative expertise.

Question 7

What type of financial institution is Sicredi Gerações RS/MG?

Accepted Answer

Sicredi Gerações RS/MG is classified as a Cooperativa de Crédito (Credit Cooperative) in Brazil, operating within the Sicredi System. The institution is regulated by the Central Bank of Brazil and operates under cooperative legislation.

As a credit cooperative, members are simultaneously owners and users of the institution, participating in democratic governance and receiving distributions of annual results. The cooperative is part of the Sicredi System's three-tier structure: singular cooperatives (like Sicredi Gerações RS/MG) providing direct member service, central cooperatives coordinating regional integration (Central Sicredi Sul/Sudeste), and the national confederation (Confederação Sicredi) and Banco Cooperativo Sicredi S.A. providing systemic infrastructure.

The Sicredi System operates as Brazil's first cooperative financial institution, currently serving over 7.5 million members through more than 2,800 branches across all Brazilian states and the Federal District, with partnerships including Rabobank for international best practices exchange and recognition as a Great Place to Work employer.

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