Cooperativa de Crédito Coopcred
in Brazil 🇧🇷
Crypto-Friendliness
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About Cooperativa de Crédito Coopcred in Brazil
Cooperativa de Crédito Coopcred is a Brazilian credit cooperative (cooperativa de crédito) operating in the western region of São Paulo state. As a member-owned financial institution, Coopcred serves agricultural producers, with a particular focus on sugar cane suppliers and farmers in the region. The cooperative is affiliated with the Sicoob system, one of Brazil's largest cooperative financial networks, and operates under the supervision of the Central Bank of Brazil (Banco Central do Brasil).
Credit cooperatives in Brazil are regulated financial institutions that follow the same standards as traditional banks but operate on cooperative principles. Unlike commercial banks, they exist to serve their members rather than maximize profits for external shareholders.