Sicoob Divicred
in Brazil 🇧🇷
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About Sicoob Divicred in Brazil
Sicoob Divicred is a Brazilian credit cooperative (cooperativa de crédito) that operates as a free admission financial institution in the states of Minas Gerais and São Paulo. As part of the larger Sicoob system (Sistema de Cooperativas de Crédito do Brasil), Sicoob Divicred serves over 30,000 members with a comprehensive portfolio of financial products and services.
The cooperative is authorized by the Central Bank of Brazil (Banco Central do Brasil) and affiliated with Sicoob Central Cecremge. Unlike traditional banks, Sicoob Divicred operates on cooperative principles where members are also owners of the institution, sharing in annual surplus distributions.
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