Moon Banking

Cooperativa Atlas

in Brazil 🇧🇷

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About Cooperativa Atlas in Brazil

Cooperativa Atlas is a closed-bond credit cooperative (cooperativa de crédito) in Brazil, exclusively serving employees of Elevadores Atlas Schindler Ltda., one of Brazil's leading elevator and escalator companies. Founded to provide mutual financial support to workers in the elevator industry, Cooperativa Atlas operates as a member-owned financial institution regulated by the Central Bank of Brazil. With over 1,800 members, the cooperative offers personalized financial services with favorable interest rates compared to traditional commercial banks.

As a cooperativa de crédito de livre admissão de associados (credit cooperative with restricted membership), it exemplifies the closed-bond model common in Brazilian cooperative banking, where membership is limited to employees and their immediate family members of a specific company.

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