Question 1

What is Cooperáguia?

Accepted Answer

Cooperáguia is a Brazilian mutual credit cooperative that serves employees of Grupo Águia Branca, one of Brazil's largest transportation and logistics conglomerates. Founded in 1975, Cooperáguia operates as a closed-bond credit cooperative providing financial services exclusively to employees and service providers of the Águia Branca Group companies. The cooperative is headquartered in Cariacica, Espírito Santo.

Cooperáguia focuses on promoting savings and offering appropriate financial solutions to meet the needs of each member at fair prices and advantageous conditions. The cooperative emphasizes that its business centers on people, not profit.

Question 2

When was Cooperáguia founded?

Accepted Answer

Cooperáguia was founded on January 30, 1975, and was officially registered with the Espírito Santo cooperative system on August 21, 1975. The cooperative was established by employees of Grupo Águia Branca to provide financial services tailored to the needs of the company's workforce.

Over nearly five decades, Cooperáguia has evolved while maintaining its core mission of serving Águia Branca Group employees, adapting to regulatory changes and modernizing its services to meet contemporary member needs.

Question 3

Where is Cooperáguia headquartered?

Accepted Answer

Cooperáguia is headquartered in Cariacica, in the state of Espírito Santo, Brazil. The cooperative's administrative headquarters is located at Avenida Mário Gurgel, 5030, Grupo Águia Branca, Campo Grande, Vila Capixaba, Cariacica, ES, CEP 29.148-022.

This location within the Águia Branca Group facilities reflects the cooperative's close integration with its member employer.

Question 4

Where does Cooperáguia operate?

Accepted Answer

Cooperáguia operates throughout the regions where Grupo Águia Branca maintains business operations in Brazil. As a closed-bond cooperative tied to a specific business conglomerate, its operational scope follows the geographic distribution of Águia Branca Group companies and their employees.

The cooperative primarily serves members in Espírito Santo and other states where the Águia Branca Group operates its transportation, logistics, and related businesses.

Question 5

What services does Cooperáguia offer?

Accepted Answer

Cooperáguia provides comprehensive financial services to its employee membership:

Credit Services: Loans and financing exclusively for members, with various credit lines available after members complete their probationary period or meet minimum company requirements for payroll deduction.

Savings and Capitalization: Monthly capital subscription and integration programs, with employees contributing up to 2% of their base salary (limited to one minimum wage) and non-employee members contributing based on declared income.

Account Services: Checking accounts and banking operations for daily financial management.

Member Benefits: Participation in surplus distribution based on cooperative activity and transactions.

Governance Participation: Members elect delegates representing different companies within the Águia Branca Group, ensuring democratic participation in cooperative governance.

All credit operations are available exclusively to members and must follow prior authorization by the Board of Directors, which establishes terms, interest rates, payment forms, and conditions to meet member needs appropriately.

Question 6

What makes Cooperáguia unique?

Accepted Answer

Cooperáguia distinguishes itself through several characteristics:

Águia Branca Group Integration: As the financial cooperative of one of Brazil's largest transportation and logistics groups, Cooperáguia has specialized understanding of the employment characteristics and financial needs of transportation and logistics workers.

Payroll-Integrated Services: The cooperative offers convenient payroll deduction for both capital contributions and loan repayments, simplifying member participation and payment processes.

Democratic Representation: The cooperative maintains a delegate system ensuring proportional representation across different companies within the Águia Branca Group, giving voice to members from various subsidiaries.

Long-Standing History: With nearly 50 years of operation since 1975, Cooperáguia has established deep roots within the Águia Branca corporate culture and employee community.

People-Focused Mission: The cooperative explicitly states that "the business here is to promote savings and offer appropriate financial solutions to each member's needs" with "fair prices and advantageous conditions," emphasizing that "the focus of credit cooperativism is people, not profit."

Flexible Membership Categories: Accommodates both employees and non-employee service providers of the Águia Branca Group with tailored capitalization requirements.

Question 7

What type of financial institution is Cooperáguia?

Accepted Answer

Cooperáguia is a Cooperativa de Economia e Crédito Mútuo (Mutual Credit and Savings Cooperative) in Brazil. Specifically, it operates as a closed-bond credit cooperative restricted to employees and service providers of Grupo Águia Branca companies.

The cooperative is regulated by the Brazilian Central Bank and operates under Brazilian cooperative legislation including Laws 5.764/71 and 4.595/64. The current bylaws were approved at an Extraordinary General Assembly on April 19, 2023. As a mutual credit cooperative, Cooperáguia is a member-owned financial institution that provides banking and credit services exclusively to individuals affiliated with the Águia Branca Group. The cooperative operates on principles of mutual assistance, democratic governance through delegate representation, and member benefit rather than profit maximization.

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