Question 1

What is Coopestado?

Accepted Answer

Coopestado is a Brazilian mutual credit cooperative that serves public servants in the metropolitan region of Rio de Janeiro state. Founded in 2001, Coopestado operates as a closed-bond credit cooperative providing financial services exclusively to state public employees working in designated municipalities. The cooperative focuses on offering competitive credit solutions and financial services tailored to the needs of public sector workers.

As a member-owned financial institution, Coopestado emphasizes ethical conduct, social responsibility, and member service quality while maintaining sustainable operations.

Question 2

When was Coopestado founded?

Accepted Answer

Coopestado was founded on August 27, 2001. The cooperative was created by AASSERJ (Associação dos Servidores do Estado do Rio de Janeiro) with the purpose of providing a credit cooperative that would offer competitive interest rates and a quota-share capital system to its members.

Since its establishment, Coopestado has evolved to offer comprehensive financial services while maintaining its focus on serving public servants in the Rio de Janeiro metropolitan area.

Question 3

Where is Coopestado headquartered?

Accepted Answer

Coopestado is headquartered in Rio de Janeiro city, in the state of Rio de Janeiro, Brazil. The cooperative's administrative headquarters is located at Rua Senador Dantas, 71, Sala 1806, Centro, Rio de Janeiro/RJ, 20031-202.

The legal jurisdiction for the cooperative is also in Rio de Janeiro city.

Question 4

Where does Coopestado operate?

Accepted Answer

Coopestado operates in the metropolitan region of Rio de Janeiro state. The cooperative's operational area is specifically circumscribed to public agencies headquartered and/or established in the municipalities of Rio de Janeiro, Niterói, São Gonçalo, Duque de Caxias, and Nova Iguaçu, each with its own jurisdiction.

This defined geographic scope allows the cooperative to focus on serving public servants working in these key metropolitan municipalities of Rio de Janeiro state.

Question 5

What services does Coopestado offer?

Accepted Answer

Coopestado provides financial services designed for public servant members:

Credit Products: Personal loans and credit lines with competitive interest rates, specifically designed to be more favorable than traditional banking options. The cooperative specializes in consignment-based loans for public servants.

Banking Services: Checking accounts and basic banking operations for member financial management.

Savings and Investment: Quota-share capital system allowing members to build savings while participating in the cooperative's capital structure.

Member Benefits: As a cooperative, members participate in surplus distribution based on their transactions and cooperative activity.

Financial Planning Tools: The cooperative provides financial planning resources, including downloadable spreadsheets to help members manage expenses, revenues, and financial goals.

Free Educational Courses: Access to over 200 free courses for members covering professional development, personal interests, and skill enhancement, complete with certificates of completion.

Question 6

What makes Coopestado unique?

Accepted Answer

Coopestado distinguishes itself through several characteristics:

Public Servant Specialization: Deep understanding of public sector employment, including payment schedules, consignment mechanisms, and the specific financial needs of state employees in Rio de Janeiro.

Mission-Driven Vision: The cooperative's mission is "to be considered the best credit union option for public servants in Rio de Janeiro," reflecting focused dedication to this membership segment.

Social Responsibility: Strong commitment to social responsibility and community interest, exemplified by the cooperative's participation in initiatives like "Dia de Cooperar" (Day of Cooperation), offering free services including financial education, health screenings, and community activities.

Educational Emphasis: Beyond financial services, Coopestado provides extensive educational resources to members, recognizing that financial education is fundamental to member well-being and contributes to collective prosperity.

Core Values: The cooperative operates on principles of integrity, commitment, customer respect, social responsibility, sustainability, service quality, continuous improvement, innovation, and excellence.

Transparent Governance: Coopestado maintains comprehensive policies on corporate social responsibility, environmental responsibility, ethical conduct, liquidity risk management, and succession planning for administrators.

Question 7

What type of financial institution is Coopestado?

Accepted Answer

Coopestado 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 public servants working in the metropolitan region of Rio de Janeiro state.

The cooperative is regulated by the Brazilian Central Bank and operates under Laws 5.764/71, 4.595/64, 10.406/02, Complementary Law 130/2009, and Complementary Law 196/2022. As a mutual credit cooperative, Coopestado is a member-owned financial institution without profit objectives and not subject to bankruptcy. The cooperative provides banking and credit services exclusively to public servants in its defined operational area, operating on democratic governance principles where members participate in assemblies and elect representatives to administer the institution.

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