Question 1

What is Sicoob Credivale/SC?

Accepted Answer

Sicoob Credivale/SC is a Brazilian credit cooperative (cooperativa de crédito) operating in the states of Santa Catarina and Paraná. It is part of the Sicoob System (Sistema de Cooperativas de Crédito do Brasil), one of Brazil's largest cooperative financial systems.

As a free-admission credit cooperative, Sicoob Credivale/SC serves over 19,000 members (cooperados) with a full portfolio of financial products and services. The cooperative operates under cooperative principles, where members are not just customers but co-owners who participate in decision-making and share in the financial results.

Question 2

When was Sicoob Credivale/SC founded?

Accepted Answer

Sicoob Credivale/SC was founded on November 26, 1993, when 22 visionaries met in Braço do Norte, Santa Catarina, after a trip to western Santa Catarina. The cooperative was originally established as a rural credit cooperative under the name Cooperativa de Crédito Rural do Vale Ltda - Credivale.

The cooperative received authorization to operate from Brazil's Central Bank (Banco Central do Brasil) on January 19, 1994 (DECUR/NUORF-94/0053). Its first headquarters was inaugurated on May 5, 1994, on Avenida Nereu Ramos in Braço do Norte, with public operations beginning on May 9, 1994.

On March 28, 1998, during an Extraordinary General Assembly, the cooperative changed its name to Cooperativa de Crédito Rural do Vale – Sicoob Credivale/SC. On March 22, 2013, following another Extraordinary General Assembly and authorization from the Central Bank (Ofício 143/2013-BCB/Deorf/Gtpal, dated January 9, 2013), it transformed from a rural credit cooperative into a free-admission credit cooperative, adopting its current name: Cooperativa de Crédito de Livre Admissão do Vale – Sicoob Credivale/SC.

Question 3

Where is Sicoob Credivale/SC headquartered?

Accepted Answer

Sicoob Credivale/SC is headquartered in Braço do Norte, Santa Catarina, Brazil. In 2019, the cooperative inaugurated a new, modern headquarters building in Braço do Norte to provide members with more comfort and space.

Question 4

Where does Sicoob Credivale/SC operate?

Accepted Answer

Sicoob Credivale/SC operates in multiple municipalities across two Brazilian states. In Santa Catarina, the cooperative serves: São Ludgero, Armazém, São Martinho, São Bonifácio, Rio Fortuna, Santa Rosa de Lima, Grão-Pará, Orleans, Tubarão, Jaguaruna, Gravatal, Pedras Grandes, Treze de Maio, Pescaria Brava, and Laguna.

In Paraná, the cooperative's service area includes: Apucarana, Arapongas, Califórnia, Cambira, Marilândia do Sul, Marumbi, Mauá da Serra, Novo Itacolomi, Rio Bom, Tamarana, Rolândia, Cambé, Congonhinhas, Cornélio Procópio, Curiúva, Ibaiti, Nova Fátima, Nova Santa Bárbara, Ribeirão do Pinhal, Santa Cecília do Pavão, Santo Antônio do Paraíso, São Jerônimo da Serra, São Sebastião da Amoreira, Sapopema, Uraí, Assaí, and Londrina.

The cooperative currently operates 16 service points (branches) across 14 municipalities, including multiple locations in Tubarão and branches in Braço do Norte, São Ludgero, Armazém, São Martinho, São Bonifácio, Rio Fortuna, Grão-Pará, Orleans, Jaguaruna, Gravatal, Pedras Grandes, Treze de Maio, Pescaria Brava, and Laguna.

Question 5

What services does Sicoob Credivale/SC offer?

Accepted Answer

Sicoob Credivale/SC provides a comprehensive range of financial services including current accounts (conta corrente), savings accounts (poupança), credit products for individuals and businesses, debit and credit cards, investments, insurance (seguros), consortia (consórcio), and payment collection services (cobrança). The cooperative specializes in both rural credit (carteira rural) and commercial credit (carteira comercial).

Digital services include the Sicoob mobile app for account management, digital banking platforms, and various online channels. Members can access thousands of ATMs across Brazil and benefit from the broader Sicoob System's digital infrastructure.

The cooperative also provides financial education to its members and operates with significantly lower fees and more competitive rates than traditional banks. As of December 2022, the cooperative managed a credit portfolio exceeding R$723 million and deposits totaling over R$811 million.

Question 6

What makes Sicoob Credivale/SC unique?

Accepted Answer

Sicoob Credivale/SC operates on cooperative principles, meaning members are co-owners rather than customers. Members have equal voting rights (one member, one vote) regardless of their capital contribution, participate democratically in the cooperative's General Assembly, and receive a share of the financial results based on their participation.

In 2023, the cooperative generated R$107 million in social gains distributed among members. The cooperative emphasizes local development, retaining financial resources within the regions it serves and reinvesting profits into community development.

As part of the Sicoob System, members benefit from the protection of the Fundo Garantidor do Cooperativismo de Crédito (FGCoop), which guarantees deposits and credits up to R$250,000 per individual or business, similar to traditional bank deposit insurance.

Question 7

What type of financial institution is Sicoob Credivale/SC?

Accepted Answer

Sicoob Credivale/SC is a Cooperativa de Crédito de Livre Admissão (Free-Admission Credit Cooperative), a specific type of financial institution in Brazil that operates under the supervision of the Central Bank of Brazil (Banco Central do Brasil). Unlike traditional banks, credit cooperatives in Brazil are member-owned financial institutions organized as sociedades cooperativas (cooperative societies).

The cooperative is classified under the Brazilian National Classification of Economic Activities (CNAE) code 6424703 as a "Cooperativa de crédito mútuo" (mutual credit cooperative). As a singular cooperative within the Sicoob System, it provides direct financial services to members while being affiliated with regional central cooperatives for systemic integration and support.

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Sicoob Crediv­ale/SC