Question 1

What is Sicoob Usagro?

Accepted Answer

Sicoob Usagro is a mutual credit cooperative in Brazil serving employees of companies controlled and affiliated with Usina Santa Adélia. As part of the Sicoob System (Sistema de Cooperativas de Crédito do Brasil), it operates as a non-profit financial institution where members are both clients and owners. The cooperative is regulated and supervised by the Central Bank of Brazil.

Question 2

When was Sicoob Usagro founded?

Accepted Answer

Sicoob Usagro was founded in May 1992 by 20 founding members who were employees of Usina Santa Adélia and Agro Pecuária Gino Bellodi. The cooperative was established to provide accessible credit to meet employee financial needs. The founding members included Leonildo Damião de Souza, Sueli Palazzo Barbosa, Rogério Carosio, and 17 other employees who shared the vision of creating a cooperative financial institution.

The cooperative received crucial support from Usina Santa Adélia's management, which provided both administrative and financial backing. Initially, the company matched employee capital contributions monthly to build sufficient capital for lending operations. In 2006, employees of Usina Interlagos in Pereira Barreto could join the cooperative.

In 2013, membership expanded to include employees of Usina Pioneiros Bioenergia S/A in Sud Mennucci and LR Agropecuária Ltda. in Jaboticabal and Naviraí. A major transformation occurred in 2017 when the cooperative adopted the Sicoob brand, migrated to the Sisbr system, joined the clearing system (compe), and implemented comprehensive financial products and services to better serve members.

Question 3

Where is Sicoob Usagro headquartered?

Accepted Answer

Sicoob Usagro is headquartered within the administrative facilities of Usina Santa Adélia in Jaboticabal, São Paulo state. The cooperative maintains its main operations at this location, embedded within the sugar and ethanol company's infrastructure in the interior of São Paulo.

Question 4

Where does Sicoob Usagro operate?

Accepted Answer

Sicoob Usagro operates at two service points in São Paulo state: within the administrative offices of Usina Santa Adélia in Jaboticabal and at Usina Interlagos in Pereira Barreto. The cooperative serves employees across multiple affiliated companies in various municipalities including Jaboticabal, Pereira Barreto, Sud Mennucci in São Paulo, and Naviraí in Mato Grosso do Sul state.

Question 5

What services does Sicoob Usagro offer?

Accepted Answer

Sicoob Usagro provides comprehensive financial services including personal credit at below-market interest rates, savings accounts with 100% CDI returns, and deposit insurance coverage up to R$250,000 per individual through the guarantee fund. Members have access to checking accounts, overdraft protection, credit cards, and consignment loans.

The cooperative offers private pension plans, insurance products, and consortium services for planned purchases. Digital banking services enable convenient account management and transactions. All services are delivered with personalized, targeted customer service through in-person assistance, telephone support via dedicated extensions, and WhatsApp communication channels.

Question 6

What makes Sicoob Usagro unique?

Accepted Answer

Sicoob Usagro's transformation in 2017 marked a significant evolution from a traditional closed cooperative to a modern financial institution integrated with the Sicoob System. This affiliation provides members access to one of Brazil's largest cooperative financial networks while maintaining the personalized service of a company-based credit union.

The cooperative's embedded model, with service points located directly within employer facilities, offers exceptional convenience for members. The strong partnership with Usina Santa Adélia and affiliated companies, which has existed since the cooperative's founding, ensures institutional stability and aligned interests between the employer, cooperative, and employees.

Question 7

What type of financial institution is Sicoob Usagro?

Accepted Answer

Sicoob Usagro is a Cooperativa de Crédito Mútuo (Mutual Credit Cooperative), a regulated financial institution type in Brazil. As a member of the Sicoob System, it operates under Central Bank of Brazil supervision and follows the cooperative banking model.

This institutional classification represents a member-owned financial cooperative serving a specific employment group. Unlike commercial banks, mutual credit cooperatives exist to benefit members through favorable financial services, democratic governance, and surplus distribution based on member participation. The Sicoob affiliation connects it to Brazil's largest credit cooperative system while maintaining its identity as an employee-focused institution.

Sicoob Usagro

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About Sicoob Usagro in Brazil