Question 1

What is Sicredi Expansão?

Accepted Answer

Sicredi Expansão is a credit cooperative operating as part of the Sicredi System, Brazil's first financial cooperative network and one of the largest in the country. The cooperative serves members across northeastern states including Alagoas, Pernambuco, Maranhão, and Bahia. With over 21,000 members, Sicredi Expansão provides comprehensive financial services while operating under cooperative principles of democratic governance and member ownership.

Question 2

When was Sicredi Expansão founded?

Accepted Answer

Sicredi Expansão was formed through the evolution and merger of several cooperatives. The origins trace to September 28, 1992, when a group of physicians founded a credit cooperative for healthcare professionals in Alagoas. The cooperative expanded its membership over the years to include other healthcare professionals, public servants, and eventually all segments through free admission authorization.

In 2019, the cooperative expanded to Pernambuco through the incorporation of Sicredi Pernambucred. The current name "Sicredi Expansão" was adopted in July 2023 following the union of Sicredi Alagoas and Sicredi Salvador, marking a new phase of growth and regional consolidation.

Question 3

Where is Sicredi Expansão headquartered?

Accepted Answer

Sicredi Expansão maintains operations across multiple states in northeastern Brazil. The cooperative has significant presence in Maceió, the capital of Alagoas, where it originated. Following the 2023 merger, the cooperative expanded its administrative structure to serve its broader regional footprint across northeastern states.

Question 4

Where does Sicredi Expansão operate?

Accepted Answer

Sicredi Expansão operates in northeastern Brazil, with branches in Alagoas (Maceió, Arapiraca, Palmeira dos Índios, Penedo, Coruripe, Santana do Ipanema), Pernambuco (Recife, Caruaru, Jaboatão dos Guararapes, Petrolina, Salgueiro), Maranhão (Balsas), and Bahia (Paulo Afonso, Salvador). The cooperative has steadily expanded its geographic footprint to serve over 21,000 members across these northeastern states.

The institution continues to grow its presence in the region, bringing cooperative financial services to communities historically underserved by traditional banks.

Question 5

What services does Sicredi Expansão offer?

Accepted Answer

Sicredi Expansão offers comprehensive financial services including checking and savings accounts, credit products for individuals and businesses, investment options, payment cards, insurance, and consortium services. The cooperative provides personal loans, business financing, agricultural credit through specialized Agro products, and real estate financing.

Digital banking is available through the Sicredi mobile app and online platforms, offering Pix payments, transfers, bill payments, and account management. Members can access investment products, insurance services, and specialized agricultural financing programs. The cooperative emphasizes financial education and member participation in governance decisions.

Question 6

What makes Sicredi Expansão unique?

Accepted Answer

Sicredi Expansão represents the growth and consolidation of cooperative banking in northeastern Brazil, a region where traditional banks often have limited presence. The cooperative's name "Expansão" (Expansion) reflects its mission to extend cooperative financial services across the Northeast. As part of the Sicredi System, members benefit from over 120 years of cooperative banking heritage and access to extensive infrastructure.

The cooperative model makes members owners who participate in governance and share in financial results. Sicredi Expansão has demonstrated commitment to regional development through strategic expansion and mergers that strengthen cooperative presence in underserved markets.

Question 7

What type of financial institution is Sicredi Expansão?

Accepted Answer

Sicredi Expansão is a Cooperativa de Crédito de Livre Admissão (Free Admission Credit Cooperative). In Brazil, free admission cooperatives can serve any individual or business, unlike segmented cooperatives that restrict membership to specific groups. These institutions are regulated by the Central Bank of Brazil under the same standards as commercial banks.

Sicredi Expansão is part of the Sicredi System, which was founded in 1902 as Latin America's first credit cooperative network and now operates across all Brazilian states with over 9 million members.

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