Coopermel
in Brazil 🇧🇷
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About Coopermel in Brazil
Coopermel is a mutual credit cooperative (cooperativa de crédito mútuo) in Brazil that serves employees of Melhoramentos companies in São Paulo. As a not-for-profit financial institution, it provides economic assistance through savings and loan products, along with social and educational services to its members.
The cooperative operates under the authorization and supervision of the Banco Central do Brasil (Central Bank of Brazil). Since its creation, Coopermel has processed over 32,000 payroll-deducted loan contracts and accumulated a patrimony exceeding R$ 6 million.
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