Question 1

What is Coopsergs?

Accepted Answer

Coopsergs (COOPERATIVA DE ECONOMIA E CRÉDITO MÚTUO SERVIDORES PÚBLICOS ATIVOS) is a mutual credit cooperative serving public servants in Rio Grande do Sul, Brazil. The cooperative provides financial services exclusively to active public servants, retirees, and pensioners from the direct and indirect administration, as well as the Legislative Assembly of Rio Grande do Sul state. As a member-owned financial institution, Coopsergs operates under the cooperative banking model, where members are both customers and owners.

Question 2

When was Coopsergs founded?

Accepted Answer

Coopsergs was founded on April 3, 2003, as registered with CNPJ 05.591.437/0001-60. The cooperative was established to provide an alternative to traditional banking for public servants in Rio Grande do Sul, offering financial services with a focus on member benefits rather than profit maximization. The cooperative emerged during a period of significant growth in Brazilian credit cooperativism, following the stabilization of the Brazilian economy in the 1990s and early 2000s.

Question 3

Where is Coopsergs headquartered?

Accepted Answer

Coopsergs is headquartered in Porto Alegre, the capital of Rio Grande do Sul state. The cooperative's main office is located at Rua Dr. Flores, 307, Third Floor, in the Centro (downtown) district of Porto Alegre, with postal code 90020-123. This central location in Porto Alegre's historic downtown area provides convenient access for members throughout the metropolitan region.

Question 4

Where does Coopsergs operate?

Accepted Answer

Coopsergs operates primarily in Rio Grande do Sul state, Brazil's southernmost state. The cooperative serves public servants across the state, including those working in state and municipal direct administration, indirect administration entities, and the state's Legislative Assembly. Rio Grande do Sul has a strong tradition of cooperativism, being home to Brazil's first credit cooperative founded in 1902 in Nova Petrópolis.

Question 5

What services does Coopsergs offer?

Accepted Answer

As a credit cooperative, Coopsergs provides a range of financial services to its members, including savings accounts, current accounts (conta corrente), personal loans, consigned credit (crédito consignado), and capital share integration. The cooperative offers competitive interest rates on loans and higher returns on savings compared to traditional banks, as it operates on a not-for-profit basis with surplus returned to members.

Members benefit from democratic participation in the cooperative's governance and access to financial services tailored to the specific needs of public servants. The cooperative also provides financial education and support services to help members achieve their financial goals.

Question 6

What makes Coopsergs unique?

Accepted Answer

Coopsergs is unique in its exclusive focus on serving public servants of Rio Grande do Sul's governmental bodies. Unlike traditional banks that seek to maximize shareholder profits, Coopsergs operates under the seven cooperative principles, including voluntary and open membership, democratic member control, and economic participation of members.

The cooperative's structure ensures that any financial surplus generated is returned to members through better rates, improved services, or distributed as dividends. This member-owned model creates alignment between the institution's success and the financial wellbeing of its members, all of whom are public sector employees.

Question 7

What type of financial institution is Coopsergs?

Accepted Answer

Coopsergs is a Cooperativa de Crédito Mútuo (Mutual Credit Cooperative), classified under CNAE code 6424703 in Brazil's national classification system. Credit cooperatives in Brazil are regulated by the Central Bank of Brazil (Banco Central do Brasil) and governed by Complementary Law 130/2009, which established the National Cooperative Credit System.

As a first-level credit cooperative, Coopsergs provides direct financial services to its members and operates under the supervision of Brazil's financial regulatory framework. Mutual credit cooperatives like Coopsergs are distinguished by their restriction to serving specific groups—in this case, public servants—creating a closed bond of common interest among members.

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