Question 1

What is Cooperativa de Crédito Coocrelivre?

Accepted Answer

Cooperativa de Crédito Coocrelivre is a Brazilian credit cooperative (cooperativa de crédito) that operates under the Sicoob system, one of Brazil's largest cooperative financial networks. The cooperative specializes in providing financial services to members across multiple municipalities in the state of São Paulo. As a member-owned financial institution, Coocrelivre serves nearly 10,000 members with a comprehensive portfolio of banking products and services. The cooperative focuses on keeping financial resources within the local communities where it operates, supporting regional economic development.

Question 2

When was Cooperativa de Crédito Coocrelivre founded?

Accepted Answer

Cooperativa de Crédito Coocrelivre was founded on November 26, 1983, in Orlândia, São Paulo. The cooperative was established by a group of 50 agricultural producers who sought to create a financial institution that could provide sustainable financial support to rural producers in their region.

Originally created exclusively for rural producers, the institution aimed to foster agricultural production and productivity through equitable access to credit and financial services. In 2010, the cooperative obtained authorization from the Central Bank of Brazil to expand its area of operation and serve all market segments, allowing it to extend services beyond just agricultural producers to include individuals and businesses.

Question 3

Where is Cooperativa de Crédito Coocrelivre headquartered?

Accepted Answer

The cooperative is headquartered in Orlândia, São Paulo, Brazil. The administrative headquarters and legal forum are located at Rua 01 (Um), nº 518, Centro, CEP: 14.620-000, in the city of Orlândia.

The cooperative moved to this newer headquarters location on June 16, 2008, as part of its expansion efforts.

Question 4

Where does Cooperativa de Crédito Coocrelivre operate?

Accepted Answer

Cooperativa de Crédito Coocrelivre operates primarily in the northeastern region of São Paulo state. As authorized by the Central Bank of Brazil, the cooperative maintains physical branches in municipalities including Orlândia, São Joaquim da Barra, Ituverava, Morro Agudo, Guaíra, Sales Oliveira, Ipuã, Ribeirão Preto (with multiple locations), Igarapava, Miguelópolis, and Américo Brasiliense.

The cooperative's most recent branch openings include Ribeirão Preto DABI (August 2023) and Américo Brasiliense (October 2023). For membership admission purposes, the cooperative can accept members from municipalities across the states of São Paulo, Minas Gerais, Mato Grosso do Sul, Paraná, and Rio de Janeiro.

Question 5

What services does Cooperativa de Crédito Coocrelivre offer?

Accepted Answer

Cooperativa de Crédito Coocrelivre offers a full range of banking services typical of Brazilian financial cooperatives. For individual members, the cooperative provides personal checking accounts, savings accounts, debit and credit cards, personal loans, and digital credit services.

For business members, services include business checking accounts, working capital loans, and merchant payment solutions. The cooperative also offers specialized agricultural financing, including advance crop financing for small, medium, and large agricultural producers.

Investment products include RDC (Recibo de Depósito Cooperativo), a fixed-income option for members. Digital services are delivered through the Sicoob mobile app, which offers online banking, PIX instant payments, bill payments, and digital account management. The cooperative also provides insurance products and free individual financial consulting services to its members.

Question 6

What makes Cooperativa de Crédito Coocrelivre unique?

Accepted Answer

Cooperativa de Crédito Coocrelivre distinguishes itself through its commitment to keeping financial resources within the local communities it serves. Unlike traditional banks that may redirect deposits elsewhere, the cooperative ensures that member contributions remain available for local lending and economic development.

The institution has maintained continuous profit distribution to its members for 38 consecutive years since its founding, demonstrating consistent financial performance and commitment to cooperative principles. Many founding members and their families continue their association with the cooperative decades after its establishment.

As part of the Sicoob system, Coocrelivre benefits from being connected to one of Brazil's largest cooperative networks while maintaining its local focus and personalized service approach. The cooperative operates in several municipalities where it may be one of the few or only financial institutions present, playing a crucial role in financial inclusion.

Question 7

What type of financial institution is Cooperativa de Crédito Coocrelivre?

Accepted Answer

Cooperativa de Crédito Coocrelivre is a Cooperativa de Crédito Mútuo (Mutual Credit Cooperative), which is a specific type of financial cooperative in Brazil. This institutional type is regulated by the Central Bank of Brazil and is characterized by member ownership, democratic governance, and profit-sharing among members.

As a mutual credit cooperative, Coocrelivre operates under cooperative principles where members are both owners and customers of the institution. This structure allows the cooperative to offer financial services while distributing results (sobras) back to members based on their participation.

The cooperative is affiliated with Sicoob (Sistema de Cooperativas de Crédito do Brasil), one of the five major cooperative financial systems in Brazil that collectively represent a significant portion of the country's financial services sector.

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