Question 1

What is Credisis Primacredi?

Accepted Answer

Credisis Primacredi is a credit cooperative operating in the state of Mato Grosso, Brazil. Founded in Primavera do Leste, the cooperative serves individual and business members across 52 municipalities in southeastern, southern, médio Araguaia, and norte Araguaia regions of Mato Grosso. With over 34 years of history and more than 10 branches, Credisis Primacredi is one of the largest independent credit cooperatives in Brazil and ranks among the leading credit cooperatives in Mato Grosso.

Question 2

When was Credisis Primacredi founded?

Accepted Answer

Credisis Primacredi was founded on November 26, 1990, by a group of 85 pioneering agricultural producers in Primavera do Leste, Mato Grosso. These founders sought an alternative to the conventional financial system and created the region's first credit cooperative. The cooperative expanded its operations in 1999 by opening a Cooperative Service Point (PAC) in Poxoréu, and in 2016, reached Gaúcha do Norte. In August 2021, after years of independent operation, Primacredi joined the CrediSIS System, becoming CrediSIS Primacredi.

Question 3

Where is Credisis Primacredi headquartered?

Accepted Answer

Credisis Primacredi is headquartered in Primavera do Leste, Mato Grosso, Brazil. In April 2021, after five years of construction, the cooperative moved into its new headquarters building in the central region of Primavera do Leste.

Question 4

Where does Credisis Primacredi operate?

Accepted Answer

The cooperative operates across 52 municipalities in Mato Grosso, with direct presence through offices and branches in eight municipalities. These include Primavera do Leste (headquarters), Poxoréu, Gaúcha do Norte, Água Boa, Canarana, Campo Verde, and Confresa. The cooperative's operational area covers more than 1 million people across southeastern, southern, médio Araguaia, and norte Araguaia regions of Mato Grosso. This expanded area of operation was approved by the Brazilian Central Bank in November 2021.

Question 5

What services does Credisis Primacredi offer?

Accepted Answer

Credisis Primacredi offers comprehensive financial services including current accounts, credit cards, loans, investments, insurance, consortiums, and digital banking services. The cooperative provides working capital loans, investment financing, and agricultural credit to support the region's strong agribusiness sector. Digital services include mobile banking applications and online banking platforms accessible through smartphones and computers. The cooperative emphasizes personalized service and competitive rates for both individual and business members.

Question 6

What makes Credisis Primacredi unique?

Accepted Answer

Credisis Primacredi is distinguished as a 100% locally-grown cooperative from Primavera do Leste with over three decades of commitment to regional development and income generation. The cooperative operates on cooperative principles where members are both owners and clients, participating in decision-making and sharing in surplus distributions. Since joining the CrediSIS System in 2021, members benefit from an expanded range of services and technological infrastructure while maintaining the cooperative's focus on local development. The cooperative is celebrating significant growth, with 2023 marking its largest expansion in history.

Question 7

What type of financial institution is Credisis Primacredi?

Accepted Answer

Credisis Primacredi is a cooperativa de crédito (credit cooperative), specifically classified as an independent credit cooperative that became part of the CrediSIS System in 2021. Credit cooperatives in Brazil are financial institutions regulated by the Brazilian Central Bank and the National Monetary Council, operating under cooperative principles where members are owners. The cooperative is structured as a civil society of unlimited membership, without profit-seeking purposes, and operates as a financial institution equivalent to banks but with a cooperative governance structure focused on member benefits rather than shareholder profits.

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