Question 1

What is Sicoob Costa do Descobrimento?

Accepted Answer

Sicoob Costa do Descobrimento is a credit cooperative operating in Brazil as part of the Sicoob (Sistema de Cooperativas de Crédito do Brasil) network, the largest credit cooperative system in the country. The cooperative serves members in the Costa do Descobrimento (Discovery Coast) region of Bahia, an area known for its historical significance as one of the first landing sites of Portuguese explorers in Brazil.

As a member-owned financial institution, Sicoob Costa do Descobrimento operates under cooperative principles providing comprehensive banking services to individuals and businesses in southern Bahia.

Question 2

When was Sicoob Costa do Descobrimento founded?

Accepted Answer

Sicoob Costa do Descobrimento was founded on February 1, 1996. The cooperative was established to serve communities in the Discovery Coast region of Bahia, providing accessible financial services through the cooperative credit model.

Over nearly 30 years of operation, it has expanded to serve multiple municipalities throughout the region.

Question 3

Where is Sicoob Costa do Descobrimento headquartered?

Accepted Answer

Sicoob Costa do Descobrimento is headquartered in Itamaraju, Bahia, Brazil. The main office is located at Praça da Independência, 60, Centro, Itamaraju.

The cooperative maintains its administrative center in this important regional municipality.

Question 4

Where does Sicoob Costa do Descobrimento operate?

Accepted Answer

Sicoob Costa do Descobrimento operates in ten municipalities across southern Bahia, including Itamaraju (with two branches in Cidade Baixa and Cidade Alta), Prado, Alcobaça, Itabela, Eunápolis, Porto Seguro, Camacã, Caravelas, and Jucuruçu. This extensive branch network serves both coastal communities and inland municipalities.

The cooperative's coverage area encompasses the Discovery Coast region, providing financial services to diverse communities including tourist destinations, agricultural areas, and urban centers.

Question 5

What services does Sicoob Costa do Descobrimento offer?

Accepted Answer

Sicoob Costa do Descobrimento offers a comprehensive portfolio of financial products and services including checking and savings accounts, personal and business credit lines, rural and agribusiness financing, credit cards, investments, insurance, pension plans, and consortium services. The cooperative provides credit solutions tailored to local economic activities including tourism, agriculture, and commerce.

Digital services include the Sicoob mobile app for account management, PIX transactions, transfers, bill payments, and investment access. Members can conduct transactions through the cooperative's ten branch locations, ATMs, digital platforms, and correspondent networks.

Question 6

What makes Sicoob Costa do Descobrimento unique?

Accepted Answer

Sicoob Costa do Descobrimento operates under the cooperative ownership model where members are owners with voting rights and participation in profit distribution through sobras (surplus). The cooperative's extensive presence across ten municipalities in the Discovery Coast region makes it a significant financial institution for this historically and economically important area of Bahia.

The cooperative serves diverse communities including coastal tourist destinations like Porto Seguro and agricultural municipalities, demonstrating its commitment to regional economic development. As part of the Sicoob network, members benefit from national infrastructure while receiving personalized local service.

Question 7

What type of financial institution is Sicoob Costa do Descobrimento?

Accepted Answer

Sicoob Costa do Descobrimento is a Cooperativa de Crédito (Credit Cooperative), classified as a cooperativa de crédito singular (singular credit cooperative) under Brazilian financial regulations. Credit cooperatives in Brazil are member-owned financial institutions regulated by the Central Bank of Brazil (Banco Central do Brasil).

The cooperative is affiliated with Sicoob Central-BA, the central cooperative for Bahia, and operates within the broader Sicoob system that provides centralized services and support.

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Sicoob Costa do Descob­rimento