Question 1

What is Sicoob Tocantins?

Accepted Answer

Sicoob Tocantins is a credit cooperative (Cooperativa de Crédito de Livre Admissão) operating in the state of Tocantins, Brazil. As part of the larger Sicoob system (Sistema de Cooperativas Financeiras do Brasil), it is the largest credit cooperative in Tocantins. The institution operates under a free admission regime, serving members from diverse professional backgrounds rather than being restricted to specific sectors.

The cooperative is a member of the National Financial System and affiliated with the Sicoob Goiás Central (Sistema de Crédito Cooperativo de Goiás). As of recent data, Sicoob Tocantins serves over 26,540 cooperative members and more than 15,700 savers across 18 branches throughout the state.

Question 2

When was Sicoob Tocantins founded?

Accepted Answer

Sicoob Tocantins was founded on March 12, 1991, under the original name Credipar. The cooperative was established with the objective of mobilizing capital for producers who were part of Coopernorte (Cooperativa Agropecuária Tocantinense).

The institution began with approximately 25 members and three employees. In November 1999, Credipar affiliated with the Central de Goiás, significantly expanding its product and service offerings. In February 2006, following a system-wide rebranding, Credipar adopted the Sicoob brand and became known as Sicoob Credipar.

On May 31, 2010, the cooperative achieved a major milestone when the Central Bank of Brazil authorized it to operate under a free admission regime, allowing it to serve professionals from all sectors rather than exclusively rural producers. On January 23, 2020, members approved a name change in an Extraordinary General Assembly, with the cooperative becoming Sicoob Tocantins. This change was homologated by the Central Bank on March 12, 2020, and registered with the Tocantins Commercial Board on May 8, 2020.

Question 3

Where is Sicoob Tocantins headquartered?

Accepted Answer

Sicoob Tocantins is headquartered in Paraíso do Tocantins, in the state of Tocantins, Brazil. The cooperative's main office is located on Avenida Bernardo Sayão.

The institution inaugurated its own headquarters building in Paraíso do Tocantins on March 12, 2002, marking an important milestone in its development and growth.

Question 4

Where does Sicoob Tocantins operate?

Accepted Answer

Sicoob Tocantins operates exclusively within the state of Tocantins, Brazil, maintaining a network of 18 branches across multiple municipalities. The cooperative has a presence in the following cities throughout Tocantins: Araguaína, Barrolândia, Cristalândia, Divinópolis, Dois Irmãos, Gurupi, Marianópolis, Miranorte, Pium, Porto Nacional, Fátima, and Lagoa da Confusão.

Additionally, there are branches in Luzimangues, two branches in Paraíso do Tocantins (one in the city center and one in the Pouso Alegre sector), and two branches in Palmas (one on Avenida JK and one in Jardim Aureny III). The cooperative also operates a digital branch, extending its reach throughout the state.

The network serves more than 178,600 transactions annually, averaging approximately 15,000 transactions per month.

Question 5

What services does Sicoob Tocantins offer?

Accepted Answer

Sicoob Tocantins provides a comprehensive range of financial services typical of credit cooperatives and financial institutions in Brazil. These services include checking accounts, savings accounts, credit products, debit and credit cards, investments, private pension plans, consortiums, insurance products, and payment services.

The cooperative offers rural credit, which remains an important component of its service portfolio given its origins serving agricultural producers. Members can also access bill payment services, electronic fund transfers (including Pix, TED, and DOC), and collection services.

Digital services are accessible through multiple channels including the Sicoob mobile app, which allows members to manage accounts, make payments, transfer funds, and access credit products. Members can also use the Sicoobcard app for card management, the Sicoob Moob app for cooperative updates and virtual assemblies, internet banking services, and Alice, an AI-powered virtual assistant available 24/7 via the app or WhatsApp.

The cooperative provides access to the Sicoob network of over 6,000 ATMs across Brazil, as well as the Banco24Horas and Cirrus networks for cash withdrawals and other transactions.

Question 6

What makes Sicoob Tocantins unique?

Accepted Answer

Sicoob Tocantins is distinguished as the largest credit cooperative in the state of Tocantins and is a genuinely local institution, deeply rooted in the regional economy. Unlike traditional banks, members are not simply customers but cooperative owners who participate democratically in decision-making and share in the financial results.

The cooperative's mission emphasizes promoting innovative and sustainable solutions through cooperation, with a vision to be a reference in cooperativism while promoting economic and social development for people and the community. Its core values include transparency, commitment, respect, ethics, solidarity, and responsibility.

The institution's transformation from a rural-focused cooperative to a free admission cooperative in 2010 demonstrates its adaptability and commitment to serving diverse community needs. This transition allowed it to expand beyond agricultural producers to serve professionals from all sectors while maintaining reduced bureaucracy compared to conventional banks.

Sicoob Tocantins is affiliated with the broader Sicoob system, Brazil's largest credit cooperative system, which provides members access to a national network of services while maintaining local governance and decision-making.

Question 7

What type of financial institution is Sicoob Tocantins?

Accepted Answer

Sicoob Tocantins is a credit cooperative (Cooperativa de Crédito) operating under the free admission model (Livre Admissão). In Brazil, credit cooperatives are financial institutions regulated by the Central Bank of Brazil and are part of the National Financial System.

As a limited liability cooperative society (sociedade cooperativista de responsabilidade limitada), it operates on cooperative principles where members are simultaneously owners and users of the services. The free admission designation means the cooperative can accept members from any professional sector, rather than being restricted to specific occupational groups or geographic areas within Tocantins.

Credit cooperatives in Brazil differ from traditional banks in their governance structure, profit distribution, and community focus. Members participate in general assemblies, elect leadership, and receive a share of the financial results proportional to their use of services rather than capital contribution alone.

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