Question 1

What is Cooperativa de Crédito dos Funcionários da AstraZeneca do Brasil?

Accepted Answer

Cooperativa de Crédito dos Funcionários da AstraZeneca do Brasil (commonly known as Coopaz) is an employee credit cooperative serving AstraZeneca employees in Brazil. It is a mutual credit cooperative (cooperativa de economia e crédito mútuo) - a financial institution without profit motives, established to provide financial services exclusively to employees of AstraZeneca do Brasil and related entities.

As a closed-bond credit cooperative, Coopaz operates under Brazilian Central Bank authorization and follows the regulatory framework established for employee-based financial cooperatives in Brazil.

Question 2

When was Cooperativa de Crédito dos Funcionários da AstraZeneca do Brasil founded?

Accepted Answer

[Information not publicly available]. While the cooperative is registered with the Brazilian Central Bank and has been operating as a regulated financial institution, specific founding date information is not publicly disclosed.

Question 3

Where is Cooperativa de Crédito dos Funcionários da AstraZeneca do Brasil headquartered?

Accepted Answer

The cooperative is headquartered in Cotia, São Paulo, Brazil, at the same location as AstraZeneca's Brazilian operations. AstraZeneca's facilities in Cotia cover approximately 60,000 square meters and house commercial, manufacturing, and distribution operations. The cooperative serves employees working at this location, which is situated at Rodovia Raposo Tavares, Km 26.9, in the Moinho Velho district.

Question 4

Where does Cooperativa de Crédito dos Funcionários da AstraZeneca do Brasil operate?

Accepted Answer

Coopaz operates primarily in São Paulo state, serving AstraZeneca employees based at the company's Cotia facilities. As an employee credit cooperative with a closed membership bond, its geographic scope is defined by AstraZeneca's employment footprint in Brazil.

The cooperative's operations are centered around serving its member-employees regardless of their specific work location, as long as they maintain their employment relationship with AstraZeneca do Brasil.

Question 5

What services does Cooperativa de Crédito dos Funcionários da AstraZeneca do Brasil offer?

Accepted Answer

Coopaz provides a range of financial services to its member-employees, including:

Credit Products: Personal loans with payroll deduction, emergency credit lines, and financing options with competitive interest rates below market standards.

Savings Programs: Capital integration programs where members contribute monthly through payroll deductions, building their cooperative capital share that serves as the basis for credit access.

Digital Banking Services: The cooperative offers the Coopaz mobile app (available on both iOS and Android platforms) for online banking services. Members can access account statements, loan applications, tax documentation, tariff information, and manage passwords through the digital platform.

Insurance and Consortium Services: Vehicle insurance and consortium programs for planned purchases of high-value assets.

The cooperative emphasizes simplified access to credit without SERASA credit bureau checks (within technical limits), transparent operations, and lower operational costs compared to traditional banks.

Question 6

What makes Cooperativa de Crédito dos Funcionários da AstraZeneca do Brasil unique?

Accepted Answer

Several distinctive features set Coopaz apart:

Exclusive Employee Focus: Unlike open-membership cooperatives, Coopaz exclusively serves AstraZeneca employees, creating a highly specialized financial institution tailored to the specific needs of its membership base.

Payroll-Integrated Operations: All capital contributions and loan repayments are seamlessly integrated with AstraZeneca's payroll system, providing convenience and ensuring payment regularity.

No Profit Motive: As a true cooperative, Coopaz operates without profit objectives, with any surplus being distributed back to members or reinvested in the cooperative's services.

Democratic Management: The cooperative is administered and controlled by its own members, ensuring that decisions reflect the interests of the employee-owners rather than external shareholders.

Preferential Interest Rates: Members benefit from significantly lower interest rates compared to commercial banks, with the same rates applied across all salary levels, promoting financial equity among members.

Question 7

What type of financial institution is Cooperativa de Crédito dos Funcionários da AstraZeneca do Brasil?

Accepted Answer

Coopaz is classified as a Cooperativa de Economia e Crédito Mútuo (Mutual Economy and Credit Cooperative) under Brazilian financial regulations. This is a specific type of credit union authorized by the Brazilian Central Bank to operate as a non-banking financial institution.

Within the Brazilian cooperative credit system, it falls under the category of employee credit cooperatives (cooperativa de crédito de empregados), which are characterized by closed membership bonds restricted to employees of specific companies or corporate groups. These institutions are regulated by the Central Bank of Brazil (Banco Central do Brasil) under Resolution 2771/2000 and subsequent regulations governing the National Cooperative Credit System (Sistema Nacional de Crédito Cooperativo - SNCC).

Unlike universal banks or commercial financial institutions, employee credit cooperatives are member-owned, democratically governed, and operate under the principle of mutual aid among associates.

Question 8

What is the governance structure of Cooperativa de Crédito dos Funcionários da AstraZeneca do Brasil?

Accepted Answer

Coopaz operates under a cooperative governance model mandated by Brazilian law for credit cooperatives. The structure includes:

General Assembly: The supreme decision-making body composed of all cooperative members, responsible for major decisions including approval of annual accounts, distribution of surpluses, election of board members, and statutory changes.

Board of Directors (Conselho de Administração): Responsible for setting strategic direction, establishing operational policies, and overseeing the cooperative's management.

Fiscal Council (Conselho Fiscal): An independent oversight body that monitors the cooperative's financial activities, examines accounts, and ensures compliance with regulations and internal policies.

This democratic structure ensures that all member-employees have a voice in the cooperative's operations and that management remains accountable to the membership rather than external investors.

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Cooperativa de Crédito dos Funcio­nários da AstraZeneca do Brasil