On December 28, 1902, in Nova Petrópolis, Rio Grande do Sul, Brazil's first credit cooperative was founded, the beginning of today's Sicredi.
Of the 22 credit cooperatives that existed in 1925, 20 founded the Central das Caixas Rurais da União Popular of the State of Rio Grande do Sul, at a General Meeting in the municipality of Santa Maria.
This law has established normative restrictions on the cooperative banking operations.
This law is known as “Cooperatives Law”, which has defined the Nacional Cooperative Policy and the cooperatives legal regime.
With the new Constitution, cooperatives became more autonomous on its operations, what was desired by the cooperative movement since its origin.
On July 10, 1992, as defined on the Extraordinary General Assembly, the Sicredi brand became the standard for all cooperatives of the cooperative system.
The Bansicredi was build up to allow a better financial autonomy to the system cooperatives and a more integrated and efficient access to the financial markets and special finance programs.
The association to the World Council of Credit Unions was a huge achievement.
Confederação Sicredi is an entity that provides shared infrastructure, services, and processing tools for the system cooperatives.
Corretora de Seguros Sicredi is an insurance company owned by Banco Cooperativo Sicredi and brings more security and tranquility to our associates
Our foundation works to promote the sustainability and cooperation through educational, cultural, cooperative, and sustainable initiatives.
Administradora de Consórcios Sicredi provides Consórcio products for the System members through the System cooperatives.
On October 10, 2009, Sicredi Participações S.A. was founded.
SFG was created to manage the system guarantee funds, which protect the electronic transactions, system entities financial recovery, and the liquidity of demand deposits.
Sicredi has signed up an international partnership with the Rabo Financial Institutions Development BV, a Rabobank Group member, a Dutch Cooperative Bank.
Sicredi has signed up an international partnership with the International Finance Corporation – IFC, a World Bank Group member.
Besides the elaboration of our first Sustainability Policy, was also set up the Central Sustainability Committee, an intrinsic thematic to our corporate culture and business model.
2012 was declared by the United Nations as the International Year of Cooperatives, highlighting the contribution of cooperatives to socio-economic development, particularly their impact on poverty reduction, employment generation and social integration.
A huge achievement for the Brazilian credit cooperativism, the fund is regulated by the National Monetary Council Resolution number 4.284 / 2013.
In line with the authorization from the Central Bank and the National Monetary Council, Sicredi has published its first combined financial statements, a form of accountability that demonstrates the effective size of the System.
We expanded investment possibilities for our associates through Sicredi Asset Management, the responsible firm to manage the portfolio, develop investment strategies, and market evaluation.
In December 2019, the Board of Directors of SicrediPar, the cooperatives and the central cooperatives voted for Sicredi to become a member of the United Nations Global Compact.
Founder of our first cooperative, was officially named patron of Brazilian cooperativism in recognition of his pioneering spirit and importance in spreading the concept.
Sicredi has been with the population, providing the necessary assistance to members, employees and communities in the face of the new Coronavirus (COVID 19).
In support of a forest conservation project, more than 35,000 tons of carbon dioxide were neutralized.
Formed by planned actions, the initiative seeks to bring financial education to the regions where the cooperative financial institution operates, with the aim of directly supporting members and local communities.
An initiative that promotes gender equality, empowerment and the training of women so that they can increasingly take on leading roles in cooperatives and communities.
Sicredi has voluntarily decided to participate in all phases of the implementation, bringing all the benefits of the novelty to its members. As a result, it will be present at all four stages of implementation.
Sicredi won 7th place as the best financial institution in Brazil, the best with a physical and digital presence, with more than 2,000 branches across the country, 300 products and services and the only cooperative in the top 10.
The rating was upgraded from AA+ to AAA.
Aiming to support the democratization of access to investments and demystify variable income operations.
Sicredi is rated "Low Risk" and ranks among the top 20 diversified banks in the world in terms of environmental, social and governance issues according to Morningstar Sustainalytics.
With 88 points, the structure was recertified by LEED with the best score in the country for operation and maintenance.
Raising R$780 million, the funds will be converted into credit for projects aligned with good social and environmental practices.
The new law has modernized several rules for credit cooperatives in Brazil by amending Complementary Law No. 130 of April 17, 2009.
As provided for in the shareholders' agreement, IFC ceased to hold a stake in Banco Cooperativo Sicredi. The shares were repurchased in September 2023 by Sicredi Participações.
Showing the evolution and cooperative essence as a differential in Sicredi’s operating model.
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