sicoob portocredi

Sicoob Central SC/RS is the central entity for the Sicoob credit union system in the Brazilian states of Santa Catarina and Rio Grande do Sul. As a second-tier cooperative, it provides support, services, and strategic direction to affiliated local cooperatives. In 2023, Sicoob Central SC/RS completed the acquisition of Portocredi S.A. Crédito, Financiamento e Investimento, a financial institution founded in 1996 and specializing in payroll-deductible loans. This strategic acquisition integrated Portocredi's operations and expertise into the Sicoob system, significantly expanding its market share in the personal credit sector within the region. The company operates under the cooperative principles of democratic member control, economic participation, and concern for the community.