Cooperative financial institution wins 121,000 new members
Sicredi’s growth trajectory has been strengthened every month with the increase in the number of members. In March of this year alone, it gained 121,000 new members, which represents a growth of 24% compared to the same month in 2022.
At the same time as it has been evolving in the experience of the digital journey of its 6.7 million members, Sicredi continues to expand the number of branches, currently totaling 2.4 thousand, and maintains a close relationship with members, in all Brazilian states.
“The physical presence and functioning of our 108 cooperatives is conducive to the socio-economic development of municipalities because they maintain a strong connection with their members and understand the realities of each region. In addition, our digital presence has increasingly enabled members to choose how they want to interact with and through Sicredi, And the ability to use not only this branch network, but also our applications and other online service channels.With this, we have been able to change the lives of more people and companies, and expand the positive impact generated by our business model.Odair Dalagasperina, Executive Director of Product and Business at Sicredi, says: The genuine concern is the success and prosperity of the member, and the contribution to the development of the region, in which resources are reinvested.
In 2022, the total value added in society of Sikredi is R$40.9 billion. This amount consists of the direct economic value generated by R$32.6 billion – revenue applied to paying operating costs, wages, employee benefits and payments to providers of capital and the government, as well as community investments – added to savings generated by the use of Sicredi credit products, in connection with products from other institutions , with an approximate value of R$8.3 billion.
About Sicredi
Sicredi is a cooperative financial institution committed to the growth of its members and the development of the regions in which it operates. It has a management model that estimates the participation of more than 6.5 million colleagues, who play the role of business owners. With more than 2,400 branches, Sicredi is present in virtually all Brazilian states and in the Federal District, offering more than 300 financial products and services.
Sicredi website: click here
from the central press
Charlotte Whitmore is a contributor at Mediarunsearch.co.uk, covering a broad range of topics including news, politics, business, technology, sport, entertainment, and lifestyle. She focuses on delivering clear, balanced reporting and practical information that helps readers stay informed about current events and emerging developments. Her work highlights stories that matter to everyday audiences, with an emphasis on accuracy, relevance, and accessible journalism that keeps readers connected to the issues shaping the UK and beyond.