Wallets/sicredi
Sicredi
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Overview
Sicredi is Brazil's first cooperative bank initiative + 8M+ members + 100+ credit cooperatives federation + Sicredi present in all regions of Brazil [1, 2, br-cro]. 2025 baseline: Sicredi 8M+ members + 100+ credit cooperatives federation + Sicredi present in all regions of Brazil + 300+ products and services; AIIB partnership for renewable energy financing 2025 distinctive Brazilian cooperative bank ESG strategy.
Distinctive Sicredi positioning:
- Brazil's first cooperative bank initiative (Banco Cooperativo Sicredi S.A. since 1995 Brazil's first cooperative bank initiative)
- 8M+ members distinctive Brazilian cooperative bank scale
- 100+ credit cooperatives federation distinctive Brazilian cooperative bank decentralized structure
- Sicredi present in all regions of Brazil distinctive Brazilian cooperative bank geographic coverage
- 300+ products and services distinctive Brazilian cooperative bank comprehensive offering
- Members not clients distinctive Brazilian cooperative bank membership-driven model
- AIIB partnership for renewable energy financing 2025 distinctive Brazilian cooperative bank ESG strategy
History
1902 — Brazil's first credit cooperative founded as Caixa de Economia e Empréstimos de Nova Petrópolis in Rio Grande do Sul by Father Theodor Amstad post-Brazilian credit cooperative pioneer movement.
1980 — Sicredi system founded as Brazilian credit cooperative system.
1995 — Banco Cooperativo Sicredi S.A. founded as Brazil's first cooperative bank initiative.
2014 — Sicredi mobile banking app launches as Brazilian cooperative bank mobile-first banking.
2025 — Sicredi 8M+ members + 100+ credit cooperatives federation + 300+ products and services + AIIB partnership for renewable energy financing [1, 2, 3].
Ownership & operator
Operating entity: Banco Cooperativo Sicredi S.A. (Brazil's first cooperative bank; 100+ credit cooperatives federation).
Major shareholders: 100+ Sicredi credit cooperatives federation (members not shareholders; cooperative bank membership-driven model) + Sicredi central cooperatives + Banco Cooperativo Sicredi S.A. as cooperative bank service provider.
Regulators: BCB (Banco Central do Brasil) + CVM.
Technical integration
Sicredi mobile banking app (iOS + Android) + sicredi.com.br online + Sicredi cooperative branch network across all Brazilian regions + Sicredi Visa + Mastercard cards; Pix + EMV QRCode; Sicredi members can check balance and account statements, pay or schedule bills and taxes, make investments, take out loans, perform transfers, see credit or debit card information, and access mobile token and QR code services distinctive Brazilian cooperative bank comprehensive mobile banking.
Users & growth
2025: Sicredi 8M+ members + 100+ credit cooperatives federation + Sicredi present in all regions of Brazil + 300+ products and services.
Use cases
Brazilian retail + private + SME + commercial + cooperative + agribusiness banking via Sicredi mobile + sicredi.com.br online + Sicredi cooperative branch network across all Brazilian regions + Visa/Mastercard cards; Pix + EMV QRCode; 300+ products and services + cooperative bank membership-driven model + AIIB partnership for renewable energy financing 2025 distinctive Brazilian cooperative bank ESG strategy.
Implementations & partners
Operator: Banco Cooperativo Sicredi S.A. (Brazil's first cooperative bank; 100+ credit cooperatives federation); 100+ Sicredi credit cooperatives federation (members not shareholders; cooperative bank membership-driven model) + Sicredi central cooperatives + Banco Cooperativo Sicredi S.A. as cooperative bank service provider.
ESG partnership: AIIB (Asian Infrastructure Investment Bank) partnership for renewable energy financing 2025 distinctive Brazilian cooperative bank ESG strategy.
Major Brazilian cooperative bank + private + state-owned bank competitors: [[sicoob]] (Brazil's largest cooperative financial system by members; 5M+ members; 280+ credit cooperatives federation) + [[bancoob]] (Brazilian cooperative bank federation) + [[banco-itau]] (Itaú Unibanco's mobile banking; B3: ITUB4; NYSE: ITUB; Brazil's largest private bank by assets) + [[bradesco]] (Brazil's second-largest private bank by assets; B3: BBDC4; NYSE: BBD) + [[banco-do-brasil]] (Brazil's largest bank by assets; B3: BBAS3; state-controlled) + [[caixa-tem]] (Caixa Econômica Federal mobile banking; Brazil's #2 bank by assets; state-controlled) + [[santander-brasil]] (Banco Santander Brasil; 19M+ digital banking customers) + [[nubank]] (Brazil's largest neobank; NYSE: NU; 131M+ customers).
Regulators: BCB + CVM.
Fun facts
- Brazil's first cooperative bank initiative (Banco Cooperativo Sicredi S.A. since 1995 Brazil's first cooperative bank initiative).
- 8M+ members distinctive Brazilian cooperative bank scale.
- 100+ credit cooperatives federation distinctive Brazilian cooperative bank decentralized structure.
- Sicredi present in all regions of Brazil distinctive Brazilian cooperative bank geographic coverage.
- 300+ products and services distinctive Brazilian cooperative bank comprehensive offering.
- Members not clients distinctive Brazilian cooperative bank membership-driven model.
- AIIB partnership for renewable energy financing 2025 distinctive Brazilian cooperative bank ESG strategy.
Comparison
| Feature | Sicredi | [[sicoob]] (Brazil's largest cooperative financial system by members rival; 5M+ members; 280+ credit cooperatives federation) | [[banco-do-brasil]] (Brazil's largest bank by assets rival; state-controlled) | [[banco-itau]] (Brazil's largest private bank by assets rival; Itaú Superapp) | [[nubank]] (Brazil's largest neobank rival; 131M+ customers across BR + MX + CO Q3 2025) |
|---|---|---|---|---|---|
| Operator | Banco Cooperativo Sicredi S.A. (Brazil's first cooperative bank; 100+ credit cooperatives federation) | Sicoob (Brazilian cooperative bank federation; 280+ credit cooperatives federation) | Banco do Brasil S.A. (B3: BBAS3; Brazilian government majority controlling) | Itaú Unibanco Holding S.A. (B3: ITUB4; NYSE: ITUB; Brazil's largest private bank by assets) | Nu Holdings Ltd. (NYSE: NU; Brazil's largest neobank) |
| Type | Brazil's first cooperative bank initiative + 8M+ members + 100+ credit cooperatives federation + Sicredi present in all regions of Brazil + 300+ products and services + Members not clients + AIIB partnership for renewable energy financing 2025 | Brazil's largest cooperative financial system by members + 5M+ members + 280+ credit cooperatives federation | Brazil's largest bank by assets + state-controlled + BB mobile banking | Itaú Superapp 10M+ customers migrated Jun 2025 + 20M app users + 97% individual transactions digital channels + Itaú Brazil's largest private bank by assets + #1 banking app performance ranking 2025 | Brazil's largest neobank + 131M+ customers across BR + MX + CO Q3 2025 + Mexico 13.1M customers Q3 2025 ~14% MX adult population + Colombia 3.8M customers Q3 2025 ~10% CO adult population |
| Country | BR | BR | BR + AR + US + JP + UK | BR + CL + AR + UY + PY + US + CL + others | BR + MX + CO |
| Distinctive | 1902 Brazil's first credit cooperative founded as Caixa de Economia e Empréstimos de Nova Petrópolis in Rio Grande do Sul by Father Theodor Amstad; 1980 Sicredi system founding; 1995 Banco Cooperativo Sicredi S.A. founding (Brazil's first cooperative bank initiative); 2014 Sicredi mobile banking app launch; 2025 AIIB partnership for renewable energy financing | 1996 Sicoob founding; Brazilian #2 cooperative bank federation by members | 1808 Banco do Brasil founding (oldest Brazilian bank) | 1944 Itaú founding; 1995 Unibanco-Itaú renaming; 2008 Itaú-Unibanco merger; Jul 2024 Itaú Superapp launch | 2013 Nubank founding by David Vélez + Cristina Junqueira + Edward Wible in São Paulo; Dec 9 2021 NYSE IPO; 2018 Nu Mexico launch; 2020 Nu Colombia launch |
Status
Active, Brazil's first cooperative bank initiative + 8M+ members + 100+ credit cooperatives federation [1, 2, 3]:
- Banco Cooperativo Sicredi S.A. (Brazil's first cooperative bank; 100+ credit cooperatives federation) since 1902 Brazil's first credit cooperative founded + 1980 Sicredi system founding + 1995 Banco Cooperativo Sicredi S.A. founding (Brazil's first cooperative bank initiative) + 2014 Sicredi mobile banking app launch.
- Sicredi 8M+ members + 100+ credit cooperatives federation + 300+ products and services.
- AIIB partnership for renewable energy financing 2025 distinctive Brazilian cooperative bank ESG strategy.
- BCB + CVM regulated.
Sources
- 1 We are the first Financial Cooperatives initiative in Brazil — Sicredi
- 2 AIIB Partners with Brazil's First Co-operative Bank to Boost Renewable Energy Financing — AIIB
- 3 About us — Sicredi
- br-cro In-corpus:
reports/countries/BR-brazil.md
Source
Biography extracted from sicredi.md. See matrix.md for standards-support matrix if present.