Page 16 - Sicredi Ingles Flipbook

Combining
efforts,
multiplying
results
Our systemic operating model
Sicredi is currently a global reference in the credit union movement thanks to its sys- temic operating model. The System is currently made up of five regional ‘centrals’, each responsible for representing, supervising and advising over 100 independent credit unions within their regions of influence. Each credit union is affiliated to one of the centrals. Na- mely: Sicredi Cooperative Central - South/Southeast; Sicredi Cooperative Central - PR/SP/ RJ; Sicredi Cooperative Central - Central North; Sicredi Cooperative Central - Central Brazil and Sicredi Cooperative Central - North/Northeast.
The regional centrals are the shareholders of SicrediPar - Sicredi Participações S.A., the holding that maintains the System’s credit union structure. SicrediPar allows credit unions to participate in corporate management directly and formally, ensuring greater transparency of the governance framework. Counseled by a body of internal committees, it is responsible for coordinating strategic decisions through a Board of Directors, comprised of twelve members: five central presidents; five directors representing the credit unions, nominated by the centrals; one independent board member; a representative nominated by Rabo Partnership B.V., our international partner. All are elected every three years in a general SicrediPar assembly.
The institution also encompasses several specialized entities: Sicredi Cooperative Bank and its controlled companies – Asset Administrator, Sicredi Cards, Consortium Administrator and an Insurance Broker; Sicredi Confederation; Sicredi Foundation; and Sicredi Guarantee Funds.
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