Page 8 - Sicredi Ingles Flipbook

History
• Constitution
of the first credit union in Latin America, based in Nova Petrópolis/
RS, the current Sicredi Pioneira RS.
1902
1925
• Establishment of Central das Caixas Rurais da União Popular do Rio Grande do Sul, currently Sicredi Metropolitan Union RS.
• Over 500 credit unions operating throughout Brazil.
1960 1964
• Reformulation of the National Financial System (Law no 4.595/1964), which established regulatory restrictions
on credit cooperation operations.
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