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Financial

Banking

Sicoob

About Company

Overview

Information

Review

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Sicoob

Brazil

11 Apr 1996 (29 Years)

38 Reviews

Safe

3.11/5

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Verification on TrustFinance

0.00

Traffic & Engagement

4.33

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License

Warning

This company is currently unproved. Please be cautious of the potential risks!

What are the differences in regulations for each ?

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

License

Warning

This company is currently unproved.

Please be cautious of the potential risks!

What are the differences in regulations for each ?

Company Information

Get to know Sicoob

Sicoob is the country's largest cooperative financial system with more than 4.2 million cooperatives, with 2,800 service points distributed throughout Brazil. It is composed of financial cooperatives and support companies, which jointly offer to the cooperative services of current account, credit, investment, cards, pension, consortium, insurance, bank collection, acquiring electronic means of payment, among others. That is, it has all the banking products and services, but it is not bank. It is a financial cooperative, where the clients are the owners and therefore the financial results are divided among the cooperative. Deposits in financial cooperatives are protected by the Credit Cooperative Guarantee Fund (FGCoop). This fund guarantees the deposits and credits held in individual credit cooperatives and cooperative banks in case of intervention or extrajudicial liquidation of these institutions. Currently, the limit value of this protection is the same as for depositors of banks.

HQ Location

Brasília, Rio Grande do Norte

Reviews

Highlight Review

Review Analytic

OLAYINKA PELUMI EMMANUEL

Direct review

Excellent

Overall Thought

Sicoob stands out as a reliable financial partner. Its community-focused approach and diverse range of services cater to both individual and business needs. With a strong emphasis on cooperative values, Sicoob offers personalized solutions that foster financial growth and stability. A trusted institution that truly puts its members first.

Aug 28, 2023

goodbash3

Direct review

Excellent

Overall Thought

Sicoob impresses with its exceptional financial services. Their customer-centric approach fosters trust, and their wide range of offerings, from banking to credit solutions, cater effectively to diverse needs. With a robust online platform, Sicoob ensures convenient access, while their commitment to community development showcases their positive impact. Overall, Sicoob stands out for its reliability, innovation, and dedication to both its members and the larger community.

Aug 17, 2023

officialbig

Direct review

Excellent

Overall Thought

Sicoob is a reliable and customer-focused cooperative bank. With its extensive network of branches and ATMs, it offers convenient banking services to individuals and businesses. Sicoob's commitment to community development and personalized approach make it a trusted choice for banking needs.

Aug 15, 2023

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Sicoob

Reviews

| Total 38

Reviews

| Total 38

AI Review analysis

Let’s TrustFinance AI Summarize all the reviews for you.

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Sani Samaila

Direct review Dot icon

30 Aug

Overall Thought

Excellent

Sicoob is an impressive financial cooperative that offers a wide range of services. Sicoob's commitment to community development and personalized approach make it a trusted choice for banking needs.

OLAYINKA PELUMI EMMANUEL

Direct review Dot icon

28 Aug

Overall Thought

Excellent

Sicoob stands out as a reliable financial partner. Its community-focused approach and diverse range of services cater to both individual and business needs. With a strong emphasis on cooperative values, Sicoob offers personalized solutions that foster financial growth and stability. A trusted institution that truly puts its members first.

Onawoscopy

Direct review Dot icon

27 Aug

Overall Thought

Excellent

Sicoob is a reputable cooperative bank that prioritizes the needs of its members. With a wide range of financial products and personalized service, Sicoob stands out as a reliable choice for individuals and businesses.

anasumareee

Direct review Dot icon

27 Aug

Overall Thought

Excellent

Sicoob stands out for its excellent financial services. Their member-focused approach, diverse offerings, and community involvement make them a top choice. Impressed by their commitment to customer satisfaction and cooperative values.

kolawole

Direct review Dot icon

27 Aug

Overall Thought

Excellent

Very good and reliable platform with best technology

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