POLÍTICA DE DISTRIBUIÇÃO DE SOBRAS EM COOPERATIVAS DE CRÉDITO

Abstract

Credit unions are financial institutions that are increasingly present in people's daily lives because it has attractive rates for both the borrower and the resource savers. It plays the role of social and economic development. They are economic organizations that do not aim for profit. The benefit to the cooperative is mainly due to differences in rates and other services offered and the financial result of the cooperatives has a different role in these organizations. Therefore, we evaluate the policy of distribution of results in Brazilian credit unions. We send structured questionnaires to the singular credit unions that had e-mails registered on the website of the Central Bank of Brazil. The final sample consisted of 58 cooperatives with valid questionnaires. We find that most cooperatives follow the legislation in relation to indivisible reserves and the results are mostly a destination for the capital account. The findings indicate that Brazilian credit unions have prioritized the growth of the equity. It emphasizes, therefore, the importance of the equity for these institutions and policy of retention of results.