<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>0186-1042</journal-id>
<journal-title><![CDATA[Contaduría y administración]]></journal-title>
<abbrev-journal-title><![CDATA[Contad. Adm]]></abbrev-journal-title>
<issn>0186-1042</issn>
<publisher>
<publisher-name><![CDATA[Universidad Nacional Autónoma de México, Facultad de Contaduría y Administración]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S0186-10422017000501442</article-id>
<article-id pub-id-type="doi">10.1016/j.cya.2017.05.006</article-id>
<title-group>
<article-title xml:lang="en"><![CDATA[Financial and economic performance of major Brazilian credit cooperatives]]></article-title>
<article-title xml:lang="es"><![CDATA[Desempeño financiero y económico de las principales cooperativas de crédito brasileñas]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Silva]]></surname>
<given-names><![CDATA[Tarcisio Pedro Da]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Leite]]></surname>
<given-names><![CDATA[Mauricio]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Guse]]></surname>
<given-names><![CDATA[Jaqueline Carla]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Gollo]]></surname>
<given-names><![CDATA[Vanderlei]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Regional de Blumenau  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Brazil</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>00</month>
<year>2017</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>00</month>
<year>2017</year>
</pub-date>
<volume>62</volume>
<numero>spe5</numero>
<fpage>1442</fpage>
<lpage>1459</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S0186-10422017000501442&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S0186-10422017000501442&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S0186-10422017000501442&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract: The credit union's main functions are the provision of individual financial loans based on collective savings, reaching up to provide full banking services, with expansion of its social function. Cooperatives are an alternative to supply a credit demand in the market, because a third of the municipalities have no bank branches. Although the participation of cooperatives in credit operations is still small compared to the Brazilian national banking system, its continued growth demonstrates the importance of this sector. In this sense, the analysis of the performance of these cooperatives becomes relevant to the extent that incentives to industry expansion differ from other financial institutions. In this context, this study aimed to analyze which the financial and economic performance of Brazil's largest credit unions. This performance analysis was performed using the indicators proposed by the CAMEL model, then the data envelopment analysis (DEA). It can be seen that there is a positive relationship between the use of variables in the model and the measurement of financial performance of credit unions. Moreover, according to the results, it can be observed that Uniprime Northern Paraná, Sicoob Cocred and Sicredi North RS/SC were cooperatives that stood out as efficient.]]></p></abstract>
<abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen: Las principales funciones de las cooperativas de ahorro y crédito son la provisión de préstamos financieros individuales basados en ahorros colectivos que permiten la prestación de servicios bancarios completos, ampliando su función social. Las cooperativas son una alternativa para abastecer una demanda de crédito en el mercado, ya que un tercio de los municipios no tienen sucursales bancarias. Aunque la participación de las cooperativas en las operaciones de crédito sigue siendo pequeña en comparación con el sistema bancario nacional brasileño, su continuo crecimiento demuestra la importancia de este sector. En este sentido, el análisis del desempeño de estas cooperativas se hace relevante en la medida en que los incentivos a la expansión de la industria difieren de otras instituciones financieras. En este contexto, este estudio tuvo como objetivo analizar cuál es el desempeño financiero y económico de las cooperativas de crédito más grandes de Brasil. Este análisis de desempeño se realizó utilizando los indicadores propuestos por el modelo CAMEL y luego el análisis de envoltura de datos (DEA). Se puede observar que existe una relación positiva entre el uso de variables en el modelo y la medición del desempeño financiero de las cooperativas de ahorro y crédito. Además, según los resultados, se puede observar que Uniprime Norte de Paraná, Sicoob Cocred y Sicredi North RS/SC fueron cooperativas que destacaron por su eficiencia.]]></p></abstract>
<kwd-group>
<kwd lng="en"><![CDATA[Credit cooperatives]]></kwd>
<kwd lng="en"><![CDATA[Financial and economic performance]]></kwd>
<kwd lng="en"><![CDATA[CAMEL]]></kwd>
<kwd lng="en"><![CDATA[G21]]></kwd>
<kwd lng="en"><![CDATA[G30]]></kwd>
<kwd lng="en"><![CDATA[G39]]></kwd>
<kwd lng="es"><![CDATA[Cooperativas de crédito]]></kwd>
<kwd lng="es"><![CDATA[Desempeño financiero y económico]]></kwd>
<kwd lng="es"><![CDATA[CAMEL]]></kwd>
<kwd lng="es"><![CDATA[G21]]></kwd>
<kwd lng="es"><![CDATA[G30]]></kwd>
<kwd lng="es"><![CDATA[G39]]></kwd>
</kwd-group>
</article-meta>
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