This work describes the synthesis and characterization of two new compounds with ligand opy (N-(2-pyridyl)oxamate): the copper(II) precursor [Me4N]2[Cu(opy)2].5H2O and CoII CuII coordination polymer {[CoCu(opy)2]}n×4nH2O. This latter compound was obtained by reaction of [Me4N]2[Cu(opy)2].5H2O and CoCl2.6H2O in water. The heterobimetallic CoII CuII chain was characterized by elemental analysis, IR spectroscopy, thermogravimetry and magnetic measurements. Magnetic characterization revealed typical behavior of one-dimensional (1D) ferrimagnetic chain as shown in the curves of temperature (T) dependence of magnetic susceptibility (χM), in the form of χMT versus T, and dependence of magnetization (M) with applied field (H).