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Join as an Ordinary Member:
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Upon joining NTUC Thrift, members are required to make
a deposit of $20 to their Subscription Capital Account.
This Subscription Capital represents your "share" in the co-operative.
The Subscription Capital Account is paid dividend income when it is
declared by the co-operative each year. |
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To be a Thrift member, you have to be:-
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a member of any NTUC affiliated union or co-operative.
Thrift may assist you with your application to join the General
Branch Union; |
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above 18 years of age; |
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Citizens of Singapore or resident in Singapore; and |
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not an undischarged bankrupt or have not been
convicted of any offence punishable with imprisonment. |
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Resignation
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Members are required to give 3 months notice in writing if they intend
to resign as a member. Full redemption of the Subscription Capital is
allowed only upon cessation of membership.
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| "Thrift is committed to cultivate the good habit
of saving amongst its members. Make regular deposits conveniently with monthly
deductions via GIRO. Start with a small monthly deposit into your
savings account and watch it accumulate faster with our higher interest
rates." |
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IMPORTANT
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The co-operative currently has funds/cash resources in excess of what is required to fund our existing business operations.
Given this liquidity situation,our Board rates will be reduced. With effect from 31st
January 2012 the cooperative shall not accept fresh fixed deposit placements or process/open all types of savings
accounts.
We thank you for support.
Please call us at Tel: 65347360 if you require further clarifications
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