NTUC Thrift and Loan Co-operative Limited was registered on 24th April
1998 as a Co-operative Society under the Co-operative Societies Act and
the jurisdiction of the Ministry of Community Development of Singapore.
The co-operative was founded by the National Trades Union Congress
(NTUC) and is supported by the Singapore Labour Foundation (SLF), trade
unions and cooperatives of the NTUC and its affiliates.
NTUC Thrift is a credit co-operative serving the financial needs of its
members. |
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| Objectives |
The primary objectives of
NTUC Thrift are:
- to promote the economic interest of its members
- to encourage thrift and savings among its
members
- to receive and accept deposits from members
- to offer loans to its members on reasonable
terms
- to maximise shareholders' returns
Its mission is to inculcate the good habit of thrift to ordinary
members. With higher interest rates on savings and deposits and lower
loan charges, NTUC Thrift aim to stretch the economic dollar of its
members. |
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