Credit Co-operatives

Credit Co-operatives, or Thrift and loan societies, are co-operatives that encourage thrift by accepting deposits from members and assisting members with loans on reasonable terms. A thrift and loan society is an association of persons who are grappling with the same economic challenges and who join together on a basis of equal rights and obligations through a democratically controlled enterprise.

Majority of the credit co-operatives are work-based where employees of the organisation are recruited as members of the co-operative. As a form of staff benefits, organizations offer check-off system, which enable deductions of staff monthly salaries for contributions towards their subscription accounts and loan repayments with their co-operatives.

Today, credit co-operatives play an important role in upgrading the economic and social status of their members.

Objectives of the Credit Co-operatives

  • Prevent permanent indebtedness of its members by enabling them to obtain loans on reasonable terms. Different types of loans are offered to members: personal loan, education loan, housing loan and travel loan;
  • Encourage thrift, they offer savings and fixed deposit schemes to members at competitive interest rates
  • Assist members to reduce the cost of living and improve their economic needs.


View the list of Credit Co-operatives here.

NTUC Co-operatives

These co-operatives, formed by the National Trades Union Congress (NTUC), provide childcare, housing, aged day care, food courts, supermarkets, insurance, pharmaceutical products, family clinics and dental services, print and broadcast media and thrift and loan services to members. They are formed by the Labour Movement with the primary purpose to serve workers and their families. The NTUC co-operatives themselves have a combined turnover of S$4 billion and 10,000 employees.


View the list of NTUC Co-operatives here.

Service Co-operatives

This Sector consists of co-operatives providing a wide range of services to their members. The types of services provided include environmental services, security, travel, aged care, management corporation and welfare.


View the list of Service Co-operatives here.

Campus Co-operatives

Campus co-operatives are co-operatives operating in the campuses of schools, colleges, polytechnics and universities. With the advice and assistance of teachers, campus co-operatives offer students first-hand experience of running a co-operative on economic and co-operative principles.

Campus co-operatives' membership is open to students, teachers, lecturers and staff of secondary schools, junior colleges, polytechnics and universities. These co-operatives provide a variety of services to their members such as sale of books, stationery, IT services, sports goods, canteen services, travel etc.

Objectives of the Campus Co-operatives

  • Promote the economic interests of its members.
  • Encourage thrift, co-operation, self-help and mutual assistance among its members.
  • Promote and popularize the buying and selling of educational materials, consumer goods and services on a co-operative basis.
  • Establish and operate such co-operative schemes, ventures or projects subject to the approval of the registrar.
  • Develop entrepreneurial skills of members through exposure to various types of co-operative activities.
  • Inculcate in members self-discipline, self-reliance, responsibility and accountability and to provide opportunities for total character development.

Campus Co-operative as a co-curricular activity

The educational values and experience gained by the students were also recognised by Ministry of Education. The Ministry has in fact endorsed the students' participation in campus co-operative as a Co-Curricular Activity (CCA). Students who involve in this activity can qualify for bonus points in the CCA Grading Scheme. The Ministry has also left the formation of such co-operatives to schools and colleges.


View the list of Campus Co-operatives here.