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20 delegates from 8 Credit Co-operatives in Singapore attended the recent Asian Credit Union Forum (ACCU) which was back in Nepal after 15 years. There were a total of 336 delegates from 25 countries at the annual gathering of credit co-operators held from September 12 to 14, 2013 in Kathmandu. ACCU 2103 was organised by the Association of Asian Confederation of Credit Union and hosted by Nepal Federation of Savings and Credit Co-operative Unions Ltd and National Co-operative Bank Ltd of Nepal.

The programme comprised Credit Union Visits to Credit Co-ops in Nepal. Some of our Singapore Credit Co-operators visited the biggest Credit Co-op, Bindahvasini Savings Co-operative Society Ltd, while others visited Budol Samudayik Savings Co-operative Society Ltd.

Credit Co-operative leaders and subject matter experts shared their experiences and views on a wide spectrum of topics in these 3 tracks: Leadership, Organization and Market (members).  A particular topic which struck a chord with delegates was “Winning Youth Marketing Strategies Appropriate for your Credit Union”.  It gave insights on how Generation Y thinks and behaves, how credit co-operatives may be endorsed by the Gen Y peers and how Credit Co-ops may reach out to the already technology savvy Generation Y of the society by being truthful and real.  Another topic which grabbed everyone’s attention was “Delinquency Revealed: Taking tough verdict to control loan delinquency in Credit Unions”. This topic explored why delinquency is a critical issue in credit unions and how credit co-operatives need to manage it to stay sustainable.

Singapore credit co-operatives represented at ACCU 2013 included:

  1. AUPE Multi-Purpose Co-operative Ltd
  2. Citiport Credit Co-operative Ltd
  3. Customs Credit Co-operative Society (S) Ltd
  4. Singapore Government Staff Credit Co-operative Ltd
  5. Singapore Mercantile Co-operative Ltd
  6. Singapore Shell Employees’ Union Co-operative Ltd
  7. Singapore Teacher’s Co-operative Society Ltd
  8. TCC Credit Co-operative Ltd

Why YOU should join us?

Come Together As One 2013

  • Here’s your special invitation to join us, on 1st September 2013, as we COME TOGETHER AS ONE to set a Singapore Book of Records for the “Largest Human Formation of a Corporate Logo”.
  • The event that has something for everyone! A family walk around the Ang Mo Kio - Bishan Park, games & activities, bouncy castles, food & refreshments,  goodie bags and a movie, The Avengers, under the stars.
  • Limited spots, so register now to avoid disappointment. All registered participants will receive a;
    • Certificate of participation in the record
    • Memorabilia snap (digital & print copy)
    • Goodie Bag (worth SGD$20)
    • Bento Set (Halal)

 

Participation in this Record Setting feat is limited by invitation 
so register now to secure your place in history!* 

*Closing date for registrations is on 25th August

For further enquiries, please email us at sncf@sncf.org.sg or call us at +65 6602 0747.

 

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Grants for Co-operatives

Enhancements and Revisions

The Central Co-operative Fund (CCF) is a Trust Fund contributed by every co-operative in Singapore, in accordance with the Co-operative Societies Act 1979. According to the Act, the Fund has to be prudently used for the development of Singapore Co-operative Movement, which includes but not limited to further co-operative education, training, research, audit and the operations of SNCF as an apex body to the local co-operatives.

In view of better corporate governance and transparency, the Special Project Grant and New Co-operative Grant were established in 2006 and 2008 respectively. As of the first quarter of 2010, the Special Project Grant has been renamed to the Capacity and Capability Development (CCD) Grant, which applies to existing co-operatives. The New Co-operative Grant remains unchanged and is used to fund the set-up of new co-operatives with strong social mission.

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Mr Kwek Kok Kwong, CEO of NTUC LearningHub, takes over as Chairman of Singapore National Co-operative Federation

Singapore, 15 September 2016 - Mr Kwek Kok Kwong, Chief Executive Officer of NTUC LearningHub, assumed the role of Chairman of co-operative apex body, the Singapore National Co-operative Federation (SNCF) from 15 September 2016.

He takes over the leadership role from Mr Chan Tee Seng, who is also CEO of NTUC First Campus Co-operative. Mr Chan has been serving as Chairman of SNCF since 2008. During this period, he has led SNCF and its co-operative affiliates through major milestones such as managing the legislation changes impacting the credit co-operatives during the financial crisis of 2008, International Year of Co-operatives in 2012 and the co-operative movement’s 90th anniversary last year, culminating in the production of the commemorative book, The Singapore Co-operative Story (1925-2015). He is also a strong advocator of various youth initiatives, including the SNCF scholarship scheme to get young talents to embark on a career within the co-operative movement.

Ms Dolly Goh, Chief Executive of SNCF, said, "On behalf of SNCF and the co-operative movement, I would like to thank Mr Chan for his leadership and support that saw the co-operative sector remain a pillar of societal support, as well as his years of unwavering dedication and contribution to the Singapore co-operative movement."

Mr Kwek, who has been with NTUC LearningHub (LHUB) since February 2013, will continue to lead Singapore's largest training co-operative which has helped train close to two million individuals and 15,000 corporates since 2004. Prior to joining the co-operative sector, Mr Kwek served in the Singapore Armed Forces (SAF) for 27 years until 2012.

Moving into his new role, Mr Kwek will promote and oversee the strategic direction of SNCF and the co-operative movement in Singapore, which currently comprises 66 co-operative affiliates, and work with the board and senior management to promote and develop the co-operative sector.

"It is important that we stay forward-looking and ensuring that the young talent of tomorrow embrace this unique model of business. I look forward to connecting today's youth with the co-operative movement through multiple platforms, from scholarships to establishing co-operatives and co-op clubs at the school level,” said Mr Kwek.

He added, "We also live in a very globalised world, where businesses thrive because of cross-border collaboration. Likewise, social businesses like co-operatives should co-operate across borders to grow bigger and stronger. To this purpose and as a strong advocate of learning, SNCF will continue its good work in organising networking trips as well as hosting visits by co-operatives and apex bodies in the region, and turning them into win-win partnerships."

SNCF 29th Anniversary Celebrations
Co-op’s Got Talent

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Ms Joan Tan, 2009 Co-operative Scholar, presents a pair of handpainted shoes as memento to Guest-of-Honour Mrs Yu-Foo Yee Shoon

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The Co-op’s Got Talent champion, Ms Istifarah Puteri, struck a winning chord with her Miley Cyrus song

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Ms Fara Abdul proved that her vocal prowess could be put to good use besides her passion for helping senior jobseekers in securing employment

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Mr Ranjit Singh’s Hokkien number was a crowd pleaser

SNCF recognises every co-operator as a unique individual with talents waiting to be discovered and developed. These talents were brought to the fore when SNCF held its 29th Anniversary celebrations – Co-op’s Got Talent on 7 July 2010, where Mrs Yu-Foo Yee Shoon, the Minister of State for Community Development, Youth and Sports, was Guest-of-Honour.

Passion

The Co-operative Scholarship Award was presented to individuals who were selected not just for their academic achievement, but also for their passion and commitment to serve the Co-operative Movement and the community. Into its third year running, the prestigious scholarship went to Mr Eugene Tan and Ms Kwek Yi Jun, who would be pursuing a double degree in Chemical Engineering and Business, and a degree in Business in the National University of Singapore respectively.

Entrepreneurial Spirit

SNCF also acknowledged individuals who represent the spirit of entrepreneurship in a co-operator. Ms Joan Tan, 2009 Co-operative Scholar, displayed a strong interest in drawing at a young age. What started out first as a hobby where Joan used to paint shoes for friends has now developed into an online business via her blog shop.

Uniqueness

Raw talents were discovered among staff and members of SNCF affiliates as they competed against each other in the inaugural ‘Co-op’s Got Talent’ contest. Among a variety of song and dance acts, three individuals outshined other talents to rise as the winners of Co-op’s Got Talent. Ms Istifarah Puteri, member of ITE Co-operative, won the hearts of the crowd with her two-in-one winning performance, while first runner-up, Ms Fara Abdul, Head, Professional Development of Educare Co-operative, brought the house down with her power vocals. Second runner-up, Mr Ranjit Singh, Audit Committee Member of Singapore Prison Service Multi-Purpose Co-operative, amazed the audience with his Hokkien number. What was most amazing was the display of hidden talents that really took centre stage among co-operators.

SNCF would like to thank sponsors Choice Décor Co-operative, NTUC FairPrice, NTUC First Campus, NUS Multi-Purpose Co-operative, Premier Security Co-operative, Seacare Co-operative, Telecoms Credit Co-operative (TCC) and UOB Asset Management for their generous support.

Congratulations to Co-op Hot Shots 5 winners!

Local Open
1st Prize – Cheah Kin Wai
2nd Prize – Thigh Wanna
3rd Prize – Wong Chek Poh & David Wirawan

International
1st Prize – Sujan Sarkar
2nd Prize – Dipayan Bhar
3rd Prize – Somenath Mukhopadhyay

School
1st Prize – Desmond Teo
2nd Prize – Lim Jun Sheng Wallace
3rd Prize – Rachel Chan

Instagram 
1st Prize – arveetee
2nd Prize – scottiehottie92
3rd Prize – cradleoflien

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Singapore National Co-operative Federation
510 Thomson Road #12-02
SLF Building, Singapore 298135
Email: sncf@sncf.org.sg
Tel (65) 6602 0747, Fax (65) 6259 9577

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