AUPE Multi-Purpose Co-operative Society Ltd
     
 
 
     
 
The AUPE Multi-purpose Co-operative helps union members who are in need of financial assistance. It operates on the Co-operative concept of mutual help and assistance where members pool their limited individual savings to help each other.
  
     
 
AUPE Co-op's members who are public employees, are disallowed, by their service contracts, to borrow money without enough security or pledges, etc. However, this does not apply to co-operative societies. The AUPE Co-op was formed to make it possible and easy for its members to obtain financial assistance when the need arises.
  
     
 
The Co-operative also helps members to maximise their earnings from savings with us. We pay a higher rate of interest on members' fixed deposits compared to other commercial institutions. Total interest paid to members in FY 2005 amounted to $ 1.45 million.
 
     
 
It is an important source of funds particularly for low and middle income employees.
  
     
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