Co-operatives provide a vehicle to help the small consumers band together to help each other. Our credit co-operative was founded on the same principle.
In the early 1960s, the lower income public employees in Singapore called upon the leaders of AUPE to form a credit co-operative because they had difficulties obtaining loans.
In 1965, more than 50 years ago, AUPE then founded a credit co-operative. We started with a few hundred members and today we have about 20,000 members. This is testimony of the trust and confidence that members have in our co-operative.