CONSTITUTION : The Bank was administrated by Board of Directors and one Government nominated,Deputy Registrar / Managing Director from 08.05.2013 onwards
AN OVERVIEW :In Tamil Nadu, the Co-operative movement has spread its wing in almost all the walks of life. The word "Co-operation" is derived from the Latin word 'Co-operale', which means 'work together', In the ordinary sense, Co-operation means 'working together jointly'. The term co-operative implies a comman endeavor with a common end. Those who join togather should have some economic aim. which they cannot normally achive by individual isolated action. Union is 'strenght' and achive the common end through self-help and mutaul help. They are guided by the principle "each for all and all for each"
All loans are isseued as per goverment norms
*****
The bank is receiving deposits from its members and non members such as
We will consistently exceed customer expectation by providing value-adding solutions through professional and highly motivated people, delivering excellent financial performance in all markets where we operate. Main focus is to cover the areas which are not covered by adequate banking facilities.
*****
To be responsible and rewarding putting co-operative values and principle into everyday practice
This award stands alone proudly witnessing our custome support. This award makes our shining in midst of names and fame of bank.We thanks our customer for our achievement.
SLNCUBank OBJECTIVE
The main objects of the bank are as follows;
COOPERATIVE MISSION
We will consistently exceed customer expectation by providing value-adding solutions through professional and highly motivated people, delivering excellent financial performance in all markets where we operate. Main focus is to cover the areas which are not covered by adequate banking facilities.
SLNCUBank OBJECTIVE
Our missionis to remain the strong, sound and leading organisation in the cooperative credit structure and to be the backbone for the rurual financial sector of Tamil Nadu
Co-operative Bank in Tamil Nadu
In Tami Nadu, the co-operative movement has spread its wings in almost all walks of the life. The spread and growth of co-operative in different sectors were nurtuted under development plans with goverment initiative and goverment finance.
MANIFEST
The manifest of the Bank is to mobilise resources, provide banking products and other professionalised services to the people, strengthen the affiliates, provide vibrant leadership to the co-operative banking system, achieve sustained growth and ultimately to attain prime position in the banking industry
HISTORY OF CO-OPERATIVES
The British East India Company miserably exploited India by absorbing all her resources during pre-independent period. After independence earnest steps were taken to make her healthy in every respects. It was generally admitted by the Architects of India that co-operatives can act as an effective media for the socio-economic reconstruction of the country. Hence attempts were made by the Planning Commission to develop the co-operative movement as a self reliant one by augmenting the resources through mobilisation of savings in urban and rural areas, promoting integrated rural development by strengthening the links between credit, supply of inputs, processing, marketing and distribution of essential commodities and developing of weaker sections of the community.