Nandivelugu Co-operative Credit Society Limited
Nandivelugu Co-operative Credit Society Limited, Registered with APMACCS statutes, rules and bye laws to protect the interest of members, and maintaining books and records, subject to the statutory audit by qualified C.A, functions under the regulatory supervision of registrar of Andhra Pradesh Mutually Aided Co operative Credit Society. We are specialized in providing Society banking and financial services to its members. The Society, incurring profits continually and issuing 11% of Dividend to its members . And 0.5% extra to the Senior Citizens at all levels.
Nandivelugu Co-operative Credit Society Limited, specializes in extending customized financial solutions to individuals and corporate. The Society works towards understanding the financial ambitions of its clients and adjusts to its risk profile accordingly.
Our Mission
Through the efficient management of the society, uplifting the financially weaker sections, Promoting small entrepreneurs by providing credit under various schemes to the lower strata of the society, contributing towards their socio-economic development.
Our Aim
The Nandivelugu Co-operative Credit Society Limited, Began with an aim to provide all the necessary financial services for the common man without any hassle.
Our objectives
To provide quick and best service as per the needs of our members Making sure we solve financial problems of the needy as much as we can. Create awareness in the public about the co-operative Society and the advantages of accepting our membership.
AIMS / OBJECTS OF THE SOCIETY :
a) To borrow funds from members or others to be utilized for loans to members for useful purpose.
b) Generally to encourage thrift, self help and cooperation among the members staff / employees.
c) To mobilise savings and help its members in obtaining their credit requirements and to prepare and finance schemes for amelioration of the financial conditions of members.
d) To introduce and expand educational facilities and also conduct job-oriented courses for the welfare of the employees children (State Bank) for gainful and wage employment with the approval of the competent authorities.
e) To evolve, promote, manage and run any scheme or schemes for providing retirement benefits/ medical relief for the retiring members (Associate Members) from service .
f) To undertake such other activities as may promote the economic interest of members and are incidental, conducive to promotion or advancement of the above objects.
g) To promote the interest of all its members to attain their social and economic betterment through self- help and mutual aid in accordance with the cooperative principles.
