Designed by IT Works Interactive

 

WELCOME TO THE WEBSITE OF
TRC MULTI-PURPOSE CO-OPERATIVE SOCIETY

Date of Original Registration : 18 November 1994 ( Reg. No. 213 )
Re-Registered under new Regulatory Act on 19th October 2011

We strive to build a strong and viable Co-Operative, unified by a common aspiration to promote Co-Operative principles. Through "Co-Operative Spirit" and "Unity" we hope to achieve Self help, Self-Reliance and Economic Strength for our Members.

TRC Multi-Purpose Co-Operative Society “(Society”) can be considered as a business entity with social purpose. It is regulated through the Co-Operative Societies Act. We are a membership organisation, advancing the economic interest of members and encouraging thrift; and promoting co-operation, mutual help and life-style changes; together leading to "A MORE PROGRESSIVE COMMUNITY".


NEWS UPDATE

WE ARE CLOSER TO YOU AT LITTLE INDIA ARCADE:
#02-19, 48 SERANGOON ROAD, SINGAPORE ( 217959 ).
TO SERVE YOU BETTER!

LOG ON TO
www.grocerysmile.com
TO PURCHASE HOUSEHOLD GROCERIES AT SPECIAL PRICES.


NOTICE OF
ANNUAL GENERAL MEETING


Dear Members,

Please be informed that the Society will hold an ANNUAL GENERAL MEETING ( AGM ) of the Society; and to be held as follows :

DATE: FRIDAY, 26th SEPTEMBER 2014, TIME 6.30PM.

VENUE: 2ND FLOOR FUNCTION ROOM, THE BANANA LEAF RESTAURANT, 54 RACE COURSE ROAD, SINGAPORE 218564.

BOARD OF DIRECTORS’ REPORT FOR 2013

TRC MULTI-PURPOSE CO-OPERATIVE SOCIETY LTD (“The Society”) was formed on 18th November 1994, with 23 members pledging share investments of S$33,000.

Today our membership stands in excess of 3,000 and we are possibly the largest Indian membership organization in Singapore. This year we mark the 20th Anniversary of our founding through a simple ceremony at our forthcoming Annual General Meeting on 26.09.2014.

At the time of formation, the Co-Op had the following to say about itself :
“TRC Co-Operative wants to help Indians who want to help themselves or those who are not financially well off through mutual help and assistance. By being a member, you will be able to help our less fortunate Indians in the lower income groups, performing two jobs to make ends meet, some financial assistance towards their children’s education.”

During the last 20 years, our funds have grown to about S$4.0 Million dollars. We have a healthy “Capital Adequacy Ratio” and “Minimum Liquidity Ratio”, both of which are the measurements of the financial strength of any Co-Operative Society. As a Co-operative Society, we have continued to endeavor to make it worthwhile for members to be part of our Social Enterprise.

For those who have entrusted the Society with their hard earned savings, we continue to provide high returns. This year, members will get 5% dividends on their shares, 4% dividends on their thrift savings and 3% interest on general savings and fixed deposits. To the members in need, we offer one of the lowest interest rates among Co-Operative for unsecured loans.

Our loan balances have dropped from S$2.9 Million at the end of 2012 to S$2.3 Million at the end of 2013. It means that there has been a net decrease in the amount of loans given out by the Co-Op. We have reasons (which we will share at the AGM) to believe that our loan portfolio will grow to its original levels by the end of 2014.

As a social enterprise within the Indian Community, we have been doing our part, working with other organisations and promoting our constitutional objective of, “to promote greater awareness and consciousness of a progressive and improved lifestyle among members of the Indian Community”. As a financial Institution, our return on assets of about 3.6% (during each of the last three years) is a reasonable number. We could have made more. But we have chosen not to; since all revenue is derived from members who borrow to tide over their needs and difficulties.

Since the last AGM, we have moved to a new and bigger office at Little India; where we are closer to the Community that we are serving. Our Meeting Room and facilities have been on offer (and well utilized) for members and other Community Organisations, free of cost.

During the last 20 years, the Society has seen its share of challenges and issues. With your support and blessings, we have overcome them without affecting our basic mission and direction. Going forward, we seek a stronger and brighter future; and we have reasonable grounds for our optimism.

R. Kalaichelvan
Chairman,,
18 September 2014

Members must bring along a photo id for verification. For details and queries please email to trccoop@singnet.com.sg.





LATEST NEWS

COMING YOUR WAY


ON-GOING
Grocery Home Delivery Services
For Members
Sunflower Cafe
Every Wednesday
Jasmine Cafe
Every Thursday (by invitation only)




OUR NEW ADDRESS:
48 Serangoon Road
#02-19 Little India Arcade
Singapore 217959
(nearest MRT : Little India)
OUR CONTACT PARTICULARS

        +65 6396 0170  : Telephone
        +65 6396 0171  : Fax

Email address secretary@trccoop.org.sg

OUR BUSINESS HOURS :
Mondays to Fridays
9.00am - 5.30pm


DIVIDENDS ON SHARES:
     2012 : 6 % (AGM approved)
     2013 : 5 % (Pending approval)
INTEREST ON THRIFT SAVINGS
     2012 : 5 % (AGM approved)
     2013 : 4 % (Pending approval)
INTEREST ON SAVINGS AND FIXED DEPOSITS
     2012 : 4 % *
     2013 : 3 % *
     2014 : 3 % *
     ( *Interest is decided by management;
      and not subjected to AGM approval )

Copyright TRC Multi-Purpose Co-operative Society Ltd
Sitemap Privacy Policy Term of Use Contact Us