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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.


SEASONS GREETINGS TO ALL MEMBERS


On behalf of the Society I wish all members a "Merry Christmas 2014" and a "Happy New Year 2015".

MESSAGE TO MEMBERS

OUR HISTORY
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 marked the 20th Anniversary of our founding through a simple ceremony at our Annual General Meeting held on 26.09.2014 at the Banana Leaf Apolo Restaurant at Race Course Road.

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. 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.

Our Financial Year 2014 is coming to an end and we will be compiling the Accounts and Individual Member Statements, which you can expect to get during the month of January 2015. Along with the Accounts, we will also send you our workplan for 2015.

Our first project for the Year 2015 is to lend a helping hand to those among our Community who are in need of help in managing their unmanageable financial debts. There is a trend for people to resort to borrowing from Licensed Money Lenders, at very high effective cost of borrowing. Unwittingly they end up in a "Debt Trap" which eventually affect both themselves and their family members.

For this purpose, we have started a Support Group (w.e.f. 20.12.2014), which will meet weekly on Saturdays between 2.00pm and 3.00pm. Those affected can seek help to find ways and to learn from others in a similar situation.The meeting is open to non-members. Assistance to be provided include, referrals to free legal counselling and sharing of information and options.

Some Churches and a Malay Group is already doing similar services. We want to move along similar lines to bring timely help to members of the Indian Community. Likewise, we encourage Indian Religious Organisations to form support Groups to help those in need, similar to the ones already being done.
Those who wish to communicate with us may e-mail us at trccoop@singnet.com.sg.

R. Kalaichelvan
Chairman,,
20 December 2014






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 )

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