While the festive mood descends over Singapore during this joyous week of the Lunar New Year, here’s some food for thought – have you ever considered giving to society, and getting some of it back as well? Impossible? I don’t think so. If you have heard the term “co-operative”, most likely you would associate NTUC with a co-operative. For most of us who have studied in a tertiary institution, we would have heard of the NUS/NTU NP/SP/TP/NYP Co-ops. Aside from NTUC and tertiary institution co-ops, there are other co-ops as well, each with their own message to bring to society. This Singapore National Co-operative Federation video should give you a good introduction to co-ops. Now that you know what a co-op is, let’s focus on a particular type of co-op, known as a credit co-op. In other countries, they go by the term “cooperative banking”, or credit unions, but in Singapore, it is standardized to ......