In a previous post, I wrote about what credit co-operatives (co-ops) do and the important role they play in society. I’ve also received some questions from readers as to whether it is worth joining a co-operative in Singapore, especially if they qualify for one.
After looking through all the benefits, I’m convinced that being a member of a co-op has its benefits and privileges.
Just to name a few of these benefits:
- Gaining access to a wide range of affordable products and services
- Financial solutions at reasonable interest rates (no need to resort to unlicensed moneylenders, please!)
- Educational scholarships and bursaries awards
- Hospitalisation benefits
- Loyalty membership benefits
Today, there are 66 co-ops affiliated to the Singapore National Co-operative Federationthat one can choose from.
Among these, there are credit co-ops that serve members working in the civil service, with the Singapore Government Staff Credit Co-operative (SGSCC) as one such co-op. Having registered in 1925, SGSCC is also Singapore’s first co-op ...
...
