Our bank which was started in 1952 as Union Currency Group and elevated to Service Co-operative Bank since 1962 has been functioning very well. With 71 years of service history, this bank of ours is moving forward.

While working as a common man's bank in the society, we have to face the competition of other financial institutions in terms of interest rates and lending policies. We have been able to improve the operations of our organization even in these difficult situations.

Co-operative markets and vegetable markets stocking the produce of local farmers are conducted efficiently during festival seasons and on occasions prescribed by the government to control the prices of daily necessities. The bank also operates Neethi Consumer Store and Neethi Medical Store. Under the auspices of Neethi Medicals, a free medical camp and doctor's services have been established for the clients and the public. School Mart to provide learning materials to students at reasonable cost and Depot to provide fertilizer to farmers at reasonable cost are working well. Also, Mangalyasutra loans are provided for the marriage of poor girls at only 5% interest. Similarly, KCC Loan and KCC Gold Loan are being provided at 7% interest rate. These schemes are very comforting for the farmers. In this way, the bank is giving importance to the activities for the upliftment of the lower sections of the society.

Co-operative movement in Kerala, which became a model for the entire nation, was achieved the benefits are many. Common people have placed their hope for tomorrow in the cooperative sector. Even in this situation, the cooperative movement is facing many challenges. The primary cooperative credit sector faces tough competition in this era of monetary policy implementation, which leaves everything to the market, with the central move to spread misinformation and income tax by the Reserve Bank. Banks will be able to survive in the future only by introducing a modern system through new technology. Our bank is also taking care to work with this change. Bank has introduced RTGS/NEFT system to send Panja to any bank account in India within seconds. Similarly, to know the transaction information in the bank account through mobile phone, SMS system, mobile app "Mybank * system has been implemented for electricity, telephone, recharge and fund transfer (including IMPS). We are trying our best to provide better modern facilities. Bank's Poovvattuparam evening branch operation started on 20/08/2015 using modern system, local residents, small traders It has been working very well since it was converted into a regular branch from 8 am to 8 pm for convenience.

Risk Fund : The Kerala Cooperative Debt Relief Scheme- 2008 / Risk Fund Scheme is a self-financing scheme implemented by the Government of Kerala to relieve the borrower from the outstanding liability on that date if the borrower dies within the loan tenure. The benefit of this scheme is available to those who have not defaulted on their loan repayment for more than six months continuously. Under this scheme, interest of up to Rs.3 lakh on the death of the borrower after taking the loan and up to a maximum of Rs.125,000 on the loan principal in case of terminal illness after taking the loan is provided under this scheme. This scheme, which comes as a great relief to the family left destitute due to the death of the borrower, is available only to the "borrower who repays the loan punctually. Under the risk fund scheme, which is provided on the death of members who have made regular loan repayments, 12 borrowers who have died after taking loans have received benefits from the Kerala Cooperative Development and Welfare Fund Board. In addition, 5 borrowers who have died and are sick. The application for the benefit has also been submitted.

So respectable borrowers should pay special attention to be punctual in their loan repayments. By inventing the changes that the times demand and fully incorporating modern technology, we can counter any challenges if there is collective action.

Now the bank leaded by a board if management with 13 members headed by mr. Santhosh kumar Puthalath.