Logo

Loan Facility

We offer long term, short term and hire purchase loan.

Saving Schemes

Share capital, cumulative deposit, fixed deposit, recurring deposit and deposit from prospective members available.

Beneficiaries Scheme

We offer variety of beneficiaries schemes for our customers.

Customer Support

We offer top notch custom support. Get in touch today.

UNIVERSITY OF MUMBAI EMPLOYEES’ CO-OPERATIVE CREDIT SOCIETY LTD.

Looking for loans or just want to save money in a good ROI scheme?

Contact Us

About Us

One evening in the year 1959, the University employees assembled in the University premises with smile writ large on their faces lit with excitement to hear their beloved colleague late Shri. V.P. Nagpurkar, the then Cashier working in the University, announce the ‘pleasure’ of the Government of Bombay in registering “The University of Bombay Employees’ co-operative Credit Society Ltd.” in the response to a proposal made by him a year ago with a view to encourage the habit of thrift and co-operation among the members and to enable them to obtain the loans on reasonable terms. Late Shri V.P. Nagpurkar, a man gifted with vision and farsightedness, had in his mind, at a time when the Co-operative movement in India was taking shape and was in the nascent form, a grandiose scheme to build up and organization which would cater to the needs of the University employees. His dream had come into reality and the Co-operative Credit Society came into existence on 28th March, 1959.

The Society, which came into existence with and infinitesimal low capital of Rs. 1,500/- and a membership of 68 in 1958-59, rose to a capital of Rs. 3 crore 58 lakhs & working capital up to Rs. 69 crore 93 lakhs and membership of 1525 in 2014-2015 and is catering to the needs of about 100% of the employees. The activities undertaken by the Society during last 58 years can be enumerated as follows:-

 

Our Highlights

  • Fully Computerized Offices at Fort and Kalina Campus.
  • Secured and Speedy Loan disbursement.
  • Transparent Business.
  • Strong and stable state of own fund of Society.
  • Minimum Non performing Assets.
  • Best management and Trained office Staff of Society.
  • Concurrent increasing Net Profit Ratio.
  • Continuously six years Society has disbursed Dividend and Interest on cumulative Deposit at the rate 11.50% to it’s member.
  • Members and Non-Members deposited more than 25 crore with Society againest investment in “ Fixed Deposit”.
 Establishment
Year
1960-61
Silver
Jubilee Yr
1983-84
Golden
Jubilee Yr
2008-09
59th Year
2017-18
Working Capital20000258838023,66,91,94769,93,54,514.55
Share Capital10900208983088109503,58,97,000.00
Reserve Fund96314716992765372,84,09,941.84
Loans9208258255322,11,28,22561,00,60,813.00
Cumulative Dep.--7,81,97,74920,90,68,499.00
Fixed Deposit--9,61,67,41825,91,54,710.10
Dividend Rate2 ½ %0.090.11510.50%
Profit49318461442166001,20,66,061.00
Audit ClassAAAA

 

THE MOST-PREFERRED CO-OPERATIVE CREDIT SOCIETY IN MAHARASHTRA

Contact Us

top