The Angadipuram Service Co-operative Bank Ltd. started functioning as producers cum consumers Co-op. society 1180 in the year 1946 under Act VI of 1932 (Madras). It was re formed on 1st September 1956 as F 1180 Angadipuram Rural Co-op. Bank. In 25th July 1966 Angadipuram Service Co-op. Bank Ltd. No. P 581 was Re-registered by the amalgamation of MPCS No. F 10526 and Vattalur Multi Purpose Co-op. Society No. F 746. Its head office is situated at Angadipuram in Perinthalmanna Taluk, Malappuram Dt., Kerala, Its area of operation is confind in the 3 villages - Angadipuram, Valambur & Puzhakkattiri.

Angadipuram Service Co-op. Bank one of the best leading Primary Agricultural Co-op. Society (PACS).  It is a class-I super grade Bank under Audit classification ‘A’ from the year 2013 onwords. Bank has `170 crore deposit and 102 crore loan outstanding and a net profit of `61 Lakhs on 31-03-2019. It has H.O. and 5 branches at Angadipuram (Main Branch), Tirurkad Branch, Puthannagadi Brannch, Town Branch, Kadungapuram Branch.

During the period Bank adopted complete professionalisation & modernisation by implementing Core-Banking system, with all modern Banking facilities like ABB solution, SMS Banking, NEFT/RTGS/IMPS etc. Microfinance through self help group/Kudumbasree is also avaialble.

Our Highlights

  • In short period, Bank become a leading Bank in Kerala and upgraded class-I super grade under audit classification ‘A’
  • Audit classification is continuously retaining as ‘A’ grade
  • Continuously running in profit last year declared 20% dividend to members
  • A library is provided in H.O
  • Various types of  loan upto 10 lakh
  • An auditorium with lowest rent for our members
  • All branches are working in Core Banking system with advanced Banking facilities. Like NEFT/RTGS/IMPS, SMS Banking
  • Started morning and evening branch from 8 to 8 and Safe deposit locker.
  • Western union money transfer facility
  • Micro finance through SHG/Kudumbasree
  • Distributing pension through Bank Account to KSRTC pensioners and Social security pension distribution
  • Medical aid of RS. 10000 to members who have become a chronic deseases like cancer, kidney failure, cardiac surgery etc...

Members

The bank has got a membership base of 14818 A class members and 8631 B class members

  • A Class - 14745
  • D Class - 7285 C-20482

Human Resources

Bank has 45 employees in its rolling having one Secretary, Asst. Secretary, Chief Accountant, Branch managers, Accountants, Senior Clerks, Junior Clerks, Attendors, Peuns, amd one driver and one PTS.  

Area of Operation

The area of operation of the bank is the entire Angadipuram Grama Panchayath and 8 wards of Puzhakkattiri Grama Panchayath.

Types of Membership

Membership of the bank can be divided into four types:

1. A Class members

'A' class members are the real owners of the bank. Only individuals can become a 'A' class members. In order to become 'A' class member the applicant should give an applicant in the prescribed format, along with amount for the shares. A person to become a member of the bank should by at last one 'A' class share.

2. B Class members

'B' class members are Govt.of kerala, and other Co-operative societies. Liability of members is limited and no right to participate in the management of the bank.

3. C Class members

'C' class members have the right to get godl loan only. 'C' class members are the nominal members of the bank. 'C' class have no voting power.

4. D Class members

'D' Class members should attain the age eighteen years. 'D' class members should be a resident with i n the area of operation Perinthalmanna Taluk of the bank. Such members have no voting power. 'D' class members have no right to get dividend.

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