CLW CO-OPERATIVE CREDIT SOCIETY LTD.

MEMBERSHIP

Membership Policies
Membership of the Society is open to each and every individual of Permanent CLW Employees. Membership is also open to the permanent employees of the Society. All members are eligable to participate in Deposit Scheme, avail Loan facilities, enjoying Holiday Homes and other facilities of the society.
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Objectives

To promote social and economic betterment of members through self-help and mutual aid in accordance with cooperative principles.

To provide facilities for the exercise of Thrift and Savings.

To grant loans and advances to Members.

To promote subsidiary institutions

To constitute various funds for the welfare of the Members and the Society.

And Generally to do all such other things as are incidental or conducive to the attainment of its objectives.

Funds

SOURCES OF FUNDS

Subject to the provisions of the Act, the Rules and these Byelaws, the fund of the Society may be raised by –

issuing shares.

receiving deposits from Members including Nominal Members.

EMPLOYMENT OF FUNDS

The fund of the Society be applied in –

giving Loans & Advances to Members.

making investments for the benefit of the Members

Ambulance Services

Various social Works

paying the establishment and contingent charges, interest, bonus, audit fee and all other usual working charges

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