The Central Excise & Customs Employees’ Cooperative Credit Society Ltd. was formed by the employees of Central Excise and Customs, Kolkata for accumulation of fund for financial help to the members when they need. For the very purpose of its activity it was Registered under the West Bengal  Cooperative Society Act on  1st December'1957 having its Registration No. 58/CAL. of 1957 dated 01.12.1957.

We are carried out our founder members vision and mission for

"SELF-HELF"     "THRIFT"    and     "COOPERATION"

This co-operative is managed by the representatives elected from the active members from the different zones/offices located  through out  the state of West Bengal. Elected representatives can create a Board of Directors who are involved for day to day activity of the society.

Membership

To become a member of the society, any Central GST and Customs(CCP) Employee can fill up the Membership Form (to be collected from the counter) and submit to the Society for approval from the Board meeting. After approval of the application form, the applicant would be purchased of 1 (one) Share of Rs. 10/- by depositng the amount at cash counter, after which a Membership Number will be given to the applicant. Compulsary subscription of Thrift Fund amount will be started from the subsequent month.

Thrift Fund and Gurantee Fund

  • A compulsary Subscription amount per month to be made to the Society as Thrift Fund by all the active Members.
  • Presently Thrift Fund amount is Rs. 1500/- per month for all the members.
  • A compulsary deduction of amount from the Loan taken amount as Guarantee Fund and it is accumulated to the members account.
  • Presently guarantee Fund amount is 5% of loan taken amount of each time.
  • Thrift Fund and Guarantee Fund interest paid to members on pro-rata basis.

Activities

  • The Society maintains an account for monthly contribution of Thrift Fund for registered members.
  • Disburshment of Loan amount to the eligible members as per rule and criteria of the society.
  • To send the demand list to the DDOs for collection of compulsury thrift fund and loan installment through monthly salary for all the members from the respective DDOs.
  • The Society also maintain some Guest Houses for our members as well as non-members, with affordable rate.
  • The Society is currently fully computerised and maintains all of its accounts through computer.
  • One Androied App is available for the members to view their accounts directly.

Facilities

  • After taking membership and submission of one thrift fund any member can apply/entitled to get Loans from the Soceity through approvals by board meetings. Currently the society offers two types of LOANS to the active members.
  • The members are being paid annual interest on Compulsory Thrift Fund and Guarantee Fund.
  • Thrift Fund and Guarantee Fund interest paid to members on pro-rata basis.
  • The Society also declared annual dividend in respect of member's share capitial amount on pro-rata basis in a financial year and paid on the subsequent financial year.
  • Loan Installments and interest thereof are being deducted through monthly salary from the concerned DDO of the member or by permission from the soceity paid in cash/cheque directly to cash counter.
  • Provide SMS to members for their Demanded amount payable and paid with loan outstanding if any.
  • Payable amount (Share Capital,Thrift Fund,Gurantee Fund etc.) from the society is to be handed over to our outgoing members on the date of his/her retirement or ceasation of membership.

Provisions

The maximum limit of loan, rate of interest on Thrift Fund/Loans/Divident etc. are being fixed from time to time as per the decisions of the General Meeting(BOD). Amendments of the constitutional provisions of society, if any, are made in the same way with due approval of the competent authority i.e Registrar of Co-operative Society, Government of West Bengal.





Cooperative By-Laws