Our HEAD OFFICE
Head office was set up in the year 2005 for the smooth and systematic functioning. In the beginning it was situated at the Karwar Branch premises.
The Management had a vision of developing the institution and adding up more branches to serve the society. In order to administer the proper functioning of all the branches a separate head office was set up in new building at Sonarwada, Karwar. A completely furnished office of 3000 sq.ft space with a Conference Hall, Computers, Internet facility, efficient Staff Members for specialized sections were set up like Planning, Establishment, Accounts, Loans & Recovery.
Each Section takes care that plans envisioned are put into actions and goals are achieved.
Every customer who transacts with us is entitled to be the shareholder of our co-operative. Depending upon the transaction amounts customers are issued shares with the face value of Rs 100/-. Once the customers hold the share, they also become eligible to earn year by dividends based on the profit incurred by the co-operative. At our head office, we have maintained an exclusive share section. This section handles the complete process of shares from issuing to sending it to respective branches; from there on, the shares will be handed over to the respective customers. Following are the few highlight of how the share section team works.
- By default all depositors are eligible for being a share holder. Therefore after the customer consent, this information is gathered and saved on the software.
- It is mandatory to have at least minimum of 1 share to savings account holder.
- Any customer, who avails loan, too must compulsorily invest a certain percentage in share. The customer’s data’s are gathered from Branches and are assigned a unique share account number against the share.
- Lastly, dividends are calculated and disbursed to the Branches to distribute the same to customers.