About Us
The Singapore Teachers’ Co-operative Society Ltd provides a range of financial products and services namely savings, loans, insurances and financial consultation to its members.
Objects of the Society:
- To promote the economic interest of its members
- To encourage thrift, co-operative self-help and mutual assistance among its members
- To promote and popularize the buying and selling of consumer goods and services on a co-operative basis
- To prevent permanent indebtedness of its members by enabling them to obtain loans on reasonable terms
- To establish and operate such co-operative schemes, ventures or projects for the benefit of members, subject to the approval by the Registrar of Societies
Our Corporate Milestones:
1932
The Society was officially registered on 20th May 1932 as “The Singapore English School Teachers’ Co-operative Thrift and Loan Society Ltd”. It was located at the office of the then Inspector of Schools, at the Education Department.
1972
The Society revised its By-laws and also changed its name to “The Singapore Teachers’ Multi-purpose Co-operative Society Ltd”. It was further revised to “The Singapore Teachers’ Co-operative Society Ltd (Teachers’ Co-op)” in 1995.
1989
The Society embarked on a project of setting up a Childcare Centre to serve not only the members of the Society but also the children of the community at large. The Childcare Centre is still located at Block 706 Hougang Avenue 2 #01-181 Singapore 530706. The Childcare Centre caters for children at the playgroup level up to kindergarten. It can accommodate 76 children and has always operated with full capacity. Our dedicated teachers have established a reputable name in the Hougang neighborhood.
1998
The Society moved into its new premises at 150 Changi Road Unit #02-06 Guthrie Building Singapore 419973 on 15th December 1998.
2006
As at 1st January 2006, the Society's total assets are estimated to be more than sixty-nine million dollars.
Today, the Society has about 4,000 members. The Society owns altogether 2 units at Golden Mile Complex, 2 units at Guthrie Building and 1 condominium unit at Tanjung Samudera Condominium in Malacca.
Singapore Teachers' International Holdings
Singapore Teachers' International Holdings Pte Ltd (STIH) is a holding company of Teachers' Co-op which was incorporated on 10 June 2004. The company was formed as a vehicle used for investments in other businesses related to the Co-operative.
The objectives of investing in other related businesses and the use of the holding company are:
- To diversify the present business of receiving deposits and providing loans to its members.
- To enhance benefits to its members.
- Indirectly to create employment for the Co-operative's retired members.