The Federation of Savings and Credit Cooperatives of Thailand Limited (FSCT)


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Cooperative in Thailand -> Type of Cooperative -> Credit Union Cooperative

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The first credit union in Thailand was organized on July 25, 1965 by 13 pioneers with initial saving 360 Baht, its name was “Soonklang Thewa Credit Union”. Fr.Alfred Bonninque believed that dreams will come true if people join hands together and achieve their goals without bias to other people. This is the principle he believed people in the slums of Huay Kwang, Bangkok should observe to improve their live and be of equal level to other people in the society. The credit union is the meeting point of people who trust and people who help people.