The thrift and credit cooperative is a type of financial institution whose members are people having the same occupation or living in the same community. Its purpose is to promote savings among members and provide loan funds for productive investment. Cooperative are registered under the Cooperative Act B.E. 2511 (1968).             Present-day circumstances are such that people are constantly faced with an increasing cost of living. Low income people especially suffer because they never seem to earn enough to cover their daily needs. They tend to deal with this problem by turning to illegal moneylenders, who charge them very high rates of interest. By so doing their indebtedness is increased even more and the situation becomes more serious for themselves and their families. These are the people who stand to benefit from joining others, under the principles of self help and mutual help, to deal with these money problems. The first such cooperative in Thailand was formed among officials of the Cooperative Promotion Department and employees of the Bank for Agriculture and Agricultural Cooperatives (BAAC). It was registered on 28 September 1949 under the name Cooperative Officials' Cooperative Limited. (This is presently known as the Cooperative of Cooperative Officials, Ltd.) The Soon Klang Thewa Credit Union Cooperative was the first community savings cooperative established in the slum area of the Huay Kwang and Din Daeng districts in Bangkok on 17 July 1965. It was not registered at the time. The first credit union to be officially registered was the Maemoon Credit Union, Ltd. in Ubon Ratchathani province on 1 January 1979.     Home | About Us | Contact Us | Links | News 701/29-33 Wongsawang Road, Bangsue Sub-district Bangsue Area, Bangkok 10800, Thailand. Tel : (662) 910-8911 Fax : (662) 587-6637, 910-8920 E-mail contact@fsct.com