“The growth of the Singapore Co-op Movement must also be credited to the collective efforts of every co-operative and co-operator for their outstanding contributions and their dedication to the Co-op mission of serving the needs of members and society. As the apex body of the Co-op Movement, SNCF will continue to support and facilitate the growth of co-ops. SNCF will continue to do our best to nurture the development of cooperatives in Singapore, to promote the principles of self and mutual help, so as to contribute towards developing a more resilient and cohesive society.”
There are currently 80 co-operative societies, or co-ops, in Singapore.
See the list of co-ops
||Number of co-ops
|Consumer and Services
Consumer and services co-ops provide goods and services to their members to meet their daily needs. Some of these co-ops have become household names, such as:
- NTUC Fairprice
- NTUC First Campus
- NTUC Foodfare
- NTUC Income
While these co-ops are business driven, they are anchored in their social mission to help Singaporeans and residents through moderating the cost of living.
Credit co-ops provide financial services (i.e. take in deposits and/or grant loans) to their members who are within a pre-existing common bond of association or community of interest. The earliest registered co-op in Singapore was the Singapore Government Staff Credit Co-op.
There are also school co-ops which operate in secondary schools and junior colleges that aim to expose students to co-op principles and social entrepreneurship.