Through facilitating the development of the co-ops sector, the Registry of Co-operative Societies' work furthers the Ministry's mission of building social capital and making Singapore home through the promotion of active citizenship.
With inputs from the various stakeholders, the Registry updates our policies and rules from time to time so as to provide a robust regulatory framework for the proper governance and sound management of the co-ops. This way, Singaporeans and residents will have confidence in the co-op structure and continue to participate in the co-op movement.
Co-operative Societies, or co-ops, are associations of persons who have voluntarily joined together to achieve a common social or economic aim by forming a jointly-owned and democratically controlled business organisation. They operate on principles of self-help and mutual assistance. Most co-ops also have social missions to benefit the greater society in which they operate in.
There are currently 85 co-ops in Singapore.
Consumer and services: 59
Consumer and services co-ops provide goods and/or services to their members to meet their daily needs.
Some of these co-ops have become household names, 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.
Co-ops are regulated by the Registry of Co-operative Societies (“the Registry”) under the Co-operative Societies Act (Chapter 62) and Co-operative Societies Rules 2009. The Registry's functions are as follows:
Registry of Co-operative Societies
Ministry of Culture, Community and Youth
140 Hill Street, #02-00
Old Hill Street Police Station
Tel (hotline): 6337 3832
Fax: 6837 8090
Monday - Friday, 8.30am to 5.30pm
(closed on Saturdays, Sundays and public holidays)