Thondiyil Service Co-operative Bank > Our History
Prototype website — content under review by the bank
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Thondiyil · Nedumpoyil · Poolakkutty
Thondiyil Service Co-operative Bank Ltd. No. C-45 Thondiyil Service Co-operative Bank
About the Bank

Our History

Established in 1952 at Thondiyil in Kannur district, the bank was registered as a service co-operative society under the number C-45. This page records the stages of its journey from then until now.

1952

Founded at Thondiyil

The bank was established at Thondiyil in Kannur district and registered as a service co-operative society with the number C-45.

1952–1977

From a Currency Fund to a Service Co-operative Sangham

This institution began work in 1952 under the name Vekalam Multi-purpose United Currency Fund, and passed through the stages of Vekalam United Currency Sangham and Vekalam (Thondiyil) Service Co-operative Sangham. In these early years it gave farmers seed, fertiliser and small-scale agricultural loans.

1977

Renamed Thondiyil Service Co-operative Bank

From 1977 the institution has operated under its present name, Thondiyil Service Co-operative Bank.

Details pending. The exact milestones of the years between 1977 and today — when each branch opened, and when the ATM, the auditorium, Garden Fresh, Thanal and the ICU ambulance service began — have not yet been received from the bank. No date has been guessed at — confirmed details will be added here as soon as the bank office supplies them.

Today

Head Office and Two Branches

The bank works today from its Head Office at Thondiyil, Peravoor — an air-conditioned building with the bank’s own ATM & CDM counter on site — together with the Nedumpoyil Branch and the Poolakkutty Branch, which has been rebuilt with modern facilities.

Alongside everyday banking, the bank runs an air-conditioned auditorium available to the public at low cost, the Garden Fresh Mini Super Market, the Garden Fresh Food Processing Centre, Thanal Palliative Care and an ICU ambulance service. A locker facility and 24×7 CCTV surveillance are also in place.

The bank now lends to the agricultural sector and to JLG–Kudumbashree enterprises according to their project costs — a growth from its early years, when it gave farmers seed, fertiliser and small-scale agricultural loans.

Details We Are Seeking from the Bank

The record above can be completed once the bank supplies the following.

  • The years in which the Nedumpoyil and Poolakkutty branches opened, and the year the Poolakkutty branch was rebuilt.
  • The growth in membership over the decades.
  • The year the ATM at the Head Office began working.
  • The year the air-conditioned auditorium was opened to the public.
  • The years the Garden Fresh Mini Super Market and the Food Processing Centre were started.
  • The years Thanal Palliative Care and the ICU ambulance service were started.
  • Any other events the bank wishes to record — new buildings, new services and other milestones.

Anyone who has these details is welcome to pass them to the Head Office at Thondiyil — the address and phone number are on the Contact Us page.