Requirements to apply for membership:

  • Membership of the Co-operative is open to all employees of the Singapore Press Holdings Group and the Times Publishing Group and their subsidiary companies;
  • be of good character;
  • be a citizen of Singapore or resident in Singapore;
  • not already be a member of any other credit society whose primary object is to grant loans to its members;
  • not be legally or mentally disabled;
  • not be an undischarged bankrupt; and
  • not be convicted of an offence punishable with imprisonment;



  • Application for membership shall be submitted on-line or in a form prescribed by the Committee.
  • Upon termination of membership, new membership application will be allowed only after one year.
  • Admission to membership shall be subject to consideration and approval by the Committee of Management.


Mode Payments

  • All new members must pay a one-time non-refundable entrance fee of $5 /-.
  • Every member can save minimum $10.00, and the maximum shall not exceed 25% of basic salary or $750/- whichever is lower per month. Application required to be submitted with recent salary slip, otherwise application will NOT be processed.
  • All monthly payments due to the Co-operative by members shall be recoverable by deduction from the monthly salary through their respective employers who shall forward all sums deducted to the Co-operative.