The Society was established in the year 1961 and has successfully completed 57 years of service to its members. The main object of the Society is to promote the Savings habit of the members and to grant loans to them for useful purposes with an ultimate aim of improving the living standard of the members.
The Society continues to progress and offers to meet the expectations of the members, true to the Cooperative tradition and spirit. The Society is registered under the Maharashtra Cooperative Societies Act 1960 and Rules. 1961
The Society is administered in line with the guidelines of the Maharashtra Co-operative Societies Act. Members of the Society elect the Managing Board, comprising of a President, Chairman, Vice-Chairman, Secretary and treasurer. As per bye-laws of credit society
| Sr No. | Item | Currency | 2022-2023 | 2021-2022 | 2020-2021 | 2019-2020 | 2018-2019 | 2017-2018 | 2016-2017 | 2015-2016 | 2014-2015 | 2013-2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | SHARE CAPITAL | ₹ | 6,52,45,500.00 | 6,35,97,500.00 | 5,72,08,500.00 | 4,78,18,500.00 | 4,12,48,500.00 | 3,48,71,300.00 | 3,02,69,300.00 | 2,72,65,986.00 | 2,59,69,778.00 | 2,45,09,986.00 |
| 2 | ACCUMULATIVE DEPOSIT | ₹ | 28,48,500.00 | 14,21,000.00 | 4,73,000.00 | 1,25,000.00 | 20,500.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 3 | RESERVE FUND | ₹ | 1,34,14,706.00 | 1,21,63,300.00 | 1,10,25,500.00 | 1,00,74,100.00 | 97,42,600.00 | 94,65,462.00 | 92,34,569.37 | 90,74,633.38 | 82,91,961.86 | 81,23,576.86 |
| 4 | LOAN | ₹ | 7,63,21,358.00 | 7,15,89,982.00 | 6,74,43,374.00 | 5,17,88,267.00 | 4,62,19,375.00 | 4,14,00,299.00 | 3,35,25,858.00 | 2,74,32,895.01 | 2,71,90,340.01 | 2,59,68,491.01 |
| 5 | NET PROFIT | ₹ | 51,73,677.00 | 49,98,881.00 | 45,50,369.00 | 37,98,816.04 | 32,97,179.00 | 27,31,399.00 | 20,67,037.00 | 20,28,31.00 | 18,67,735.34 | 16,83,627.25 |
| 6 | DIVIDENT | ₹ | 6% (PRO-RATA) | 6.25% (PRO-RATA) | 7% | 7.3% | 8.75% | 8.5% | 7% | 7% | 7% | 6% |
| 7 | MEMBERSHIP | P.A. | 450 | 478 | 493 | 480 | 487 | 471 | 443 | 465 | 514 | 541 |
| 8 | AUDIT CLASS | CLASS | A | A | A | A | A | A | A | A | A | A |