Know our history
The Alanallur Service Co-operative Bank was started working on 31 st July 1946 in Alanallur Gramma Panchayath. The bank is going on with great progress. The bank is providing maximum facilities to the customers.
The bank currently offers various deposit schemes and provides different loans. Core banking is also being implemented to provide better facilities for our customers. From 2001 onwards, the Bank has become a Class “1” special Grade bank and since it is working in profit. The bank has 3 branches: the Main branch at Alanallur, 2 more branches at Edathanattukara & Karkkidamkunnu (Unniyal).
The bank has 19 permanent staff. Besides, there are 5 Daily Deposit collection agents working on a commission basis. The bank is conducting various training programs for the continual skill improvement of the staff. The Bank has launched different loan schemes tailor-made to suit the prosperity of members. The schemes aim at the growth of the agricultural sector, repair/renovation of house property, etc. The procedure for sanctioning of loans under the schemes has been simplified and relaxed with a view to attracting new customers and facilitating speedy sanction of loans. The bank is providing maximum benefits to senior citizens and locker facility is also available.