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Go Green, and Opt to Obtain a Copy of the 89th Annual Report Online

As part of our commitment to environment-friendly and cost-effective practices, Police Co-op had started putting up the Annual Report on our website so that members can easily download a copy.

This year, we will continue to do so as part of our commitment to environment-friendly and cost-effective practices. The online 89th Annual Report is available on  […]

Specific Deposit Interest Rate For the Period 1 July 2019 – 30 September 2019

The interest rate for Specific Deposit Account will remain at 0.60% per annum for the period 1 July 2019 to 30 September 2019. Subsequent updates on the interest rate can be obtained from our website at https://policecoop.org.sg/specific-deposits-savings-optional/.

Interest rates for the Fixed Deposits Account will also remain the same from 1 January 2019 as follows:

Tenure (Months)

Interest Rates (% p.a.)

$500 to […]

Revised Fees and Charges with effect from 1 January 2018

Please refer to table below for the new fees and charges with effect from 1 January 2018.

Proposer’s Incentive to be credited into bank account

With effect from 1st January 2018, members who propose or recommend friends, family members or colleagues to join the Police Co-operative as members will receive $25 as an incentive to be credited into their bank for each successful referral. Prior to this change, the Co-operative gave members $25 worth of vouchers for each successful referral.

 An existing […]

Make a Nomination for Your Account with Police Co-op Today!

Members have been coming forward to make new appointments of nominee(s) or amend existing nominations of their accounts at the Co-operative after our article on the importance of making a nomination appeared in the October 2016 to March 2017 issue of Police Co-operator.

 

If you have chosen not to make a nomination or there has been […]

Financial Status Self-assessment – How Are You Faring?

Some guidelines to lead you in the right direction on your financial planning!

Making a Nomination – Why is it important?

What is a nomination?

A nomination allows a member to specify an individual or individuals (known as a nominee) who will receive the member’s savings deposited in his/her Police Co-op savings account, and how much each nominee or nominees should receive upon the demise of the member.

Why is it important to make a nomination?

Making a nomination […]

CRS – Individual Tax Residency Self-Certification

What is Common Reporting Standard?

The Common Reporting Standard (“CRS”) is an internationally agreed standard for automatic exchange of information (“AEOI”) on financial accounts between jurisdictions for tax purposes. The objective is to enhance tax transparency so as to detect and deter tax evasion through the use of offshore bank accounts.

More than 100 jurisdictions including major […]

Under the provisions of the Co-operative Societies Act 1979

Before you make a nomination, please note that:

this nomination shall supersede any previously made nominations;
this nomination form must be signed in the presence of 2 witnesses present at the same time (date of signature must be the same). Both witnesses must be at least 21 years old and must not be a nominee themselves. You […]

Phone Call Logging System installed

The volume of phone calls to the Police Co-op has been steadily increasing over the years in tandem with the increase of our membership base. To ensure good quality and consistency of customer service to our members, Police Co-op has installed a phone logging system to monitor all calls received from members and made by […]

Thinking of borrowing from a Licensed Moneylender? DON’T!