The Co-operative Societies’ Ordinance
The Co-operative Societies’ Ordinance of 1924 allowed organisations to register and operate as co-operative thrift and loan societies.
Registration of the Singapore Police Co-operative Thrift and Loan Society
On 18 August, the Sharikat Polis Repablik Singapura Bekerja Sama-Sama Jimat Chermat, Menyimpan Dan Pinjaman Wang Dengan Tanggongan Berhad or the Singapore Police Co-operative Thrift and Loan Society (SPCTLS) was registered with the Registrar of Co-operative Societies for the Straits Settlements and the Federated Malay States. It operated out of the Central Police Headquarters building on South Bridge Road.
It was the first co-operative society to be registered for uniformed personnel in the Singapore Government Service, and a key pioneer of the co-operative movement.
8th Annual General Meeting
At the 8th Annual General Meeting of SPCTLS, presided over by Society “Patron”, Mr H. Fairburn, Inspector General of Police, membership was listed as 1,700 and the Society declared S$150,000 (roughly S$4.5 million today) available in capital accounts.
Cessation of Co-operative Societies
All co-operative societies ceased operations during the Japanese Occupation. Civil government was restored in April 1946.
Police Co-operative’s Post- War Revival
The Co-operative re-emerged from the ashes of war. Headed by the First Welfare Officer of the Singapore Police, ASP H. Hall, the Co-operative went from 1,956 to 2,347 members in its first two years.
Launch of Silver Jubilee Scholarship Fund
The Co-operative launched a Silver Jubilee scholarship fund to aid the children of members who were killed in action during the Malayan Emergency or who were otherwise incapacitated and invalided out of the service.
Award of Education Scholarships to Members’ Children
The Co-operative presented 197 education scholarship awards to the children of society members at a special ceremony at the Police Training School.
Relocation of Police Co-operative to Hill Street
The Co-operative moved to Hill Street Police Station and Barracks along with the Police Welfare Division.
Opening of First Police Co-op Store
The Kinloss Retail Shop opened. It was named after its initial location in the Kinloss House (next to the former Ladyhill Hotel) located near No. 3 Lady Hill Road. The Co-operative itself would move there the following year.
Relocation of Police Coop to Lady Hill Road
The Co-operative moved to No. 3 Lady Hill Road, the site of the Kinloss House, which would lend its name to the Co-operative’s Kinloss Retail Shop.
Establishment of Premier Security Co-operative Ltd
Premier Security Co-operative Ltd was established as a joint venture between Police Co-operative and The Singapore Government Staff Credit Co-operative Society Ltd.
Premier Security continues to thrive today, with over 200 officers providing reliable and professional security services to more than 30 clients.
Launch of Fixed Deposit Scheme
The Fixed Deposit Scheme for members was launched.
Relocation of Police Co-operative to Middle Road
The Co-operative officially opened for business at its new location at the Hua Bao Building, 21 Middle Road. This marked the first time that the Co-operative was not headquartered in SPF premises, and the first time Police Co-operative owned its own headquarters.
Launch of Police Co-operative’s Website and New Logo
The Co-operative launched its new logo; symbolizing the forward-looking nature of the Co-operative. The logo remains in use today.
The first version of the website for Police Co-operative was also launched, which marked the Co-operative’s first step towards digitalisation.
Assets Crossed $100 Million Mark
The Co-operative’s assets surpassed $100 million.
Incorporation of SPCS Consultancy Pte Ltd
SPCS Consultancy Pte Ltd, a joint venture with SECOM (Singapore) Pte Ltd, was incorporated on 27 July 2006. It offers consultancy services and designs customised training programmes in general policing for its local and overseas clients.
It became a wholly owned subsidiary in 2016 and currently provides employment opportunities for more than 140 retired and former Home Team officers.
85th Anniversary, Launch of STSS & Social Media Beginnings
The Co-operative’s 85th anniversary was celebrated with a gala dinner.
The Subscription to Savings Scheme was also launched, offering fixed returns to the co-op’s savers on their Subscription account balance.
The Co-operative began its social media outreach with its first Facebook post on 13 July 2011.
SPCS Membership Crossed 10,000
The Co-operative’s membership crossed the 10,000 mark.
Assets Crossed $200 Million Mark
The Co-operative’s assets surpassed $200 million.
Launch of Members’ Online Portal
The Members’ Online Portal was launched in November 2023, providing members with convenient online access to check balances and update personal details.