There are 3 types of membership –Ordinary, Associate and Institutional Membership.
Ordinary and Associate membership are open to any person residing in Singapore or who has a Singapore residential address and who is at least 40 years of age. A confirmation of membership only when the majority of the executive committee members have given their approval. Institutional membership is open to only trade unions and other co-operatives.
Ordinary
Membership
- Pay Entrance fee of $80
- Subscribe 20 shares of Co-operative $50 per share, equivalent to $1,000 (refundable on resignation after 2 years subject to By-Law 4.9)
- Enjoy travel privileges as accorded to members
- Participate in dividend distribution, if any
- Participate in bonus issue, if any
- Exercise 1 vote irrespective of number of shares held
- Participate at general meeting any other meetings as called
- Stand for election to hold office in Executive Committee
Associate
Membership
- Pay Entrance fee of $80
- Subscribe 1 share of Co-operative $50 per share (refundable on resignation after 2 years subject to By-Law 4.9)
- Enjoy travel privileges as accorded to members
- Participate in dividend distribution, if any
Institutional
Membership
- Pay Entrance fee of $80
- Share subscription is capped at 20% of paid up capital of Co-operative
- Participate in dividend distribution, if any
- Participate in bonus issue, if any
- Appoint 1 delegate to exercise 1 vote irrespective of number of shares held
- Delegate participate at general meeting and any other meetings as called
- Delegate stand for election to hold office in Executive Committee.