About Us
Feroke Co-operative Urban Bank, established in 1995 was primarily aimed to promote the financial interests of economically weaker sections giving due importance to the banking needs of the common people including the industrial and agricultural labourers, small and medium traders, businessmen, salaried individuals etc. in the area of operation of the bank. We have been successful in proving our quality and maintaining a sustainable growth. We are dedicated to fulfill the aspirations and expectations of our customers and to become the pride of our customers, members and employees through the time-tested quality and innovative excellence.
Area of operation of the bank is confined to the geographical limits under the Feroke Municipality, Ramanattukara Municipality, Kadalundi Grama Panchayat and Cheruvannur Village of Kozhikode Corporation.
Our tag line reads ‘The joy of growing together..’ and the bank strives to be in line with the spirit of the tag line.
To be the efficient and financially sustainable Cooperative Bank that’s distinguished by Co-operative Values.
To extend financial support to every associated customer, family and society to make a positive difference in the lives and to grow together.
To give young people and every creative force in our society opportunity, offering a humane alternative banking option.
To offer a comprehensive range of financial services which will be available to all, easily accessible and comprehensible but also competitively priced.
To create for the people of the Feroke Cooperative Urban Bank a secure, friendly and efficient working environment, giving them the scope to evolve with the Organisation.
To contribute to society that trusts and supports us, by modernizing and constantly upgrading our people-centric character.
History
The bank has a humble, but very inspiring beginning. The bank was primarily organised by some businessmen, small industrialists, industrial workers, agricultural labourers and social workers to cater the financial needs of the people. The promoters’ intention was to establish a real co-oeprative bank which is registered as a co-operative society under the Kerala State Cooperative Act & Rules and which conducts its banking operations as laid down in the Banking Regulation Act (As applicable to Cooperative Societies).
The bank was registered as a primary co-operative society on 22.03.1995 with an area of operation of four large grama panchayats, viz. Feroke, Cheruvannur-Nallalam, Kadalundi and Ramanattukara. The bank was issued license to carry on banking business by the Reserve Bank of India on 28.11.1995 (License No. UBD.KER.1183P).
The Bank commenced its banking operations on 03.01.1996. The bank was inaugurated by the Member of Parliament Mr. E. Ahammed.
Mr. C N Vijayakrishnan was the first Chief Promoter of the Bank
Mr. M.C.Mayin Haji was the first President of the Bank. He was in the chair upto 2015. Then Mr. P Abdul Varid was elected as the President of the Bank (2015-2020). Then Mr. K K Alikutty was elected as the President of the Bank (2020-2023). Presently, Mr. K V Shareef is elected as the President and continuing as the President of the Bank.
Head Office
P.B.No. 28, Bus Stand Building,
Feroke (PO), Kozhikode Dt.
Kerala State, PIN : 673631
Phone No. 0495 2486311
E-mail : ho@ferokebank.in
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