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S Shri Venkataramana Credit Co-operative Society was established in the year 1997 at Sullia by Gowdara Yuva Seva Sangha (R) Sullia, a community based social service organization. The prime aim of the society is to cater the financial needs of the local public of all sections of the society. Mr. Jayaram P. C was the founder president and Mr. Vishwanath K.T. was the founder chief Executive officer. Under the able leadership of the president, directors and staff the society laid its strong foot with Rs.5,95,300 share capital and 430 founder members. Over the years society progressed dramatically under the dynamic leadership of its past presidents Mr. Sadananda Jake, Mr. Nithyananda Mundodi, Mr. A.V. Theertharama and present president Mr. Chandra Kolchar. The new branches were opened in Puttur, Vitla, Kadaba, Belthangadi, B C Road, Mangalore and Madikeri. At present the society has 7000 members with Rs.2 Crore share capital and annual turnover of Rs. 200 Crore.
The sophisticated and fully are conditioned Head office which is first of its kind located in its own land and building in Sullia functioning with full swing to provide all types of financial services to the customers. The society provides all types of traditional Co-operative and financial services in adition to that the society is tied up with Axis bank and provides all modern facilities of financial transanctions. Such as NEFT, RTGS, Issuunce of Demad drafts. It also has E-stamp vending facility of govt of Karnataka and collaboration with western union money transfer to cater the needs of NRI’s to transfer money from across the country and globe. The safe locker facility is available in the head office and all branches.
The society has the track record of achieving profit continuously from the inoption and distributing 12-15% dividend every year to its shareholders. In the year 2015-16 the society received prestigious Best Co-operative Society state award from the govt of Karnataka.
The society plans to open its new branches in Mysore, Bangalore and in each district head Quarters in the near future. With the strong and unwavering support from from members and shareholders the society is progressing in the right direction and becoming mightier and wealthier day