By P. Chandra Sagaran
Ipoh City Council Employees Cooperative is in 116th position among 16,000 best cooperatives in the country with 10th place in Perak.
It also declared 10 percent dividend on fee capital and another 10 percent on share fee capital which totalled up to RM2.42 million.
On top of that the capital of cooperatives members stood at RM24 million and financing assets reached RM35 million.
Ipoh City Mayor Zamakhshari Hanipah who spoke at the cooperatives 51st Annual General Meeting here on April 23 said”this goes to show the members confidence towards the cooperative.
“The strength of a cooperative is not gauged by the figures but the companionship and family spirit which must be live on among the members,”he added.
The Mayor also urged the cooperative to continue to safeguard its members welfare through funds and other support to ensure that none of the members would be ignored.
Also present were Malaysian Cooperative Societies Commission Perak Assistant Director Muhamad Akmal Ibrahim and the council’s Cooperative chairman S. Mahendran.