About FIEUN Cooperative

ABOUT FIEUN COOPERATIVE
Introduction:
FIEUN Saving and Credit Cooperative Limited is a cooperative organization promoted by Financial Institution Employees Union of Nepal (FIEUN). There is a provision that FIEUN members can obtain membership of the cooperative. Bearing in mind the national and international values and principles of the cooperatives, the organization was established with the objective of extending significant contributions to the economic, social and cultural development of the members, society and entire nation by integrating and mobilizing small and scattered resources and means in service-oriented, income-generating, skill-based and overall productive sector from the optimum use of the knowledge, skill and experience gained in the field. FIEUN cooperative was officially registered in the Division Cooperative Office Kathmandu as per Cooperative Act-2048 BS in Bhadra 27, 2067 BS and registration number is 3482/067/068.
Need of the Cooperative:
The need of the cooperative organization was realized with a conclusion that a strong, exemplary and effective cooperative can be establish and run including thousands of FIEUN’s members with belief on democratic norms, values and system can extend substantial contributions to bring the cooperative movement and trade union movement of Nepal to a new height.
Objectives:
Following objectives have been set for the economic, social and cultural development of the cooperative.
⦁ Motivate and develop habit of daily savings among members.
⦁ Contribute to build a self-reliant and independent society by enhancing the individual and collective capacity of members.
⦁ Mobilize scattered national capital by promoting investments in productive and income generation sector.
⦁ Identify income generation capacity of members to elevate their economic life standards.
⦁ Showcase importance of cooperative in society by conducting service-oriented programs.
⦁ Establish the cooperative as a lead organization of cooperative movement and trade union movement for social justice and up-lift by strengthening democratic values, norms and system.
Office of the Organization:
The office of the organization is located at Kathmandu Metropolitan City, Ward No. 11, Babarmahal. Members outside the Kathmandu Valley are carrying out their transactions through the same office.