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Co-operator Newsletter: March 2019 issue

“As businesses driven by values not just profit, co-operatives share internationally agreed principles and act together to build a better world through co-operation.”

This remark by the International Co-operative Alliance (ICA) succinctly encapsulates the spirit of collaboration that characterised co-operatives.

It is this very spirit of collaboration that propelled The Methodist Co-operative Society Ltd to leverage and work with other co-operatives to promote mutual help within the co-operative family and produce a win-win outcome.

Mou Silver Horizon Methodist CoopIn December last year, Methodist Co-operative signed a Memorandum of Understanding with  Silver Horizon Travel Co-operative Ltd (SHTCL) to open up new growth possibilities. Silver Horizon Travel Co-operative, a co-operative formed by seniors for fellow seniors, promotes active living and learning through customised travel programs for seniors and to use travel as a platform to build friendship and bonding before, during and after the tour. Their activities are intended to make life more active and meaningful for seniors. The services provided by Silver Horizon Travel Co-operative fit well with the members of Methodist Co-operative as more than 80% of its members are 50 years old or more. By collaborating, Methodist Co-operative’s members get to enjoy same preferential rates as Silver Horizon Travel Co-operative’s members, while Silver Horizon Travel Co-operative gains access to networks and the benefit of having scale which can help lower travel packages’ cost.

Apart from Silver Horizon Travel Co-operative, Methodist Co-operative also collaborated with other co-operatives, i.e. Seacare Co-operative Ltd, Singapore Professionals’ and Executives’ Co-operative (SPEC) and Choice Décor Co-operative Society Ltd. Seacare Co-operative offers Methodist Co-operative’s members discounted local and international hotel stays and medical services while SPEC, reskill courses and Choice Décor Co-operative, affordable renovation services.

Methodist Co-operative is also exploring collaboration with other third parties to enlarge its membership benefit privileges. These include referral programmes covering insurance, real estate, online medical assistance and portable power banks for its members. The co-operative will continue its strive to serve the needs of its members and the local community.

Indeed, they have shown that when we do together, we can then be greater together.



 Other articles from Co-operator Newsletter, March 2019 Issue:

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Singapore National Co-operative Federation
510 Thomson Road #12-02
SLF Building, Singapore 298135
Email: [email protected]
Tel (65) 6602 0747, Fax (65) 6259 9577

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