About Us
About Us
Air Corporations Employees' Co-operative Thrift & Credit Society is a registered Co-operative Society registered under the Co-operative Society Act of Delhi. Its members/shareholders are the permanent employees of Air India. The Society is a welfare organisation which works on No Profit No Loss basis, collects small savings from its members/shareholders and gives small loans to its members/shareholders only, at a very nominal rate as a welfare activity. The Society obtained its Registration Certificate on 24.05.1952 and has been working to the fullest satisfaction of its members/shareholders eversince.
Keeping this philosophy in mind, A.C.E Co-op T & C Society Ltd was started for the serving employees of erstwhile Indian Airlines and Air India in 1959 at Safdarjung Airport under Registration no 444. With barely few hundred members at the time of inception, the number of members went upto a high of about 11000, but with the employees retiring over a period of time, the present membership stands at a little over 6000. The society was created to lend funds to its members for the promotion of their moral, educational and physical improvements and to encourage the spirit and practice of thrift, self help and mutual help with no profit motive among members.
Currently society is being operated from two locations. 1. Registered Office : Air India, Ground Support Department Building, Terminal - 2, I.G.I Airport New Delhi - 37 2. Branch Office : A-320, Terminal-II.
All the branches and registered office of society are connected through high speed internet and members can transact through any of the locations. The Society disburses three types of loans to its members viz Regular Loan, Consumer Loan and Emergency Loan. The Society also undertakes an in house Retirement cum Death benefit Scheme on No profit No Loss basis where a nominal amount is deducted for this purpose every month.
Call us at - 8860350320 or Email:-
acetcsoc@gmail.com