A Legacy of Trust & Community Service
For over 35 years, Satyamangalam Co-op Urban Bank Ltd. has been the financial backbone of the Satyamangalam community, empowering lives through inclusive cooperative banking.
Our Story
Satyamangalam Co-op Urban Bank Ltd. was established in 1988 with a vision to provide accessible and affordable financial services to the people of Satyamangalam and surrounding areas in the Erode district of Tamilnadu.
What began as a modest cooperative society has grown into a full-fledged urban co-operative bank, licensed by the Reserve Bank of India. Our journey has been defined by an unwavering commitment to the principles of mutual aid, democratic governance and community empowerment.
Today, with over 50,000 members and a network of branches across the region, we continue to honor our founding purpose — being a bank that truly belongs to the people it serves.
35+
Years of Service
50K+
Active Members
₹500Cr
Total Deposits
RBI
Licensed & Regulated
Our Mission
To provide affordable, accessible and reliable financial services to the people of Satyamangalam, fostering economic empowerment and social well-being through the cooperative model of banking while maintaining the highest standards of integrity and member satisfaction.
Our Vision
To be the most trusted and preferred cooperative bank in Tamilnadu, recognized for outstanding member service, financial stability and positive community impact — a bank where every member thrives and every community prospers.
Our Core Values
The principles that guide every decision we make and every service we deliver
Member Welfare
Every decision we make is guided by what is best for our members and the community we serve.
Integrity
We maintain the highest standards of honesty, transparency and ethical conduct in all our operations.
Inclusivity
We believe in equal opportunity for all, ensuring financial services are accessible to every segment of society.
Growth
We are committed to the financial growth and prosperity of each of our members and the broader community.
Our Journey
Key milestones that have shaped our growth over the decades
Founded as a small cooperative society in Satyamangalam
Received Urban Co-operative Bank license from RBI
Expanded branch network across Erode district
Launched digital banking services for members
Crossed ₹200 Cr in total deposits milestone
Surpassed 50,000 active members across all branches
Our Leadership
Experienced leaders dedicated to guiding our bank toward a stronger future
K. Ramasamy
Chairman
Since 2015
S. Venkatesh
Chief Executive Officer
Since 2018
P. Murugesan
General Manager
Since 2020
R. Lakshmi
Chief Financial Officer
Since 2019
Become a Member Today
Join thousands of satisfied members and experience the difference of banking with an institution that genuinely cares about your financial well-being.
Contact Us