About Us
For over thirty years, Swasakthi Mercantile Co-Operative Urban Bank has been a financial pillar of our community. Today we bring the co-operative banking model online with flexible revolving credit lines.
Our Story
The Swasakthi Mercantile Co-Operative Urban Bank Ltd. was founded to give the people of Vijayawada and Krishna District in Andhra Pradesh access to banking that is affordable, reliable and close to home.
We began as a small co-operative society and grew into a full-service urban co-operative bank, always guided by mutual help, democratic governance and community empowerment.
Today, Swacredit Plus revolving credit lines let members access funds whenever they need them and pay interest only on what they use, keeping our original promise: a bank that truly belongs to its members.
To provide affordable, accessible and trustworthy credit to the people of Vijayawada through the co-operative banking model, so that every family and small business has a limit to count on in times of need, while upholding integrity and member satisfaction and promoting economic empowerment and social well-being.
To be the most trusted and preferred co-operative bank in Andhra Pradesh, known for outstanding member service, sound financial health and positive community impact, where every member can use credit responsibly and every community prospers.
Core Values
The values that guide every choice we make and every credit line we design.
Every credit line is designed and priced around what is best for our members and their community.
Rates, fees and terms are explained clearly upfront. We hold ourselves to the highest standards of honesty and ethics.
We believe in equal opportunity, bringing formal and fair credit within reach of every section of society.
We are committed to the financial growth of every member and the wider community, using credit as a tool to improve lives.
Our Journey
From our founding to the bank members rely on today.
Founded as a small co-operative society in Vijayawada.
Received an urban co-operative bank licence from the Reserve Bank of India (RBI).
Expanded our branch presence across Krishna District.
Introduced digital banking services for our members.
Launched revolving credit lines that members can draw and repay anytime through the app.
Serving over 50,000 active members across our branches and online.
Leadership
A management team accountable to the members who own this bank.
Leads the Board and safeguards co-operative principles and member interests.
Oversees day-to-day operations and sets our strategy for sustainable digital lending.
Owns credit policy and risk management, so every limit is prudent and fair.
Protects the bank’s financial health, audit standards and regulatory compliance.
Join thousands of members who bank with an institution that genuinely cares about their financial well-being, and open a revolving credit line of your own.
