Central Co-operative Fund (CCF)
CCF is a fund set up under the Co-operative Societies Act 1979 (“the Act”), and is under the purview of the Ministry of Culture, Community and Youth.
Last updated on 5 October 2026
Fund oversight
The Central Co-operative Fund (“CCF”)is a fund set up under the Co-operative Societies Act 1979 (“the Act”), and is under the purview of the Ministry of Culture, Community and Youth.
The Minister for Culture, Community and Youth appoints the CCF Committee for the purpose of overseeing the CCF.
Table 1: The current Committee is serving a three-year term effective from 1 March 2024 and comprises the following individuals
Position in the Committee | Name | Designation and Organisation |
Chairman | Mr Vernon Khoo | Chairman and CEO, Flagship Ecosystems Investments Pte Ltd |
Members | Mr Desmond Chin | Executive Director, Registry of Co-operative Societies |
Mr Tng Ah Yiam | Chairman, Singapore National Co-operative Federation | |
Mr Yeo Chun Fing | Former Chairman, AUPE Credit Co-operative Limited | |
Ms Sim Hwee Hoon | Board Director, Singapore Labour Foundation and Income Insurance Limited | |
Dr Wilson Chew* | Chairman (Non-Executive), J.P. Wilson Pte. Ltd. and Director, W.K. Eli Pte. Ltd. |
(*appointed from 1 December 2025)
The Singapore National Co-operative Federation ("SNCF"), the co-operative industry body, is the appointed Secretariat to the CCF Committee.
Contributions to the CCF
Table 2: Co-operatives will make the following contributions on their annual surplus.
Contribution tier | Annual surplus | Contribution | Contributions to be made |
1st Tier | First $500,000 | 5% | CCF |
2nd Tier | Amount in excess of | 15%^ | CCF or Singapore Labour Foundation (SLF)* |
*Co-operatives opting to contribute to SLF must inform the Registrar in writing. The letter must be signed off by the co-operative’s Chairman, Secretary or Treasurer.
^The 2nd Tier contribution rate was reduced from 20% to 15% effective for financial years ending on or after 31 December 2025.
For financial year ended 31 March 2026, co-operative contributions to the CCF was $2.8 million and to the SLF was $81.0 million.
The following graphs illustrate the breakdown of the CCF Contributions and its expenditure for the financial year ended 31 March 2026 (FYE 31 Mar 2026) and its 3-year trend.
What can the CCF be used for?
The Central Co-operative Fund (CCF) can be used to further co-operative education, training, research, audit and for the general development of the co-operative movement in Singapore. This includes the provision of grants to support the development and growth of co-operatives.
Refer to Grants for Co-operative Sector for more information on grants.
Other uses of the CCF
In addition to the CCF grants which are available to all co-operatives, the CCF is also used to implement programmes to raise awareness of the co-operative movement and strengthen the capability of co-operative officers. The programmes run by Singapore National Co-operative Federation (SNCF) include:
Awareness Building
SNCF leverages on media and social media to educate, promote and share inspirational stories of the Singapore co-operative movement and our co-operatives, to a wider audience. Key target audiences include the general public as well as youths. SNCF has also been actively collaborating with co-operatives, youth groups and education institutions to reach out and to raise awareness among youths.
Capability Building
SNCF regularly organises customised training courses so that co-operative officers can perform their roles better. The courses include: (i) Induction Programme; (ii) Co-operative Legislation and Code of Governance; and (iii) Governance Guides on Internal Controls, Loan Management and Investment Management (for credit co-ops). SNCF also organises events like the Annual Co-operative Leaders’ Conference and Co-operative Movement Night, to promote continuous learning and facilitate networking among co-operatives.