The Tiruchi District Commercial Taxes Department Employees Cooperative Credit Society registered a net profit of Rs.4.54 lakh during 2009-10.
The Society functioning with 182 members has deposited Rs.2.52 lakh in other cooperative institutions. The society sanctioned Rs.71.48 lakh as medium term loan and Rs.2.45 lakh as festival loan to its members last year.
From the net profit yielded, the Society sanctioned 14 per cent dividend to its members, said Anandhi, special officer of the society, while addressing the members during the annual general body meeting held here recently.
M. Ganesan and Lakshmanan, Deputy Commercial Taxes Officers, participated in the meeting.