The Angul United Central Cooperative Bank Ltd., Angul bearing registration No. 9/D DT. 08.10.1956 came into existence on 8th October 1956. Prior to this there were two Central Cooperative Bank namely Athmallik Central Co-op Bank and Angul Central Co-op. Bank were functioning in undivided Dhenkanal District. As per the recommendation All India Rural Credit Survey Committee both the Banks were merged and the Angul United Central Cooperative Bank Ltd. came into existence with its Head Office at Angul. The Bank has spread its network in 16 Blocks through 17 Branches as well as urban areas in the district of Angul and Dhenkanal. By this time it has got 17 Branches of its own with 3 extension counter, Angul, Dhenkanal & Banarpal.
The Bank has completed 55 years of its functioning and since its inception it has been making sincere attempts and striving hard to achieve its objective. The Bank has made all out effort to cater the needs of members and socio economic up-liftment of Agriculturist, labour, artisan weavers etc. through primaries societies in different ways such as providing loans and advances and tapping of deposit under the three tire system of Cooperative Credit Structure of the State. It plays a vital role in augmentation funds keeping close liaison with State Cooperative Bank, State Government and Central Govt. & takes effective measure for implementation of various scheme formulated by the State and Central Govt. through its affiliated Societies along with by undertaking various poverty eradication programme launched by the Govt. from time to time. The Bank has also provide financial assistance by way of Consumer Durable loans, SRTO loans, Cash Credit loan to individuals, medium terms, Non Agril loans through salary earners SGSY, Group finance, SHG finance etc. To increase the thrift habit of the member as well as non member, the Bank has adopted the deposit mobilization scheme and as approaching the depositors to there doorstep.
However the Bank has witnessed a number of ups and down in the itís long years it devoted and dedicated services and stands as a mile stone for fulfillment of its objective.