The Bank was incorporated in 01-05-1915 and started functioning on 24-05-1915, Under the Madras Co-operative Societies Act 1904.The registered office was at Kannur, and the area of operation was Kannur Municipality and Cantonment. The first Director Board meeting was held on 24-05-1915.
Present Area Of operation: Kannur Corporation, Kannur Cantonment, Chirakkal, Valapattanam, Mundery, kadambure, keezhallore, koodaly and IrikkoorPanchayat’s
Now 27 permanent staff are working in this bank. Apart from this 13 persons are working on commission basis.
In the Year May 1945, Cannanore Urban Co.Op Society, converted into CannanoreCo.Op Urban Bank Ltd, 1534. The bank came under the Banking Regulation Act and obtained the branch license in 1985.
The bank started to expand its activities and purchased land on 7.10.1987 to construct the Head Office building and the building was inaugurated on 2.10.2001.
The modernization process started with introduction of computerization in the year 2002 and implemented Core Banking System on 27.11.2010.
As per the General Body meeting held on 3.8.2012 approved to change the name of the Bank as KANNUR CO.OPERATIVE URBAN BANK LTD, 1534 instead of CannanoreCo.Op Urban Bank Ltd. 1534.
R T G S and N E F T facility is available for easy fund transfer anywhere in India. We are member in the Chennai Bankers Clearing House and Electronic Clearing House at Thiruvananthapuram and provides C T S Clearing and E C S Clearing to our customers. We have installed A T M and provides transactions in all India basis and A T M cards of all banks are accepted at our A T M’s. Aadhar based A P B S and immediate money payment system will be introduced very soon. Now we are entering the cash less transaction scenario without delay.