The Meenachil East Urban Co-operative Bank Ltd.
Originated as a village co-operative society in 1958, which in later years was converted as a Service co-operative bank during the year 1961. On March 20th 1975, the bank was again upgraded as an Urban bank. The area of operation of the Bank is spread over 16 Panchayats of the Kottayam District. The bank is one of the top 5 urban banks in the State and first in the District.