The Azhiyur and Aikya Nanaya Sangam, formed in 11.12.1922 was transformed as AzhiyurService Co-Operative Bank Ltd. and registered as 7893 on 26.02.1972 and started functioning from 07.03.1972.

Currently, the Bank has been able to transform into a class 2 'Karshika Vaypa Sahakarana Sangam'.

In terms of fixed assets, excluding the premise of the Bank's headquarters, Bank holds 2.5 cents in Azhiyoor as a land asset