CRUTECH Community Micro-finance Bank Nigeria Limited was incorporated as Polycal Community Bank Nigeria Limited in 1995 and commenced business in August of the same year. It was a product of necessity to the Polytechnic, Calabar, its community as well as the contiguous communities. For a very long time the area did not have the presence of a bank to service the economic needs of the people. The only means to access banking services was to commute to the city centre. This often resulted in monies being lost to thieves who trailed people to or from banks. Others who could not cope with frequent movement to the city centre became victims of night robberies. For The Polytechnic a lot of man-hour was being lost when workers had to move en-mass to banks in the city centre for salaries. Students were losing study hours and funds commuting to the city centre to pay School Fees. The economic predicament facing The Polytechnic, Calabar then arising from gross underfunding and often late receipt of subvention from the government created a huge administrative burden for management, hence the need for the institution to look inward. The outcome was the establishment of the Polytechnic, Calabar Development Association (PCDA). The PCDA in conjunction with the institution then sought and obtained the approval of the National Board for Community Bank (NBCB) to incorporate and operate Polycal Community Bank. The bank’s Authorized Share Capital of ₦500,000 was fully subscribed and paid.