Incorporated Chit Funds Association (ICFA) was formed in the year 1966 to cater to the needs of Chit Fund companies in TamilNadu. It was registered under the Societies Act (Act XXI of 1860) with the Registrar of Assurances, Coimbatore on 15th November 1966, with Registration No. 188 of 1966.

The Registered Office has since been shifted to Chennai and the new Registration Number is 157 / 2019 - Chennai Central

ICFA is a member of the All India Association of Chit Funds.