Application for membership is on a prescribed application form which should be filled and forwarded to the Office for consideration. Members whose applications are successful are sent an acknowledgement and deduction effected in the Payroll immediately. Employers are required to introduce their employees who wish to join the Cooperatives and commit themselves to deduct and remit all the Societys dues through the Check-off System.
Enjoying lower interest rates currently at (9.5% vs 19%)
Members are paid dividends on shares and interests on savings at year end out of the profits made
Way Forward
Increase individual savings up to 200,000 per month, Increase individual shares to a minimum of 30 and maximum of 5200 shares, More staff should join to secure their future