Everything
You Need to Know

Membership is open to reliable and trustworthy individuals.

Convictions for theft, fraud, rape, corruption, or dealing in stolen goods.Sowing discord or causing division among members. Financial unfaithfulness publicly disclaimed by their employer. Forging signatures of co-operative staff.

Deposits are only withdrawable three months after registration as a member.

Withdrawals are processed three working days after application.

Members qualify after six months of consistent savings following registration.

Members can borrow up to 300% of their account balance at the time of application.

Members must maintain a minimum account balance of N1,000, even during withdrawals or account closures.

If a member defaults, their surety(ies) becomes liable for repayment.

Attendance at meetings strengthens your position in the co-operative. Members who introduce new members may receive rewards.

Yes, members are free to seek clearance on any unclear issues.