Membership
Who can join, what it costs, how shares and savings work, and the terms on which the Society lends.
Who can become a member
Age & character
Any person not below 16 years of age and of proven character may apply.
Written application
Members are admitted on applying in writing to the Management Committee, subject to approval of the General Meeting.
Entrance fee
A one-time entrance fee applies on confirmation of membership — contact us for the current amount.
Every member holds a stake in the Society
Members subscribe to shares in the Society, building an ownership stake that grows alongside their savings. Share values and minimum holdings are reviewed periodically by the General Meeting — contact us for current terms.
Three ways members save
Ordinary thrift savings
Every member contributes a fixed amount monthly, paid at the monthly General Meeting.
Special savings
Members may save any additional amount monthly, withdrawable on short notice.
Deposits
Deposits of any amount, at any time, withdrawable as required — large withdrawals may need one month's notice.
Loan terms
Loans are made for productive purposes, reviewed by the Loan Committee against the Society's available funds. Interest rates, repayment periods and security requirements are kept competitive and member-friendly — contact us for current terms and to apply.
Four steps to full membership
Apply in writing
Submit a written application to the Management Committee.
Get approved
Your application is confirmed at the next General Meeting.
Pay in
Pay the entrance fee and subscribe to your shares.
Start saving
Begin monthly thrift savings and receive your member ID and portal access.