Save with structure. Grow with confidence.
Every member holds a Share & Savings, Special Savings, and — on confirmation — an Investment Account, each built for a different purpose.
Three accounts, one steady plan
Share & Savings Account
Guest & Confirmed Members
Your core cooperative account. Monthly contributions build this balance steadily and it forms the basis of your loan eligibility.
- Minimum monthly contribution of ₦5,000, credited automatically
- Protected — no self-debit; withdrawable on exit only
- Determines your loan exposure limit
Special Savings Account
Guest & Confirmed Members
A flexible everyday account for transfers, airtime, and other transactions within your daily limit.
- Includes a compulsory ₦1,000 monthly Development Levy
- Unrestricted member-initiated transactions
- No overdraft permitted
Investment Account
Confirmed Members only
Unlocked once you reach Confirmed membership. Grows through cooperative investment yield per board policy.
- Available to Confirmed (OCFD) members
- 10% annual return, subject to yearly financial performance and Board approval
- Debits require Account Officer and Finance Manager approval
Built for consistency, not speculation
Protected Balances
Core savings are safeguarded — no self-debit on your Share & Savings Account.
Steady Growth
Consistent monthly contributions compound into meaningful savings over time.
Automatic Discipline
Contributions process automatically each month, removing the guesswork.
How monthly contributions work
Contributions are split automatically between your Share & Savings and the cooperative's Building & Development Fund, and posted through a fully auditable double-entry journal.
Common questions about savings
Contributions are processed monthly through your registered payment channel — card, bank transfer, USSD, or payroll deduction where applicable. You'll receive a reminder a few days before your due date.
The Share & Savings Account is a protected, long-term balance. It's designed to be withdrawn when you exit the cooperative, not for everyday spending — that's what your Special Savings Account is for.
A short grace period applies before a missed contribution is treated as arrears. Extended arrears can affect loan eligibility, so it's best to keep contributions current or contact us if you're facing difficulty.
Investment Accounts are available once you become a Confirmed Member — typically after six months of consistent contributions as a Guest Member with no outstanding arrears.
An annual maintenance fee of ₦5,000 applies for administrative and operational support. If you exit the cooperative, a 4% administrative processing fee is deducted from your balance where applicable.
Start building your savings today
Membership takes minutes to apply for — your accounts are created automatically on approval.
Fun Iserere Temi Tire — For the benefit of mine and yours