MGVCCUL
By joining Menka Green Valley Credit Union, you’re not only ensuring your financial future, but that of your community, church, and school, through a shared membership cooperative that you have a say in. Through your support, we are serving a higher purpose with banking, reimagined. With personalized member service, competitive interest rates on savings, and affordable personal and business loans, we can help you manage your money in a God-honoring way.
How to become a Member
- 1. Buy a minimum number of shares, which is presently 40 at 1000CFAF per share.
- 2. Solidarity fund – 16,000 CFAF
- 3. Building Fund – 10,000 CFAF
- 4. Registration ---- 8,500 CFAF
- 5. Save a minimum of 5000CFAF
- 6. Submit 3 passport size photographs (4x4cm)
- 7. Submit a photocopy of national Identification card.
Requirements:
- i. For minors: submit photocopy of birth certificate, and designate a person who will operate the account on behalf of the minor.
- ii. For groups: submit.
- 1. An application signed by all the EXCO members, stating the person who will be signatories to the account..
- 2. A copy of the constitution of the group and a registration certificate for social/business groups
- 3. A copy of the minute of the meeting in which it was decided that an account be opened in MGVCCUL
- 4. Business enterprise should submit complete fiscal and administrative documents.
Membership benefits:
- Safe custody of member’s financial resources
- Granting of loans at relatively low interest rates
- Interest payment on member’s savings yearly
- Deposit withdrawal at will
- Opportunities to attend meetings and participate in decision making
- Free financial advice and counseling
- Opportunity to attend meetings and participate in decision making.