Mon . 18 Sep 2018

Exodus Savings and Credit Cooperative Society Limited

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Exodus Savings and Credit Cooperative Society Limited, also referred to as Exodus Sacco, is a savings and credit co-operative society in Uganda It is an institutional Sacco, composed of Uganda National Police UNP personnel and their families

Contents

  • 1 Overview
  • 2 History
  • 3 Branch network
  • 4 Governance
  • 5 See also
  • 6 References
  • 7 External links

Overview

As of April 2014, it had total assets in excess of UGX:7 billion, with approximately 21,500 members Membership is restricted to those in active service with the UNP and members of their families The main objective is to mobilize savings from members and make loans to members at reasonable interest rates to improve their welfare Exodus Sacco is the second-largest security forces-related Sacco in Uganda, behind the much bigger Wazalendo Savings and Credit Cooperative Society

There is another Uganda Police Sacco called Police Savings Association Limited, which was started in 1989, and the two Saccos compete for members

History

The Sacco was formed in Kampala, in 2007, to be operated by members of the Uganda National Police, for the benefit of members of the UNP and their families The concept was introduced to police units in other areas of the country, with mixed success

Branch network

As of April 2014, Exodus Sacco had only its main office in Kampala

Governance

As of May 2012, Exodus Sacco was governed by a nine-member executive committee, chaired by Laban Muhabwe

See also

  • Banking in Uganda
  • Economy of Uganda

References

  1. ^ Nakabugo, Zurah 11 April 2014 "Police Sacco To Offer Loans To Ugandan Public" The Observer Uganda Retrieved 2 September 2014 
  2. ^ Bagala, Andrew 1 March 2012 "Senior Officers In Row Over Savings" Daily Monitor Mobile Kampala Retrieved 2 September 2014 
  3. ^ URN, Reporter 4 April 2009 "West Nile Police Reject SACCO" Uganda Radio Network URN Retrieved 2 September 2014 
  4. ^ Uganda National Police 28 May 2012 "Police Sacco Savings Hits Shs2 Billion" Uganda Police Force via Facebookcom Retrieved 2 September 2014 

External links

  • Kayihura Wants Cops To Belong To SACCOs
  • Police Response To Mr Karugaba's Article

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