Membership
MEMBERSHIP APPLICATION PROCESSES

No. 34 Atu Street, Calabar at a cost of N1,000 or the Form be downloaded from its website.
After submission of the completed Application Form, a prospective member is required to make three (3) consecutive appearances before the Management Committee during the Committee’s Weekly Wednesday Meetings.
The Management Committee considers the application for membership received and, being satisfied, grants temporary admission to the member, pending ratification and confirmation of the new member by the General House at the Quarterly General Meeting.
To ensure strict compliance with its membership requirements, the Society keeps accurate record of the documents submitted by a prospective member as well as the number of meetings attended.
A newly confirmed member is only eligible to apply for loan after one (1) year of being admitted into the Society while an unconfirmed member is not qualified under any circumstances to seek credit facility from the Society.
MINIMUM SHAREHOLDING STRUCTURE AND OTHER
REQUIREMENTS FOR NEW MEMBERS
A new entrant submits two (2) of his/her recent passport photographs in addition to paying a minimum of N35,000 to the Society on the day of admission, a breakdown of which is provided below:
Shares - N30,000.00
Thrift Savings - N2,500.00
Entrance Fees - N1,000.00
Documentation - N500.00
Bereavement Fund (for the 1st year) - N1,000.00
The official passbooks of members are kept safely with the Society whereas the duplicate copies are left in members' custody for their information and entries confirmation.
ADMISSION DOCUMENTATION
The Society issues the following documents to a new member upon admission:
• Two (2 ) Passbooks;
• One (1) copy of the Society’s Bye-Laws;
• Two (2) copies of Nominee Declaration Forms; and
• Two (2) nominee envelopes.
The official passbooks of members are kept safely with the Society whereas the duplicate copies are left in members' custody for their information and entries confirmation.
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