Fiapre Calvary Methodist Cooperative Credit Union offers shares as a key financial product, giving members a chance to invest in the cooperative. By purchasing shares, members effectively become part-owners of the credit union. This ownership comes with a stake in the union's success, as members are not just customers but contributors to its growth and decision-making processes.
This product benefits both the individual member and the cooperative as a whole. On one hand, the funds raised through shares help the credit union grow, expand its services, and strengthen its financial base. On the other hand, members who invest in shares enjoy several financial advantages, such as receiving dividends (a portion of the credit union's profits) and having access to better financial products, such as loans at lower interest rates.
By purchasing shares, members become co-owners of the credit union and gain voting rights, allowing them to participate in important decisions during annual general meetings.
Shares can be purchased at flexible and affordable rates, making it easy for members to increase their holdings over time according to their financial strength.
Shares are a safe investment, backed by the solid asset foundation and operational success of FCMCCU, ensuring long term stability and piece of mind.
Shares can be transferred or inherited by family members or other designated beneficiaries, ensuring continuity of ownership and legacy wealth.
Shareholders enjoy priority access to special cooperative financial products, preferential loan interest rates, and customized school fee savings plans.
Must be a registered active member of Fiapre Calvary Methodist Cooperative Credit Union (FCMCCU) with valid national ID documentation.
There is a minimum number of shares (minimum entry capital of GHS 100) that each member is required to purchase to qualify for co-ownership benefits and voting power.
Members may be required to make regular voluntary contributions or monthly payments to steadily increase their total shareholding assets or maintain preferential rates.
