Membership Overview
How to become a member
- One should be within the common bond i.e.
- ACCA Uganda Members in good standing on the ACCA Global Member Register.
- ACCA Uganda Affiliates in good standing on the ACCA Global Member Register.
- ACCA Uganda Students in good standing on the ACCA Global Member Register.
- ACCA Uganda Members’ Spouses and Biological Children.
- ACCA Uganda Country Office Employees.
- Pay up registration fees of Ugx. 20,000.
- Meet the monthly saving obligation of Ugx. 50,000 per month starting from the month of registration. This define active and dormant members. For this a social security account is maintained for each member that earns interest at a rate determined by the AGM.
- Fully pay up the minimum shares – 10shares each at Ugx. 50,000.
Membership Benefits
Access to Savings and Credit
SACCOs provide members with access to savings and credit facilities, which can be difficult to obtain from traditional banks. This can help members to save money, invest in businesses, and improve their livelihoods.
Affordability
SACCOs typically have lower interest rates and fees than commercial banks, making them more affordable for low-income earners.
Community-Based
SACCOs are owned and operated by their members, which means that they are accountable to the community and can tailor their services to meet the specific needs of their members.
Financial Inclusion
SACCOs play a key role in promoting financial inclusion in Uganda by providing financial services to people who would otherwise be excluded from the formal financial system.
Social Cohesion
SACCOs can promote social cohesion by bringing people together from different backgrounds.
Economic Development
SACCOs can contribute to economic development by providing loans to small businesses, which can create jobs and stimulate economic growth.
Social Impact
SACCOs can also have a positive social impact by providing financial services to people who are living in poverty or who are otherwise marginalized.
Empowerment
SACCOs can empower members by giving them control over their own finances.
Education
SACCOs can provide financial literacy education to their members, which can help them to make better financial decisions.