Applicants for membership in KAMCCU Co-operative Credit Union are expected to subscribe to the minimum shares capital of GHC 300.00 to qualify them as members.
Acquisition of the minimum shares qualifies one as Member and part owner at the same time. This must be attained before on can transact any business such as Savings withdrawal, loan, or participate in the election process.
The minimum shares can only be withdrawn on resignation and after giving notice in writing of member's intention to withdraw in line with provisions in the bye laws.
Dividend on shares is currently 10% of a member's Shares balance. This is reviewed annually at the Annual General Meetings: based on the Credit Union's performance for the year.
