Shares

Share is a monetary deposit to the union that makes a person a member and partial owner of Kamccu Cooperative Credit Union.

At Kamccu Cooperative Credit Union, buying shares means becoming a part-owner of the cooperative. It’s more than just a financial product — it’s your stake in the union’s growth and future. Investing in shares contribute to strengthening the credit union’s capital base, which helps us expand services and support more members.

Benefits;

• Co-Ownership: Every money deposited into a share account buys you equal ownership in the union and allowing you to participate in important decisions.
• Voting Rights: Holding shares entitles you to full membership and one vote in board elections, regardless of how much money you have deposited.
• Dividends Over Interest: Instead of earning traditional interest, your shares earn a "dividend," which is your portion of the union's surplus profits.
• Acquire Loan: The required minimum share balance qualifies a member to access loans form the union at affordable rate.
• Loan Collateral: The contributed Shares amount serves as collateral until the loan is paid
  

Requirements:

Minimum Share: Minimum share amount of Ghs 500 is required by each member to purchase to qualify for ownership benefits.

However, members may open account with less than the mentioned minimum shares but have up to six months the complete.