Membership Requirements
- Regular monthly savings deductions from salary
- Attendance at general meetings (at least 50% annually)
- Compliance with cooperative bylaws and regulations
- Maintenance of good financial standing
Financial Terms
- Minimum compulsory savings: ₦5,000 monthly
- Voluntary savings can be adjusted with 30 days notice
- Good financial standing required for loan eligibility
- Dividends paid annually based on savings and patronage
- Withdrawals require 30 days notice except in emergencies
Member Obligations
- Prompt notification of changes in employment status
- Update personal information within 14 days of any change
- Adherence to cooperative policies and decisions
- Participation in cooperative activities and elections
By registering, you authorize Law Officers Thrift Credit Cooperative Society Ltd. to deduct your monthly savings directly from your salary through the IPPIS system.