INTRODUCTION
As our Society has continued to grow, there has been an urge to provide a one stop shop for all our members’ financial needs. Towards this end, the Sacco operates a FOSA to meet members’ banking needs hitherto provided by banks. The FOSA also extends additional financial products and services to complement those offered by the back office.
Provision of saving facility to members Enable processing of members’ salaries and dividend payments Provide short and long term credit at competitive interest rates. Provide ATM services (through Sacco Link Card), thus easy access to funds Encashment of Cheques Sale of bankers cheques Offering standing orders to account holders Enable Sacco payments to members through their FOSA accounts
The FOSA services are for all members of the Society.
REQUIREMENTS FOR FOSA ACCOUNT OPENING
FOSA account application form Passport size photo Copy of National ID / passport Birth certificate for Jewel account holders
- Bankers Cheques
- Hazina Sacco Cheque encashment
- Dividend payment
- Standing orders
- EFT and RTGS
- ATM card processing and PIN regeneration services.
- Ensure that they maintain the minimum balance
- Report to Sacco loss of ATM card
- Uphold confidentiality of account information
- Report any discrepancy in the account
- Pay charges pertaining to the account
- Payment of loans and other fees as per the agreement
- Keep safely their ATM card and PIN
Coming up with products that suits member’s needs
- Ensure proper and accurate records are kept
- Confidentiality of information
- Issue members statement upon request
- Offer service to members as required
- ATM at Co-operative Bank or any VISA branded ATMs
- Over the counter deposit and withdrawals of up to Ksh.300,000.00
- Direct credits and debits through Co-operative Bank
- P.O.S (Co-op Kwa Jirani Agents)
Mobile banking is a service provided by Hazina Sacco that allows our Members to conduct Sacco transactions remotely using a mobile device. Members will apply for this service by filling the prescribed forms and dropping it to our Sacco Offices