Frequently Ask Questions ?
Frequently Ask Questions
Find answers to the most common questions about our services, policies, and procedures. Whether you're an intending member seeking information or an existing member looking for guidance. We have provided you with a clear and concise answers to help you navigate our offerings with ease.
- Members of the FGCW 96 to 2002 set.
- Family and Friends of the set members.
- Complete the registration form.
- Pay registration fee (N10,000 for alumni and N15,000 for non-alumni).
- Recommendation by at least a set member.
- Access to loans (business and personal).
- Dividends from profits made by the cooperative at the end of each financial year.
- Improve your social network with industry professionals.
- Build a healthy competitive saving habit amongst members.
- Expose members to productive financial innovations.
- Command a financial trust circle spurring a platform for productive partnerships.
- Building creditworthiness.
- Guaranteeing Instant funding access when needed.
- Redefining the pension system.
- Loans.
- Osusu.
- Guarantor Scheme.
- Saving Scheme.
- Partnership Scheme.
- Referral Scheme (Limited offering)
Yes, withdrawals from contributions are possible, this reduces shares during profit sharing at the end of the financial year. However, a minimum of two-week notice to the cooperative secretariat is required.
Statement of account are sent out quarterly, however this can be requested on demand pending the development of the cooperative website
Yes, the MPCS has a Byelaws, this can be requested through the secretariat by members only.
N5000 is the minimum monthly contribution, although this is subject to review.
Only in the cause of demise or incapacitation, it shall be transferred to the next of kin.
Yes, but a One month notice and forfeiture of profit for that month.
During the monthly cooperative meetings or via reports circulated via whatsapp.
