FAQS

  • WHO QUALIFIES TO BE A MEMBER OF CASS SACCO

The membership is open to all who are ready to abide by the rules and regulation.

  • WHEN IS ONE ABLE TO TAKE A LOAN.

Basically one applies a loan after saving consistently for six months. Prudent planning is advised based on the need of the member.

  • WHAT FORM OF SECURITY IS ACCEPTABLE.

Personal savings

Guarantors, persons or corporate

Land title deed.

Share certificates

Vehicles logbook

  • HOW CAN ONE EXIT OR TERMINATE MEMBERSHIP.

One must give a written notice to the BOD. Upon receipt of the letter the funds are released after 60 days.

  • WHAT HAPPENS TO A MEMBERS SAVINGS SHOULD A MEMBER DIE

Every member  is required to provide nominee upon registration as a  member.

  • A nominee is the person designated by a member to receive the proceeds of any payable funds upon the death of the member
  • All members are required to provide details of nominee(s) upon registering as members.
  • One can change and/or update his/her nominee information as when and need arises.