The story of how we grew from a small savings group into a thriving cooperative society.
The Sangere Multi-purpose Cooperative Society (USSMPCS) was established by a group of visionary university staff members who recognized the need for a reliable and member-owned financial institution that would serve the unique needs of academic and non-academic staff.
Founded on the bedrock of cooperative principles — voluntary membership, democratic control, member economic participation, autonomy, education, cooperation, and concern for community — the society has steadily grown in membership and financial strength.
What started as a modest thrift and credit initiative among colleagues has evolved into a full-fledged multi-purpose cooperative providing savings mobilization, loan facilities, investments, and welfare services to hundreds of members and their families.
Today, USSMPCS stands as a testament to the power of collective effort — a model cooperative that continues to expand its services while maintaining the highest standards of financial governance and member trust.
A group of dedicated university staff came together to establish the cooperative, pooling their resources to create a member-owned financial institution.
The society was formally registered with the relevant government authorities, gaining legal recognition and expanding its membership rapidly.
A formal loan scheme was introduced, providing members with access to affordable credit for personal, educational, and business needs.
Adoption of a comprehensive digital platform to manage member accounts, loans, contributions, and financial reporting with greater transparency.
The cooperative continues to grow, serving hundreds of members with diversified financial products and unwavering commitment to cooperative values.
We support each other in times of need, embodying the true spirit of cooperative membership.
We uphold the highest standards of financial transparency and ethical governance in all our operations.
Our doors are open to all eligible university staff regardless of rank, department, or faculty.
We invest in the long-term financial health of the cooperative for the benefit of future members.
We empower members through financial literacy and cooperative education programs.
We care for the broader university community and contribute to its socio-economic development.