Minimum Shares of 100ghs
✅Minimum Monthly Savings Deposit of 50ghs
✅Entitled to all benefits of membership
❌❌Exclusions: Prestige membership position and Agency Membership Position
Minimum Shares of 1,000ghs
Minimum Monthly Savings Deposit of 100ghs
Entitled to all benefits of regular membership
Entitled to contest for leadership position subject to other requirements.
Entitled to 25% discount on all loan interest rates.
Exclusions: Agency Membership Position
✅Minimum Shares of 5,000ghs
✅Minimum Monthly Savings Deposit of 100ghs
✅Entitled to all benefits of regular and Prestige membership
✅Entitled to 10% commission on income generated to the union through his or her agency. This includes registration fees, loan interest and annual dues for the primary society.
✅Entitled to 30% discount on all loan interest rates.
I am text block. Click edit button to change this text. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
Its mandatory for every member to open a shares account with a minimum balance of 100 ghs. This account entitles the member to all rights and benefits of membership including share in dividend (profit) at the end of the year. members are not allowed to withdraw their shares until after five years. Kindly refer to our constitution for more details.
It is the responsibility of every member to open a member savings account in which the member will contribute a minimum of 15 ghs per week or 50 ghs to maintain their membership. the member is entitled to a marginal interest every half year and qualifies to access loans and other funds of the union. members who fail to contribute for three months conservatives will be classified as inactive members.
Members have the option to channel or open a Longrich traders commission account through which they will receive their Longrich commission. this account shall be the only means of evaluating the performance of a member’s Longrich business at the time of accessing funds from the union for the purpose of promoting their Longrich business. Members are therefore encouraged to open this account and use it for receiving their Longrich commissions
All members will be entitled to apply for loan after 6 months of membership.
Your Savings balance is doubled for you as double savings loan
Members with regular savings account are entitled to 20% discount on interest rates.
The amount of monthly repayment must not be more than 50% of your monthly average savings
Loans more than 20% of savings balance shall require a credit union member or a group of credit union members to guarantee
You’re therefore encouraged to invite as many friends as possible to join the Credit Union.
Loans more than twice a member's savings shall be subject to Loan's Committee's review and shall be granted subject to a business case and availability of funds.
Members who attain Diamond 3 and above with consistent weekly earnings from Longrich will be entitled to access the Technology Loan fund for the purpose of building their Longrich business. Technological items include Mobile Phones. Tablets, Laptops etc.
Members who are students and attained the rank of Diamond 4 and above with consistent weekly earnings from Longrich will be entitled to access the Educational Loan fund to support their education. The fund shall be used for tution fees payment, education materials, Hostel fees etc.
Members who attain Diamond 5 and above with consistent weekly earnings from Longrich will be entitled to access the car fund.
Members who attain Diamond 7 and above with consistent weekly earnings from Longrich will be entitled to access the House fund.
