Products & Services

This is an account every member must maintain in order to gain and exercise the rights

and obligations of a member as stated in the Bye-Laws of GIC COOP-BOD Credit Union.

Payment of full shares of Fifty thousand (50,000) francs cfa gives you equal rights

including voting rights as a member.

The shares can only be withdrawn upon closure of the account which requires a prior

notification of three (3) months.

This is the member’s investment account to which interest is credited at the end of the

year. The savings in this account and the frequency with which you save forms a base

which determines your ability and amount for a loan.

Any withdrawal ABOVE Fifty thousand (50,000) francs cfa from the savings account

requires one-week withdrawal notification. Failure to notify the Credit Union before

carrying out a withdrawal request above fifty thousand (50,000) francs cfa will attract a

charge of ten (10) francs cfa per one thousand (1,000) francs cfa.

This is a current account where members deposit and withdraw money at any time

without notification. This account does not generate interest for the member but rather

attracts a service charge of five (5) francs cfa per one thousand (1,000) francs cfa.

This account is available to members and potential members. A daily collection agent

meets a holder of this account at his/her business location to collect and record the

member’s daily savings. This account is charged once a month. Five hundred (500)

francs cfa is charged for amount ranging from one thousand (1,000) francs cfa to

twenty-five thousand (25,000) francs cfa and One thousand (1,000) francs cfa is charged

for collecting amount ABOVE twenty-five thousand (25,000) francs cfa.

This account is opened to Educational Establishments like Nursery and Primary schools,

Colleges, Professional schools and Universities. It gives the opportunity for parents and

guardians to pay their children’s school fees through GIC COOP-BOD Credit Union.

We can also give loans and overdrafts to schools to carry out emergency projects or

supplement teachers’ salaries in time of needs. We are ready for partnership.

This account takes care of future needs in education, healthcare and others for children

less than 18 years. Registration is 2,500 francs cfa and withdrawal is free without prior

notification. This account also yields interest.

This account is reserved for legalized groups like meetings, associations, NGOs, churches

etc. It is for the safe-keeping of group funds to avoid misappropriation by individuals.

Interest is paid on amount saved and withdrawal is free of charge.

Group accounts are reserved for legalized groups such as meetings, associations, NGOs, churches, and other organizations. This account is designed to help these groups safely keep their funds in one place to avoid misappropriation by individuals. The group account offers a safe and secure way for groups to manage their funds, and it comes with free withdrawals and competitive interest rates paid on the amount saved. This account is ideal for groups that need to save money towards a common goal or project and want to earn interest on their savings.

At GIC COOP-BOD Credit Union, we understand that groups need a reliable and trustworthy financial partner to help them manage their funds. Our group account is designed to meet the unique needs of these groups and provide them with the peace of mind they need to focus on their projects and goals. Our experienced staff is always available to provide guidance and support to groups as they manage their finances and work towards their objectives.

our group account is an excellent option for legalized groups that need a safe and secure way to manage their funds. It offers competitive interest rates, free withdrawals, and expert guidance and support from our experienced staff. Contact us today to learn more about our group account options and how we can help your group manage its finances with ease.

This is a loan granted to registered and legalized meeting groups.

Njangi financing is a loan product that is designed to help registered and legalized meeting groups access funds for their activities. Njangi is a traditional savings and lending scheme that is popular in Cameroon and other African countries. It involves a group of people who pool their resources together and take turns to receive a lump sum of money. The lump sum is usually the total amount contributed by all the members of the group, and it is paid out to a different member of the group each month until everyone has received their share.

Our Njangi financing product allows registered and legalized meeting groups to access a lump sum of money upfront that they can use to support their activities. The loan is granted based on the total amount of contributions made by the group members and the repayment terms are flexible and tailored to the group's needs. Our loan officers are always available to guide groups through the application process and help them determine the amount of loan they can qualify for based on their contributions.

Njangi financing is a great option for registered and legalized meeting groups that need access to funds for their activities. It's a traditional savings and lending scheme that is tailored to the needs of the group and offers flexible repayment terms. Contact us today to learn more about our Njangi financing options and how we can help your group access the funds you need.

With the advancement of technology, we understand the importance of providing our members with convenient and accessible financial services. We have put in place interconnectivity that allows us to offer money transfer services to our members in the form of deposits and withdrawals. Our vision for mobile technologies is to expand access to financial services to the poor through mobile banking (M-Banking). In line with this, we will be partnering with the U.S. Agency for International Development (USAID) for technical and logistical support on our mobile banking platform to enable cross-border transactions. USAID is committed to promoting and expanding access to mobile financial services for the poor, and we are proud to be partnering with them to achieve our shared goal.

At GIC COOP-BOD Credit Union, we are committed to providing our members with innovative financial services that meet their changing needs. Our mobile financial services are designed to make banking more accessible and convenient for our members, especially those in remote areas. We are constantly exploring new ways to use technology to enhance our services and offer our members the best possible banking experience. Contact us today to learn more about our mobile financial services and how we can help you manage your finances on the go.

This is an account in which the credit facility of a member is recorded. In this account

we have two main categories – loans within savings known as special savings facilities

(SSF) and loan above savings.

Loans within savings attract an interest rate of one (1%) percent per month while loans

above savings attract an interest rate of one and a half (1.5%) percent per month.

Some of the loans offered are: -    Click Here for More on Loans

Long, Medium and Short Term Loans

We offer a range of loan options to meet the diverse needs of our members, including long, medium, and short-term loans. These loans are granted for various purposes, such as education, medical expenses, home renovations, and business investments, among others. The repayment duration for our loans ranges from 3 months to 60 months maximum, giving our members the flexibility they need to repay their loans comfortably. We understand that our members have different financial needs, and we strive to provide them with tailored loan solutions that meet their unique circumstances. Our loan officers are always available to provide guidance and support to our members as they navigate the loan application and repayment process.

In conclusion, our long, medium, and short-term loan options are designed to help our members achieve their financial goals and improve their overall well-being. We pride ourselves on offering competitive interest rates, flexible repayment terms, and excellent customer service. Whether you need a loan to finance your education, start a business, or cover unexpected expenses, we have the loan options and expertise to help you achieve your goals. Contact us today to learn more about our loan services and how we can help you achieve financial success.

Overdraft Facilities

Overdraft facilities are loans granted to civil servants, pensioners, and other salaried employees whose salaries are paid through GIC COOP-BOD Credit Union. These loans are designed to help members meet their short-term financial needs, such as unexpected bills or emergencies. Overdraft facilities are deducted at source from the member’s monthly salary, making them a convenient and hassle-free option for members who need quick access to funds.

To qualify for an overdraft facility, members must be salaried employees whose salaries are paid through GIC COOP-BOD Credit Union. They must also have a good credit history and demonstrate an ability to repay the loan. Members can apply for an overdraft facility through our online portal or by visiting our offices. Our loan officers are always available to guide members through the process and help them determine the amount of loan they can qualify for based on their income and expenses.

overdraft facilities are a convenient and hassle-free way for members to access funds when they need them. They are deducted at source from the member’s monthly salary, making them a worry-free option for those who need quick access to funds. Contact us today to learn more about our overdraft facility options and how we can help you meet your short-term financial needs.

Express Loans

These are loans granted to members who have already engaged loans.

Express loans are a type of loan that is granted to members who have already engaged loans. They are typically designed to help members with urgent financial needs that require quick access to funds. These loans are processed quickly, and the funds are disbursed within a short period, often within a day or two of application.

At our institution, we understand that life can be unpredictable, and unexpected financial needs can arise at any time. We offer express loans to our members to help them manage these financial emergencies quickly and effectively. Whether it's a medical emergency, unexpected car repairs, or any other urgent financial need, an express loan can help you meet your financial obligations promptly.

Express loans are a great option for members who have already engaged loans because they have already established a credit history with us. This makes it easier for us to assess their creditworthiness and determine the amount of loan they can qualify for. In addition, the loan terms and conditions for express loans are generally more favorable than those for new loans. The repayment period for express loans is usually shorter, which means that members can clear the debt faster and avoid accumulating interest charges.

To qualify for an express loan, members must have an active loan with us and a good credit history. They must also demonstrate an ability to repay the loan, which is determined by their income and expenses. Members can apply for an express loan through our online portal or by visiting our offices. The application process is simple and straightforward, and our loan officers are always available to guide members through the process.

if you are a member with an active loan and need quick access to funds to meet urgent financial needs, an express loan is an excellent option for you. It's fast, convenient, and designed to help you manage your financial emergencies with ease. Contact us today to learn more about our express loan options and how we can help you meet your financial needs.

Agriculture Loans

These are loans granted to farmers and farming groups.  More