Membership
Membership is open to any staff member of the University of Lagos, on permanent appointment or whose appointment has been regularised by the University’s Governing Council.
Who we are
We are a leading Cooperative Society in Nigeria with a world-class standard, impacting lives positively for a better future.
Our Mission
To be a leading Cooperative Society in Nigeria, of global relevance and world-class standard, playing a major role in providing financial solutions (and otherwise) towards economic empowerment, sustainability and well-being of members, thereby impacting on their lives for a better future.
Our Vision
To enhance qualitative life for members through cooperative multipurpose operations, timely provision of a readily available/easily accessible financial solutions and non-financial services such as educational upliftment, entrepreneurial development, advisory services and mortgage facilities leading to economic empowerment and freedom, poverty alleviation, social well-being and development, wealth creation and achievement of a brighter future.
Our Aims
The aim of the Society is reflected in our Vision and Mission Statements.
Our Operations
The major operation of our Cooperative Society is the granting of Normal Loan, Emergency Loan, Equipment Loan, as well as returns on Investment in Fixed Deposit. In addition, the Society engages in periodic Commodity Sales of Bags of Rice, Gallons of Vegetable Oil, and other Fast Moving Consumer Goods (FMCG), amongst others, to members as a form of welfare package during festive periods.
Our Products and Services
Normal Loan
Members are eligible to normal loan facility of not more than 200% of their saving balance with a maximum repayment period of 24 months.
Household Equipment Loan
“Members are eligible to equipment loan facility of not more than saving balance and NGN500,000 with a maximum repayment period of 9 months
Emergency Loan
Members are entitled to emergency loan. Applications are subject to applicants' ability to payback within the stipulated period.
Commodity Sales
Members are entitled to emergency loan. Applications are subject to applicants' ability to payback within the stipulated period.
AGM Sales
Members are eligible to normal loan facility of not more than 200% of their saving balance with a maximum repayment period of 24 months
Advisory Services
Members are eligible to normal loan facility of not more than 200% of their saving balance with a maximum repayment period of 24 months
BENEFITS
