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Mwalimu National SACCO website, Members Portal Login; https://membersportal.mwalimunational.coop:82/Login

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Mwalimu National SACCO is arguably one of the best SACCOs in Kenya. This is one of the largest African Sacco with a membership drawn from teachers all over Kenya. One of the notable milestone Mwalimu National SACCO has achieved is mwalimu sacco members portal where bonafide members can conveniently access services offered at the sacco online without physically visiting branch office.

MEMBERSHIP

The SACCO has 2 types of membership:

Class – A – Membership: These include Teachers and TSC Secretariat; among others as illustrated in the tree diagram below;

Class – B – Membership:

These cadre is made up of Students undertaking education-related studies leading to diplomas and degrees, in technical colleges and universities recognized by the Ministry in charge of Education.

Here are links to the most important news portals:

HOW TO USE THE MWALIMU SACCO MEMBERSHIP LOGIN PORTAL

Once a member log into the mwalimu sacco members portal, the following services can be enjoyed:

  1. Personal details- These includes total deposits, total loan repayments and total shares.
  2. Loans- Loan Application List and Loan Calculator
  3. Customer Relations
  4. Reports- The following statements can be viewed:
  • FOSA Statement
  •  Guarantors Statement
  •  Loans Guaranteed
  •  Shares Capital Statement
  •  Dividend 2018 Statement
  •  Dividends
  •  Member Statement

How to login to mwalimu national sacco portal membersportal.mwalimunational.coop

If you don’t know your password click on forgot account details and you’ll be prompted to enter your membership number. Thereafter a new password will be sent to the mobile phone number that you used to register your account.

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TSC News Portal

How to exit Mwalimu National Sacco

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Did you know that you can easily leave Mwalimu National Sacco? Well. In the last article we took you through the process of joining Mwalimu National Sacco. Today, you will get a complete guide on all that you are supposed to do in order to quit the Sacco.

Various reasons can make you quit the Sacco. These include but not limited to if you are not satisfied with their services or the dividends paid at the end of the financial year are too low.

WHEN CAN ONE CEASE TO BE A MWALIMU NATIONAL SACCO MEMBER?

Remember, Mwalimu National Sacco Membership shall cease with effect from the date of a member:

  • Attaining the age of 70 years.
  • Dying.
  • Being expelled from membership.
  • Withdrawing all his Deposits.
  • Becoming certified insane.
  • Transferring his shares.
  • Ceasing being an employee of Mwalimu National Sacco or Mwalimu National SACCO subsidiaries under disciplinary circumstances.
  • Being declared bankrupt by a court of law.

A member who withdraws or is expelled shall be paid the following dues after deduction of any debts, owed by him to the Society as borrower, endorser, guarantor, or otherwise:

  1. Any dividends or interest due to him on the date membership ceases.
  2. Any deposits or other sums held by the society on his behalf.

No shares shall be paid upon withdrawal and any member having deposits in excess of liabilities may offset such liabilities from the deposits.

THE PROCESS OF QUITTING MWALIMU NATIONAL SACCO

At some point you may willingly want to quit Mwalimu National Sacco. At such a time you must have to follow the procedure below;

  • Notify the Mwalimu National Sacco Board of your intention to leave. The board should receive a 60 days’ written notice to withdraw from the society.
  • You will then have to provide substitute guarantors if applicable. This is in case you have signed loan forms for any other member (s).
  • You will have to provide a clearance certificate from the employer (TSC).
  • Submit the documents to the Sacco and your withdrawal will be processed.

If you were driven by emotions to quit the Sacco, you can always make your way back. This is because the Sacco laws allow a member who has withdrawn from the Society to be considered for re-admission.

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