29/02/2024
*ILERI-OLUWA CREDIT THRIFT AND CRÉDIT UNION (NATIONAL HEADQUARTERS.*
_ALAJESEKU!!! KONIBAJE
ILERI OLUWA.. OO TI SEE📢📢📢_
*RESOLUTION OF THE LAST UNION MONTHLY CONGRESS*
Base on the last union congress held at the headquarters on the 27th February 2024, the following resolutions was adopted.
*On Membership Responsibility.*
The chairman welcome everyone to the meeting and thanks the congregation for their support towards the successful Annual General Meeting that was held last month. We also have a new watchword which is *PROGRESS AND PROSPERITY*
He implore all members to be steadfast and work towards the aim and objectives of the cooperative.
He urge those on loan that they should pay their loan as at when due with the right amount, for the savings and shares it should also be boosted as the cash flow of cooperative is the heart of every successful cooperative.
He said base on normal circumstance he believed that the time the loan is closed, that ready members would have started boosting their savings and shares, he also believe it is an avenue for them to also pay up their loan.
*On Loan and Investments*
The chairman announce that Loan and Investments are officially open, immediately after the meeting.
He implore the members to kindly note that the beneficiaries will be those that are members who are steadfast and upholds the objectives of the society.
*On ICT*
Base on complaint from the members that they didn't receive any message regarding their last balance.
The chairman stated that the fault is from the phases executives because of not delivering ledgers on time, but any member who wish to know his or her balance can send a WhatsApp message to the ICT director on 07065470724, he believes that immediately their last balance on record of the union will be sent.
*On Building Fund*
Base on the resolutions made at the AGM, Building fund is introduced.
This scheme is to help members secure the home of their dreams without difficulty. It was further explained that there is no location yet, the union just start working on it but before any further step there must be proof of funds and that's why all members are implore to save up for Building fund to kickstart the project.
The congress resolve that all phases should not approve more than #10,000 for the first year, as members who want to contribute more can do so.
The project is aimed to be passed to generations to come, which means that the next of kin are beneficiaries to this scheme.
Beneficiaries can use the land to do whatever they like as they owned it 100%. It is a owned asset. And the proceeds generated from the sale of the landed properties will be shared among the members with building fund shares.
*On Shares and Dividend*
The chairman implore the members to always build their shares as it is a secret investment for them because it yields return each year and your profit depends on the shares you own in the society.
He also announced that starting immediately after the meeting Dividends will be shared accross the primary Phases as two phases will be touched weekly and will be shared for 17 weeks.
Papers were rolled and representatives for each phases were called upon to choose which number their phase will fall into.
Phase 3 and phase 36 are the first set of phases to be touched.
*On External Members and Self Loan*
External members are only running a savings account with the phase, they are not entitled to anything in the phases, they don't enjoy any benefit aside from savings they are not entitled to borrow money from the society, and also when they want to withdraw they only pay for loan form which should not be more than #1000.
He also emphasize that members who want to borrow money that is not up to the money they have in their savings account for example someone has #5000 and want to borrow #3000, the said members do not need any guarantor, it is classified as self loan and the individual will only pay a sum of #1000 for loan form on whatever amount the individual requested for.
*Phases Account and Stand*
The chairman stated that all phases Account has been done and their financial statement has been stated, it has also reveal the weakness and strength of each phase which is the aim of the AGM that was done to know the stand of every phases. He also said the year will be a year of policies and compliance will be mandated in order to preserve the glory of our union.
He implore all members to adhere to the rules and regulations as it is not stated to inconvenience anybody, it is penned down to benefit all members.
*On Sales Representative and Members with Business initiatives.*
The union also promise to see efficiency from the sales representatives, as there will be quick response now for each order.
Every phases order will be brought to each phase as each members are liable to pay for delivery fee for every purchase. This is introduced to increase productivity and enhance response from the sales team.
Also the union is open to everyone with business whether it is in form of idea or goods.
The chairman implore members with opportunity to approach the union.
*Signed*🖊️
*AARE. ADESHINA ADEMOLA AREMU*
( _NATIONAL PRESIDENT_ )
*wa.me/2348138152099*
*Announcer*📢
*ADESHINA RIDWAN ADEDAPO*
ICT DIRECTOR
*wa.me/2347065470724*
*ALAJESEKU A GBE GBOGBO WA✊🏾*
*ILERI-OLUWA A SE LORI GBOGBO WA👨👨👧👦*
*AMIN OOO🏡*
