Faq’s – uew ccu

Frequently Asked Questions

Find answers to all your queries about our service.

WHO IS ELIGIBLE TO JOIN UEW CREDIT UNION?

UEW CO-OPERATIVE CREDIT UNION Membership is open to all. An individual is eligible for membership if he/she is in the possession of the following qualifications: ...
AS A MEMBER HOW MANY LOANS AM I ENTITLE TO?

• A member is allowed to apply/have more than one loan product from the different loan product categories as long as all lending requirements are ...
WHAT SECURITY DO I NEED TO ACQUIRE A LOAN?

• The security for UEW-CREDIT UNION loans are your deposits and guarantors, who should be members of the Credit Union and have a remit their ...
HOW MUCH AM I ENTITLE TO BORROW?

FIRST TIME BORROWER: This type of member will only be eligible for 2(two) times his/her saving balance. SUBSEQUENTLY: This type of member will be eligible ...

FOR HOW LONG DO I SAVE IN OTHER TO QUALIFY FOR A LOAN?

A member’s saving contribution must be consistent from the day of account open up to 3 months. When a member satisfy this initial requirement and ...
HOW DO I MAKE REGULAR DEPOSIT INTO MY ACCOUNT?

Deposit can be made through; • Bank standing order • Over the counter cash deposit • Field sales Executive • Mobile Money Deposit • Cheque ...
WHAT IS DIFFERENCE BETWEEN SHARE CAPITAL AND MEMBER DEPOSIT?

Share capital Share capital is the money invested in UEW-CREDIT UNION by the members/shareholders. It is a permanent /long term member’s contribution toward the UEW-CREDIT ...
BENEFIT OF JOINING UEW CREDIT UNION

There are numerous advantages which can be derived from being a member of the Credit Union. Some of the advantages are as follows: Regular Savings: The ...