The share capital is the institutional capital of the Sacco. Each member is mandated to purchase a minimum shareholding of 500 shares valued at Kes 10,000/-.

Download the membership application form here, then

1. Fill out the application form for membership.
2. Copy of the national identity card and a copy of the KRA PIN certificate.
3. One (1) Passport Photo
4. Registration Fee of Kes 1,000
5. Every Member should have a minimum of 500 shares (Share Capital) valued at KES 10,000

After downloading and filling out the form, attach the documents mentioned above and drop/send them to any of our offices.

Yes, the Minimum Monthly Contribution is Kes.5,500

The Sacco offers the following modes of payment:

• M-Pesa – Click Here to See the procedure.
• Standing orders – please indicate your membership number on the instruction form.
• Deposit slips- make payments to our bank accounts then present the banking slips
• Cheque payment is done at Sacco offices
• Direct debits
• Payroll Check-off remittance

NB: Please note that Sacco does not accept cash payments

Yes, membership fee is paid per scheme at the initial stage of joining membership or later.

• To join another scheme, you can by filling in a Membership Schemes form. HERE

You will be required to make savings per scheme. This will entitle you to the products & facilities of that scheme from the Sacco.

NB: Please note that you must be a member of the Main scheme to join other Schemes.

YES. You can continue with your membership and continue monthly savings while servicing any existing loans

Withdrawal notice should be given in writing. The reimbursements as per the society’s bylaws will be done within 60days subject to any loan liabilities.

YES, the Sacco pays dividends and interests (Interest on deposit and dividends on share capital) every year to all active members. Members earn interest on deposits on prorate basis and dividend on share capital.

The share capital is non-refundable. It is only transferable to an existing Sacco member or sold to a Sacco member when you cease being a member.

An eligible person may be admitted to membership if he/she possesses the following qualifications:

1. An employee or former of the Central Bank of Kenya
2. Other persons outside the CBK common Bond (e.g. KDIC, FRC, KSMS)
3. Spouses of CBK staff
4. Children of CBK staff
5. Staff seconded to CBK (e.g. Police officers attached to CBK, KSMS hospitality staff)
6. An employee of Banki Kuu Sacco and its related investments.
7. Is not less than eighteen (18) years of age, if a natural person.
8. Is not a member of another salary-based Sacco in the country.
9. Is not, directly, a money lender or carrying out such activities detrimental to the objectives of the Society.
10. Is of good character.
11. Has regular income from employment, business, or trade.
12. Has paid the prescribed entrance fee and a minimum of 200 shares.
13. Has accepted the objectives of the Society, the obligations of members, and other conditions as stated in these By-laws.

This depends on your capability to repay them.

• The incomplete application form that lacks mandatory documents as listed on the application form
• Inconsistency in the monthly deposit contribution.
• Contribution of the Less than minimum required deposit of KES 5,500
• History of default
• Inadequate loan collateral
• insufficient income

• A member is only allowed to offset deposits against loans at their request.
• Any outstanding loan balance should be cleared immediately.
• You must first get other guarantors (a substitute) to replace your guarantees before requesting for offset.

This varies on the type of loan. As per our service charter

Yes. If you deposit a lump sum larger than your current savings, you will need to wait for at least 6 months to qualify for a loan; otherwise, applicable charges shall be applied.

• Fully completed loan application form.
• Guarantors’   deposits MUST be equal to or more than the loan applied for.
• Member to attach certified pay slip or any other specified evidence of regular income
• Outstanding loan by the applicant MUST be cleared before a loan of the same kind is approved unless one is refinancing.
• Net pay after regular income less income the total deductions for a loan put together with other pay slip deductions should not fall below 1/3 of the basic salary,

After 6 months of continuous monthly savings and upon attaining a share capital of Ksh. 4,000.

When a member you have guaranteed fails to service his/her loan, the SACCO will vigorously endeavor to pursue it for three months. If the period lapses with no success in recovering the amount, you will receive a letter from the SACCO, and in the fourth month, deductions will commence from guarantors in the proportions in which they guaranteed.

One can transfer his deposits from another Sacco to Banki Kuu Sacco.

A member who transfers directly from another Sacco is immediately eligible for all benefits of a full member.

The Sacco pays for dividends after approval by the Annual General Meeting.

You need to ensure that the Sacco has your current bank details since all dividend payments are paid via EFTs bank transfers for amounts above.

You must have at least three guarantors who MUST fully Guarantee your loan UNLESS for a self-guaranteed loan where your loan does not exceed your total savings.

Learn how to access the member portal on HERE.

• You can by filling in a next of kin update form. HERE
• Fill the form and send back to customerservicecoop@centralbank.go.ke and remember to attach your ID

• For members who remit via check-off, you can by filling in a check-off form. HERE
• For members who remit via Direct Debit, you can by filling in a DD form concerning your bank. From the download page here under the BANK DETAILS FORMS category.
• Fill the form and send back to customerservicecoop@centralbank.go.ke and remember to attach your ID.