Our Vision
To be a vibrant, self-sustaining and leading teachers’ financial institution in Uganda.
Teachers saving and credit cooperative
Empowering Your Financial Growth
UNATU SACCO provides savings, credit and product-financing solutions designed to support teachers’ economic empowerment and personal development.
About us
A teacher-focused financial institution
UNATU SACCO was formed and registered under the Cooperative Societies Act Cap 112 on 3 December 2012 as a Voluntary Savings and Credit Cooperative Organisation, mainly to champion teachers’ economic empowerment.
UNATU SACCO operates nationally, and membership is open to teachers across Uganda. Members are served through UNATU branches, SACCO desk offices, email, telephone and online channels.
Our Purpose
To empower teachers with financial discipline for improved welfare.
Our objectives
Promoting financial discipline and member development
1
Mobilise Savings
Mobilise savings from members and promote a spirit of thriftiness.
2
Affordable Credit
Provide affordable credit for members’ economic development.
3
Innovative Products
Provide innovative products that support members’ personal development.
4
Focused Leadership
Remain a focused and leading teachers’ financial institution.
Products and services
Financial solutions for UNATU SACCO members
The SACCO offers a variety of products and services to promote members’ economic empowerment and personal development.
Savings Products
The SACCO saves members’ money at no cost and pays annual interest. A member may withdraw money at any time, provided there is no running loan with the SACCO.
Short-Term Loans
Emergency loans based on affordability, with repayment within a maximum of six months. The stated interest rate is 1.25% per month.
Salary Loans
Loans offered according to a member’s affordability and ability to service the loan, with a repayment period not exceeding three years.
Business & Investment Loans
Loans for members starting or expanding businesses and projects. Additional acceptable security may be required where the requested amount exceeds salary-deduction affordability.
School Fees Loans
Education financing offered for a period not exceeding one year, based on the member’s affordability. Terms and conditions apply.
Product Loans
Members may acquire products such as iron sheets, water tanks, tents, chairs, flat-screen television sets and solar panels on credit, subject to affordability.
Building Materials for Home Improvement
Financing for cement, roofing sheets, steel products, pipes, bricks, aggregates, water tanks and related home-improvement materials.
Motorcycles on Loan
The SACCO provides motorcycle-related loan products, including motorcycles and utility tricycles.
Membership
How to join UNATU SACCO
Interested persons on the government payroll may join UNATU SACCO through the following steps.
Complete the Membership Form
Obtain and complete a membership form from a UNATU branch office, SACCO desk office or the UNATU SACCO website.
Make the Required Contribution
Pay UGX 10,000 membership fee, buy at least two shares at UGX 40,000 each, and begin saving at least UGX 20,000 per month.
Select a Payment Method
Pay through Centenary Bank or authorise UNATU SACCO to deduct the required amount from salary under single code 482.
Account titleUNATU SACCO
Account number3710600002
BankCentenary Bank
BranchMapeera
Loan eligibility
Know your borrowing capacity
A member seeking a loan must be fully registered, save monthly and have the affordability or capacity to service the loan.
UGX 20 million
Maximum loan amount stated in the current document
Up to 3 years
Maximum stated loan-servicing period
Half of salary
Affordability means half of salary after deductions
Loan application
How to access a UNATU SACCO loan
Obtain a loan application form from a UNATU office or SACCO desk office, complete it and attach the required documents.
Applications may be submitted by hand delivery or by email. Processing time depends partly on how long the member’s district takes to approve deductions relating to the loan request.
Required attachments
- Copy of the applicant’s National ID.
- Photocopy of the guarantor’s National ID.
- Passport photograph.
- Fully signed letter of undertaking.
- Two guarantors who are UNATU SACCO members.
Motorcycle loan product
Motorcycle loan requirements
- Copy of National ID.
- Passport photograph.
- Two guarantors, each with a copy of their National ID.
- LC 1 letter or employer recommendation.
- Initial deposit of UGX 600,000.
Contact us
Need a membership or loan application form?
Contact UNATU SACCO for the correct application documents, current product information and guidance on membership or loan requirements.
Head Office
Plot 28/30, Teachers House, Bombo Road
P.O. Box 377, Kampala, Uganda
Telephone
+256 392 002269
+256 706 510651
Email
unatusacco@gmail.com
Registration Number
10095