FINANCIAL AND

ECONOMIC
EMPOWERMENT

We provide members with financial
support, resources and facilities that are
not available elsewhere.

Your Bridge to Financial Empowerment

PCU OBJECTIVES

1) To provide members with financial support, resources and facilities that are not available else where.

2) To institute a “Project Financing” scheme to finance small retail, farm investment, small business setup, consulting services, small business expansion, etc.

3) To promote land conservation and de-velopment initiatives.

4) To strengthen the financial standing and security of members and communities.

5) To pay attention, listen and be close to members, so as to understand their needs and problems, – PCU will always provide timely right-sized solutions.

6) To provide niche solutions to members through collaboration and partnerships.

7) To provide professional consulting services to members on a wide variety of initiatives.

8) To promote entrepreneurial mindset and business acumen.
9) To encourage and support self reliance of members and communities.

10) To educate and train members on savings and credit services.

Your Bridge to Financial Empowerment

INTRODUCTION

PCU is a registered cooperative society which exists to promote upward mobility of its members and communities. PCU is your bridge to financial empowerment. We are open to expanding our membership

HEAD OFFICE

Rudolf Effange Building (Apt 03) Small Soppo – Buea
P.O. Box 471 – Buea
South West—Cameroon

OPERATIONAL HOURS

Tuesdays – Fridays
8:00am – 5:00pm

Saturdays :9am – 1pm

PHAKO CREDIT UTILITY

PCU is a registered cooperative society which exists to promote upward mobility of its members and communities.

To provide members with financial support, resources and facilities that are not available elsewhere.

PRODUCTS AND SERVICES

Protect and enhance wealth

Checking Accounts

The collection of money from members to be deposited in an account where checks can be drawn on with zero or minimal interest paid per annum

Savings Accounts

The collection of money from members to be saved and used for the regulating of loans and interest allocated to the member per annum.

Loan transaction

Funds given to members at an interest rate for a period, the capital for such transactions is derived from savings, shareholding contributions and financing. Salary Accounts

Salary Accounts

The collection of money from members source of employment to be saved or used for checks withdrawals by members.

Money Transfer

Service provided to members to send or receive money at a fee (e.g., MoneyGram, Western Union, etc.).

Overdraft facility

An amount of money given to a member or customer when the account does not have money

Financial Investments

When the institution has a surplus of resources, they can make financial investment in other financial ventures with attractive returns like real estate, fixed deposits accounts in bank, bonds etc.

Solidarity Fund

Fund created by members aimed at covering loses – such amount shall come from profits of the previous year and contributed at the beginning of the new financial year.

Travelers’ cheque and VISA transactions

Travelers’ Cheques / credit cards used by travelers and members which can be cashed in a foreign bank.

Foreign currencies

Currencies such as dollars, British Pound Sterling £, Euro €, and others can be purchased and sold.

HOW TO BECOME A MEMBER

1. Nominate your beneficiary and submit a photo- copy of your National ID Card.
2. Fill out an application form with the assistance of a PCU staff.
3. Go to our PCU Office.
4. Pay a registration fee of 10,000 FCFA.
5. Open an account with a minimum account balance of 10,000 FCFA.
6. Submit 02 passport size photographs.

TYPES OF MEMBERS

1. Preferred Stock Member (PSM): Enjoys all PCU benefits, receive stock dividends, have voting rights and, more importantly, have a direct say into how PCU is governed and run.

2. Common Stock Member (CSM): Benefits from all services provided by PCU, but cannot serve on any PCU organs, and does not earn dividends.

Fax

+237 2 33 32 38 72

Email

info@pcufako.com

Phone

+237 6 64 43 03 55