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.
contact us now
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