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Submitted by ebundi on 23, Mar 2024

Member cessation refers to the process by which a member ends his/her association. There are several reasons why a member might cease their membership, including relocation, financial reasons, or dissatisfaction with the SACCO's services. The cessation process typically involves the following steps:

  1. Notification: The member notifies the SACCO of their intention to cease their membership. This notification can be in writing, via email, or through a formal request form provided by the SACCO.

  2. Settlement of Obligations: The member settles any outstanding obligations with the SACCO, such as loan repaymentsor outstanding fees. This ensures that the member's account is clear before cessation.

  3. Account Closure: The SACCO closes the member's account and updates its records to reflect the cessation of membership. Any remaining balances in the member's account are disbursed according to the member's instructions.

Attach File
Exit Questionnaire (262.63 KB)