Kenya National Police DT SACCO (Deposit-Taking SACCO) is one of the leading SACCOs in Kenya, both in terms of membership and financial stability. Registered on 20th November 1972 under registration certificate CS/2092, the SACCO started with 690 members but has since grown to over 71,000 members. It boasts an asset base of Ksh 48.7 billion, a loan portfolio of Ksh 41 billion, and total deposits of Ksh 29 billion, making it one of the strongest SACCOs in Kenya’s financial sector.
The SACCO’s wide branch network across the country, with offices in Nairobi, Mombasa, Eldoret, Kakamega, Meru, Nyeri, Kisii, and Nakuru, has made its services accessible to members throughout the nation.
Membership Eligibility
The Kenya National Police DT SACCO has an inclusive membership structure, open to individuals from various sectors. Below are the eligibility criteria for becoming a member:
- Serving and Retired Police Officers:
- Regular and administration police officers, both active and retired, are eligible to join the SACCO.
- Civilians Employed by the Kenya Police Service:
- Individuals working in civilian roles within the Kenya Police Service are eligible for membership.
- Kenya National Police DT SACCO Employees:
- Employees of the SACCO itself can also become members, benefiting from its financial products and services.
- Employees of Related Entities:
- Permanent employees of Utumishi Investment Limited and Ruaraka Housing Estate Limited, both affiliated with the police service, are also eligible.
- Civil Servants:
- Civil servants from other government departments are welcome to join the SACCO.
- Corporate Employees and Business Community:
- Corporate employees working in private entities and individuals from the business community are also eligible to join the SACCO.
- Family Members:
- Spouses, sons, and daughters of eligible members can join the SACCO, promoting financial security for families of police officers and other employees.
Membership Requirements
To apply for membership, an individual needs to submit the following documents:
- Completed Membership Application Form:
- A membership application form, available for download on the SACCO’s official website, must be filled out accurately and submitted.
- Copy of National Identity Card (Both Sides):
- Applicants must provide a copy of their national ID to verify their identity.
- Two Recent Passport-Size Photographs:
- Two recent colored passport-size photographs are required as part of the application process.
Benefits of Membership
Kenya National Police SACCO offers a variety of benefits to its members, making it an attractive option for those seeking financial solutions and savings. Some of the key benefits include:
- Low Interest Rates on Loans:
- Members can access loans at highly competitive interest rates, providing affordable credit for personal and business needs.
- High Annual Dividends and Interest on Deposits:
- Members enjoy annual dividends and interest on their savings and deposits, ensuring long-term financial growth.
- Instant M-Tawi FOSA Loans:
- The SACCO offers instant loans through its FOSA (Front Office Service Activity), allowing members to access quick financing when needed.
- Loan Clearance Assistance:
- The SACCO provides loan clearance services on behalf of members in cases of retirement or death, helping families during difficult times.
- Affordable Property Investment:
- Through the SACCO’s investment cooperative, members can access affordable properties, facilitating homeownership and real estate investments.
Membership Withdrawal
Withdrawing from the Kenya National Police SACCO is voluntary and involves a straightforward process:
- Written Withdrawal Notice:
- A member intending to withdraw must provide a signed, written letter of notice along with a completed withdrawal form, which can be obtained at the SACCO offices.
- Clearance of Liabilities:
- To finalize the withdrawal, the member must have cleared any outstanding loans or liabilities with the SACCO. Additionally, any guarantees provided for other members’ loans must be replaced.
- 60-Day Processing Period:
- The withdrawal process takes approximately 60 days after the withdrawal letter has been acknowledged, and all necessary conditions have been met.
Kenya National Police SACCO Contacts
For inquiries or to apply for membership, you can contact the SACCO through the following details:
- Head Office Location: Ngara Road, Off Murang’a Road, Nairobi
- Phone: 0709 825 000
Kenya National Police DT SACCO is renowned for its inclusivity and financial strength. Whether you are a serving or retired police officer, a civil servant, or a member of the business community, joining this SACCO offers a path to financial stability and growth. With its attractive loan products, high dividends, and a broad range of services, the SACCO is an excellent option for anyone looking to safeguard their financial future.
