Membership

REQUIREMENTS FOR JOINING NSSF SACCO

1. Fill up a membership form (on the “downloads” page on this website), complete with personal details, next of kin and list of nominees. Include a passport sized photo and a copy of your ID.
2. Membership is Kshs. 1,000. This is a one-off payment (non-refundable).
3. Share Capital (Shareholding in the SACCO), we have different categories of membership in the SACCO paying different amounts namely; Category A: KES. 20,000, Category B: KES. 10,000 and Category C: KES. 5,000. This is non-refundable fee but transferable to an existing SACCO member upon exit from the SACCO.
4. Monthly contributions - Minimum KES. 3,500, KES.. 500 goes towards loan guard insurance thus not inclusive in the monthly savings.
5. Loans - Given up to three times your Savings/Normal shares. Requirements; 6 guarantors, 2 latest pay-slips, copy of ID and fully filled up loan form.
6. Self-Guarantee - Requirements, 6 months bank statements and a standing order to the SACCO Bank Accounts.
7. Sacco withdrawal - takes 60 days duration from receipt of withdrawal letter. Withdrawal Fee of Kshs. 1,000 applies.
8. Payment contribution modes:

• Mpesa Paybill – Business No. 819890. AC No. is your Sacco Membership Number or National ID Number.
• Standing Order – Co-operative Bank Details:
  A/C Name: NSSF SACCO LIMITED.
  A/C No. 01120040151300
  Branch: Ukulima Branch
  Other Details: Your ID No. Or Member No.

• Cash Payment – Over the Counter at the Sacco Banking Hall.

How to contribute Shares and repay Loans on the phone/App

• Download and fill in the Mobile Banking Form, send it as a scan copy to the Sacco as well as your ID copy through This email address is being protected from spambots. You need JavaScript enabled to view it.
• Use Mpesa Paybill (819890) to transfer money from Mpesa to Fosa account. A/C No. is your Sacco Membership number (you can get the membership number through the Members’ Portal on member profile).
• Upon successful registration you will receive an SMS with instructions on Mobile Banking as well as your PIN (Kindly keep the PIN a secret and change it through the prompts on the Mobile Banking Menu).
• Dial *477# and follow the prompts e.g. transfer from FOSA Account to Mpesa, Repay Loan, make contribution etc. put the amount and complete the transaction with your PIN.
• To make sure the FOSA Account is active, a member needs to transact with FOSA at least once every three months and have a minimum balance of KES. 1,000 in the FOSA Account.