OUR SERVICE
we're here to make yourBanking Successful
Saving Account
• Minimum deposit of GH₵ 5.00
• Quarterly interest on members savings
• Minimum balance of GH₵ 20.00
• No withdrawal charges
• SMS alert on all transactions
• No monthly or yearly deductions
Emergency Loans
These are loans issued mainly to solve pressing needs. Examples are funeral loans, medical loans, educational loans, etc. These loans are offered only to shareholders.
Criteria
• 5% interest rate per month
• Duration for repayment is within one (1) month
• Pay insurance on the amount and period
Susu Saving Account
Susu Savings account is just like the current account type run by banks in the corporate banking industry
FEATURES
• Zero deposit on account opening
• No registration fee on account opening
• No sale of Pass-books on account opening
• Opportunity to use your savings for Fixed-term deposits
• No withdrawal charges
• Access to Susu loans
• SMS alerts on all transaction
Fixed Term Deposit
Maximize your savings potential with our Fixed Term Deposit accounts, offering higher interest rates for locking in your funds for a specified period. Whether you're saving for a major purchase or planning for the future, our Fixed Term Deposit options provide stability and attractive returns.
Meba Daakye Account
It is a savings account operated towards the benefits of the child future. The age limit is from (0-17 years)
FEATURES
• Competitive interest on the child savings
• No entry fees charged on account opening
• Savings balance can be used for fixed deposit
• Access to 50% partial withdrawal after 3 years of savings
Mobile Money Transfer
This is a service that seeks to help members to make deposits into their accounts, as well pay their loans through the mobile money services.
Customers pay through the following merchant number.
• MOMO NO 0549644387
• A/C NAME: Buoho St Francis Co-op Credit Union Ltd/Emmanuel Mensah Hayford
• REFERENCE: Use Your Account Number
Susu Loan
These loan are given to susu members without shares.
Criteria
20% interest per 6 months collateral or guarantor is seriously needed. Maximum loan amount 3 times of Susu savings
Afehyiapa Saving Account
Afehyiapa Saving Account is an annually savings account with attractive interest geared towards saving money for the end of year festivities
BENEFITS
• 10% or more annually interest
• No minimum deposit
• No minimum balance
• No withdrawal charges
• Account can be used as collateral for loan
• No sale of Passbook on account opening
• No entry fees charged on account opening
• Account matures on every 15th December
Shares Account
A share is the capital of the union. The strength of the shares determines the capital base of the union. Each member shall subscribe to a minimum share of two hundred Ghana Cedis (200) subject to upward review in future.
BENEFITS
• Owing a share makes you a shareholder
• You part - take in the decision making of the credit union
• Reduced interest rates on loan facility
• One member one vote
• Attractive yearly dividends on your share
Business Loans
These are loans used to finance members businesses, it can be used for clearing of goods, Auto purpose, expansion of business.
Criteria
• Must be a shareholder of the credit union
• 25% interest rate per anum
• Must have serviced not less than thrice our facility
• Five (5) times of your savings
• Processing fee of 2.5% of the amount needed
• Ceiling up to Ghc 300,000
Emergency loans for business
This loan facility is purposely for clearing of goods
Criteria
• Must be a member of the credit union
• Members account must be active and reliable.
• Must have serviced not less than twice our facility
• Rate of interest is 7% per month
• Facility approve within 72 hours
• No processing fee
Insurance
The loan insurance is under taken by any member taking loan against death or permanent incapacitation
Top - Up Loans
• These loans are offered to members after servicing 2/3(two-thirds) of their existing loans. The application can re-apply based on his/her existing saving balance.
• Collateral or security is needed for this facility
• Applicant should have already serviced twice a facility.
Refinance loans
• These are loans on the outstanding loan balance of the member.
• It is not offered on zero account balance.
• New insurance shall be paid.
• New processing fee shall be paid.
• New loan form shall be filled.
Loan within savings
These are instant loan issued to members whose required loan facility amount is less than the total savings of the member. The interest rate is 10% per anum
And Many More
Whether you're saving for the future, investing in your dreams, or planning for retirement, Buoho St. Francis Co-operative Credit Union Ltd is here to support you every step of the way. Join us today and experience the difference of banking with a trusted partner who puts your financial well-being first.
OUR APPROACH
our Bank is here to help you
Visit our branch or reach out to us to learn more about our savings and investment options, as well as our comprehensive range of financial services. We look forward to helping you achieve your financial goals and secure a brighter future for yourself and your family.
