Source of Funds

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Society’s sources of funds include:

i.     Member Savings: This is directly deducted from members’ monthly savings. Members’ savings must be drawn on monthly basis.

ii.   Share Capital: Every member is expected to contribute a minimum of N20,000 as share capital sum with the society. Every holder of this share is entitled to an annual return on the profit from such contribution to be shared during the society’s AGM. The fund is refundable on request by the owner. {Click here for share capital application form}

iii.  Interest on fixed deposits.

iv.  Interest on loans

v.    Interest on trading

vi.  Interest on other investments. 

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Yaba College of Technology Multipurpose Cooperative

YCT-STAFF MULTI-PURPOSE CO-OPERATIVE SOCIETY is made up of over 1500 staff of the Yaba College of Technology (Teaching and non-teaching) and over 60 staffs of the Institution’s Secondary and Primary Schools. The society was established in 1987 and incorporated in 2004 with registration No: LSCS8045 to foster the economic welfare of its member through the advancement of credit facilities.

This allows registered members to save part of their salaries for the future...
Members Contribution

This allows registered members to save part of their salaries for the future... read more

This comprises of Car loan, Emergency Loan, and other types of Loan...
Loan Structure

This comprises of Car loan, Emergency Loan, and other types of Loan... read more

This allows registers members to purchase stocks (goods) in lesser cost...
Goods and Commodity

This allows registers members to purchase stocks (goods) in lesser cost... read more

EXECUTIVE MEMBERS

Dr. Okesoto, J, O
On behalf of tge executive committeei welcome you to the website of our great society. The website provides you opportunity to interact with the society with a tab on your Palm or on your table. Read More
Dr. Okesoto, J, O, President

UPDATE/EVENTS

Products and Services

New Arrival!
We have some newly arrived products for active members. Please visit the complex to purchase. Thanks
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Normal Loan

Long Term Loan
members that are interested in collecting Long Term Loan (LTL) can please contact the Accountant General for approval. Thanks.
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Emergency Loan

Emergency Loan
Members that are interested in the collection of Emergency Loan should please see the Accountant General for loan update
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