Society marks credit union day

National, Normal

The National, Monday October 21st, 2013


MEMBERS of the Teachers Savings and Loans Society are organising contests to celebrate International Credit Union Day.

TISA was set up to administer the credit union industry, which provides low cost loans, sound fiscal advice and high quality consumer services to members of the public.

The society organised contests among its eight divisions, including best-dressed employees.

Paulias Laveil, from the Federation of Savings and Loan Societies said the theme, “Credit unions unite for a good” meant that credit unions were unique because they were non-profitable, democratically controlled and member-owned cooperatives. 

“It is important for the union to raise awareness about the great work of the industry around the country and to get more members to join,” he said.

TISA is one of the oldest, largest and most successful loan societies in the country with 13 branches and more than 40,000 members, he said. 

The prize for the best division was awarded to the national member service division, which won K500.

The best branch will be awarded next week.

The society was established in 1972.