How To Open A Cooperative Credit Union In Cameroon Category 1 cooperatives must be affiliated to camcull and pay a fixed entry fee of 200.000 (two hundred)fcfa. as per category 2 cooperatives, the minimum number of members is 3 (three) with a. Our journey of empowering cameroon’s economy. camccul is dedicated to fostering economic growth by providing sustainable financial services to affiliated credit unions in cameroon. we aim to enhance economic stability through innovative financial solutions and community support. read more.
How To Open A Microfinance Or Credit Union In Cameroon Category 1 cooperative; the minimum number of members required to create a category 1 cooperative is 100 (one hundred) as per the cobac regulation, with a minimum share of 10000frs cfa each given a minimum share capital of 1.000.000 (one million)franc cfa. category 1 cooperatives must be affiliated to camcull or any other cooperative network. The following requirements must be met to create a credit union or cooperative society in cameroon: application form. articles of association. an attestation of deposit. required judicial extracts. a certificate of subscription of shares. list of members. list of board of directors attached to minutes. Conclusion. in conclusion, credit union registration in cameroon requires a strategic approach that encompasses regulatory compliance, cooperative banking principles, and adherence to cameroonian credit union laws. kinsmen advocates is dedicated to providing unparalleled legal guidance and support to credit unions in cameroon’s dynamic. Who we are. vcccul started as a discussion group in september 1973 by a group of custom workers. the first meeting to form the credit union held on 25th may 1974 at the customs house bota with 22 members in attendance. the shares savings mobilised during this meeting stood at 43 500fcfa. by 18 01 1975 membership rose to 81 and shares savings to.
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