EMCOOP Financial News Update
We apologize for the recent delays in securing thrift and hot cash loans from the Society. It was primarily due to the payment of N92.5 million declared dividend and commitments to our housing schemes in Lagos and Uyo. We have gotten over that stage now and assure members of prompt processing of all loans. From next quarter, we will be consolidating all loans into the thrift loans except for hot cash loans. The Car Acquisition loans will now be combined to the current N3.5 million loans and members who do not wish to buy new cars or procure a fairly used car can now use a maximum N5 million thrift loan to do so. Repayment period will still be 4 years.
ECOBANK has started issuing the MasterCard Credit Cards to members and the Society has been hearing positive feedbacks on the usage. We implore members to take advantage of this and other credits card scheme the Society is involved in.
ECOBANK has started issuing the MasterCard Credit Cards to members and the Society has been hearing positive feedbacks on the usage. We implore members to take advantage of this and other credits card scheme the Society is involved in.