The approval by NASFUND Contributors Savings and Loan Society (NCSL) members to allow non-NASFUND members to join NCSL has been ratified by the Registrar of Savings & Loans Societies.
After the revised constitution allowing non-NASFUND members to join NCSL was approved during its Annual General Meeting (AGM), it required ratification which was recently approved.
NCSL general manager, Vari Lahui, called it a historical moment as it is part of the Society’s progression towards becoming a one-stop-shop-bank.
“We have received confirmation from the Registrar and will now commence active promotion of membership outside the NASFUND membership base, especially to the public servants,” said Lahui.
He added the move is aligned to the spirit of the Revised Savings & Loan Societies Act, which allows for multiple memberships between societies and promoting membership growth.
NCSL board chairman, Ian Tarutia, said the change gives non-NASFUND members the opportunity to be part of a progressive and growing savings and loan society and have access to innovative offerings and loan products at low interest rates.