Uganda Cooperative Savings and Credit Union Limited (UCSCU) is a national apex organisation for Savings and credit Cooperative Societies (SACCO) in Uganda. UCSCU was established in 1972, and it is registered under the Uganda Cooperative Societies Statute 1991 and the Uganda Cooperative Regulations 1992.
UCSCU, as the umbrella body of Savings and Credit Cooperatives (SACCOs) has unwaveringly encouraged the formation and development of Safe and Sound SACCOs to ensure that financial services reach the population across the country as a way of encouraging savings mobilization and use of these savings deposits as a source of investment capital to rural enterprises in form of loans.
UCSCU is formed, financed, owned and controlled by Savings and Credit Cooperative Societies (SACCOs). The SACCOs elect a Board of directors, which formulates policies. The Board of UCSCU then hires management for the day-to-day operations.
The AGM also elects a Supervisory Committee which works as the internal audit committee or watchdog for UCSCU. The supervisory committee checks both the board and management to ensure that they are running the Union well and in the best interest of the SACCOs. UCSCU has a Board of 5 members and has full time technical and administrative management and staff who are supported by various consultants outsourced as and when need arises.
To be a world class national union for SACCOs in Uganda
To promote and empower SACCOs in Uganda by offering high quality specialised financial services for their sustainability
UCSCU subscribes and adheres to the cooperative values. In addition, its institution-specific core values are:
- Team work
- Stakeholder responsiveness