Uganda Peoples Defence Forces UPDF Wazalendo SACCO
Uganda Peoples Defence Forces UPDF Wazalendo SACCO – Check below:
Wazalendo SACCO is a Ministry of Defence and Veteran Affairs (MODVA) and Uganda People’s Defence Forces (UPDF) Co-operative Society that enables its Members to come together and pool funds (Savings) so that, they can access Loans (Credit) to engage in productive activities for improving their welfare. It was registered in September 2005 and has been the leading and exemplary Sacco in the country.
Wazalendo Savings and Credit Cooperative Society (WSACCO), also referred to as Wazalendo Sacco, is a savings and credit co-operative society in Uganda. It is an institutional Sacco composed of Uganda People’s Defence Force (UPDF) personnel and their families, UPDF Reserve Forces, and staff of Uganda’s Ministry of Defence. WSACCO is affiliated with the Uganda Co-operative Savings and Credit Union Limited and with the Uganda Co-operative Alliance.
HISTORY : Uganda Peoples Defence Forces UPDF Wazalendo SACCO
WSACCO was established on 22 September 2005 with initial savings of about US$96,000 (UGX:238 million). Membership is restricted to persons in active service with the UPDF and their families, UPDF veterans and their families, and staff of the Ministry of Defence in Uganda and their families. The main objective is to mobilize savings and make loans to members at reasonable interest rates to improve their welfare. WSACCO adopted “Save for the Future Development” as its slogan. By 30 June 2011, 61,482 members had joined. By February 2012, membership had increased to 65,741 and total savings were valued at approximately US$9.23 million (UGX:23 billion), making WSACCO the largest savings credit union in Uganda. As of April 2014 the WSACCO’s total assets were valued at approximately US$43.7 million (UGX:109 billion) with shareholders’ equity of about US$30.1 million (UGX:75 billion) and a loan portfolio estimated at US$35 million (UGX:87 billion).
As of December 2014, the WSACCO’s membership had increased to over 73,000. Shareholders equity stood at USh67.4 billion (US$23.4 million). Total assets were valued at USh131.1 billion (US$45.5 million). The total loan book stood at USh116.3 billion (US$40.4 million). WSACCO made after-tax profits of USh9.5 billion (US$3.3 million), for the calendar year ending 31 December 2014.
Branch network
As of March 2015, WSACCO maintained the following branches:
- Achol-pii Branch – Achol-pii
- Arua Branch – Arua UPDF Barracks
- Head Office – Bombo UPDF Barracks
- Bombo Branch – Bombo
- Entebbe Branch – Entebbe
- Gulu Branch – Gulu
- Jinja Branch – Jinja
- Kakiri Banch – Kakiri
- Kotido Branch – Nakaprimoli, Kotido District*
- Masaka Branch – Masaka
- Masindi Branch – Masindi
- Mbale Branch – Mbale
- Mbarara Branch – Mbarara
- Moroto Banch – Moroto
- Mubende Branch – Mubende
- Muhooti Branch – Muhooti
- Nakasongola Branch – Nakasongola UPDF Air Base
- Ssingo Branch – Kaweweeta, Nakaseke District
- Mogadishu Branch – Somalia
QUICK LINKS
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SEE ALSO:
1 Uganda Peoples Defence Forces ACT 2005
2 Uganda Peoples Defence Forces Recruitment Intake
3 Uganda Peoples Defence Forces Recruitment Application Procedure
4 Uganda Peoples Defence Forces Recruitment Application Deadline
5 Uganda Peoples Defence Forces Recruitment Shortlisted Candidates
6 Uganda Peoples Defence Forces Cadet Recruitment Shortlisted Candidates
7 Uganda Peoples Defence Forces Officers Recruitment Shortlisted Candidates
8 Uganda Peoples Defence Forces LDU Recruitment Shortlisted Candidates
9 Uganda Peoples Defence Forces Recruitment Medical Examination
10 Uganda Peoples Defence Forces Recruitment Medical Examination Date
11 Uganda Peoples Defence Forces Recruitment Medicals Examination Shortlisted Candidates
12 Uganda Peoples Defence Forces Recruitment Interview
13 Uganda Peoples Defence Forces Recruitment Interview Date
14 Uganda Peoples Defence Forces Recruitment Interview Shortlisted Candidates
15 Uganda Peoples Defence Forces Recruitment Interview Questions and Answers
16 Uganda Peoples Defence Forces Recruitment Portal
17 Uganda Peoples Defence Forces Recruitment Dates and Centers
18 Uganda Peoples Defence Forces Pass Out
19 Uganda Peoples Defence Forces Pass Out List
20 Uganda Peoples Defence Forces Recruitment Screening and Selection Process
21 Uganda Peoples Defence Forces Recruitment Screening Shortlisted Candidates
22 Uganda Peoples Defence Forces Ranks Insignia and Badges
23 Uganda Peoples Defence Forces Salary Scale
24 Uganda Peoples Defence Forces Ranks and Salary Scale
25 Uganda Peoples Defence Forces Generals
26 Uganda Peoples Defence Forces Officers
27 Uganda Peoples Defence Forces Army
28 Uganda Peoples Defence Forces Allowances
29 Uganda Peoples Defence Forces Air Forces
30 Uganda Peoples Defence Forces Brass Band
31 Uganda Peoples Defence Forces Cadet Training
32 Uganda Peoples Defence Forces Cadet Recruitment 2020
33 Uganda Peoples Defence Forces Cadet Recruitment Application Deadline
34 Uganda Peoples Defence Forces Officers Recruitment
35 Uganda Peoples Defence Forces Officers Recruitment Application Deadline
36 Uganda Peoples Defence Forces code of conduct