This is a carefully crafted segment of CoopXchange. This is because the aim of setting up the Credit Union is to really assist members who wish to have access to low cost funding for ALL kinds of uses. Credit Union movement in Nigeria has not been well harnessed. But the world over, it has proven to be a veritable source of cheap funds for the low income earners, the unbanked and the underserved. It is therefore our intention at CoopXchange to take the business of credit union to an enviable level as it is expected from our international counterparts.
We shall work very closely with international bodies through our national and regional credit union leagues to uplift the credit union movement in Nigeria and make Nigeria the hub of credit union movement in West Africa. We shall allow membership of the credit union to be open to all irrespective of your place of work, your location and whether you belong to a co-operative society or not. This is because we intend to take advantage of new technologies that have made it possible for us to reach people in the rural areas through facilities such as mobile banking as it is done in Kenya through M-Pesa. We may call ours M-Coop.