Telepost Sacco, previously known as Posta Sacco, was established in 1969 as a welfare organization for the subordinate staff of the then Kenya Posts & Telecommunications Corporation (KP&TC). Over the years, it has expanded significantly, becoming a prominent player in the Sacco industry in terms of membership and share capital.
Initially, the Sacco’s total membership was less than 100, with a minimum monthly contribution of Kshs 20 and a registration fee of Kshs 5. Today, the minimum monthly contribution is Kshs 2,000 for normal shares, Kshs 500 for education shares, and Kshs 300 for the benevolent fund. The Sacco adopted its current name in 1999 following the restructuring of KP&TC into the Communication Commission of Kenya, Telkom Kenya, and Postal Corporation of Kenya.
Telepost Sacco Membership Eligibility
Membership to Telepost Sacco is open to a diverse group of individuals from various market segments, including:
- Employees of Telepost Sacco Society.
- Employees of Telkom Kenya.
- Employees of Posta Kenya.
- Employees of Career Direction Limited.
- Employees of Human Capital Synergies.
- Employees and students of Multimedia University.
- Employees of other private organizations.
- Private individual members.
- Members of chamas (investment groups) and corporate entities.
- Non-core bond members.
- Spouses and dependents of existing members.
Telepost Sacco Membership Requirements
To become a member of Telepost Sacco, applicants must fulfill the following requirements:
- Application Form: Complete a membership application form, which can be downloaded from the Sacco’s website, obtained from the Sacco’s offices, or from delegates in each county.
- Identification: Provide a copy of the national ID and a passport-sized photograph.
- Entrance Fee: Pay a non-refundable entrance fee of Kshs 1,000.
- Monthly Contribution: Commit to a minimum monthly contribution of Kshs 2,000 for shares and Kshs 300 for the Telepost Benevolent Fund.
Benefits of Membership
Joining Telepost Sacco comes with several benefits, including:
- Dividends: Attractive dividends on shares.
- Interest: Interest on deposits.
- Competitive Rates: Competitive interest rates on special deposit accounts and other savings accounts.
- Loan Benefits: Higher savings qualify members for larger loans and reduce the need for guarantors to secure personal loans.
- Loan Access: Access to short-term and long-term loans with competitive interest rates.
- Savings Accounts: Availability of various savings accounts tailored to individual needs, such as holiday accounts, children’s accounts, and retirement savings opportunities.
Telepost Sacco Contacts
For further inquiries or to join Telepost Sacco, interested individuals can contact the Sacco at:
- Location: City Square Post Office, 5th Floor, Haile Selassie Avenue, Nairobi.
- Phone: 020 502 9200.
Telepost Sacco continues to be a cornerstone for financial empowerment and growth, providing its members with a solid foundation for savings, loans, and other financial services tailored to meet diverse needs.
