MINOR ACCOUNT (Under 18 Years of Age)
This account is opened by parents to save for their children. This account permits you to prepare his/her education well ahead of time. Withdrawals in this account is free of charge. No notification.
BaCCUL Products and Services
At Bayelle Cooperative Credit Union Limited, we make poverty a history by providing fast, innovative and quality financial services at low and affordable cost. Check below to see what suits your need.
SHARES ACCOUNT
To be a member, you must by a minimum of 75 shares (1000frs per share equivalent to 75,000 FCFA at any one time. All members must have equal shares.
SALARY ACCOUNT
This account provides you the opportunity to receive your salary at the Credit union. Cheques are provided to holders of this account to ease payments.
GROUP SAVINGS ACCOUNT
Savings in this account earns Interest at the end of the year. However, withdrawals from this group account does not attract any charge, no notification.
DEPOSIT ACCOUNT
In this account, you can withdraw any amounts with any Notification. It is good for members who do withdrawals and deposits constantly, Business men in particular.
INDIVIDUAL SAVINGS ACCOUNT
Money saved in this account is an investment and therefore earns Interest at the end of the year. Withdrawals from this account above 100,000 FCFA require a 5 days notification. However, prompt withdrawals above 100,000frs attracts a 2% charge.
AGRICULTURAL LOANS
These loans are given to farmers for various production purposes. Contact our Agric Loan officer for more details.
LOAN TO MEMBERS
BaCCUL offers various loan facilities to its members ranging from Overdrafts, Short Term Loans and Long-Term Loan facilities at affordable Interest rates and durations. All Conditions and Procedures are well elaborated in the Loan Policy.
TERM DEPOSITS
Blocked savings for an agreed period of time. Interest is negotiable depending on the market trends and paid upfront. This account is also an investment account.