Co-operatives Act, 2005 (Act No. 14 of 2005)

Schedules

Schedule 1 : Special Provisions Relating to Certain Kinds of Co-operatives

Part 3 : Financial Services Co-operatives

1. Application of this Part
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(1)This Part applies to financial co-operatives which must comply with—
(a)the requirements of this Part; and
(b)all other relevant provisions of this Act.

 

(2)A financial co-operative is a co-operative whose main objective is to provide financial services to its members, and includes a credit union, co-operative bank, savings and credit co-operative or other financial services.