Members of the URSB Staff Cooperative Society have reason to celebrate following the release of the 2025 Annual Performance Declaration, which shows improved returns compared to the previous year.
The announcement, made after the close of the financial year in December 2025, confirmed a combined interest rate of 14% on both share capital and ordinary savings. This is an increase from the 13% per annum that members earned in 2024, reflecting stronger financial performance by the SACCO.
According to the SACCO manager Mr. Rogers Abaho, the growth was driven by increased loan uptake among members and strategic investments, including in the UAP Unit Trust Fund. These efforts have strengthened the SACCO’s financial position and allowed it to reward members with better returns.
Other savings products, including Fixed Savings, ToTo Savings, and Target Savings, will continue to earn interest at 10% per annum. This is calculated and shared monthly, giving members a steady return on their savings.
The declaration is important for members as it highlights the value of saving and investing through the SACCO. It also serves as an encouragement to non-members within URSB to join and benefit from the growing cooperative.
The SACCO’s Annual General Meeting is expected to take place soon, where members will receive a detailed performance update and outlook for the year ahead.