CRDB Workers SACCOS (Saving and Credit Cooperative Society) Ltd was registered in December 1986 with Registration no 5410, with a common bond of “being an employee of CRDB Bank Limited”; and with a total of 166 founding members. As the CRDB Bank has changed form and expanded through its subsidiaries – the common bond is now “employee of CRDB Bank PLC,its subsidiaries, retirees and CRDB Workers SACCOS staff ” to be referred as the “Bank”. Since then, the SACCOS has grown to 1,630 members – 41% of the number of staff of the Bank, as the end of December 2023. However, the objective of CRDB Workers SACCOS Ltd is to mobilize all employees of the Bank to become members of the SACCOS and instilling adequate saving and borrowing culture for their economic development.
Based on previous reviews, the mission of CRDB Workers SACCOS Limited was “to provide effective value-added microfinance services, in promoting adequacy savings, wise borrowing and prudent utilization of funds to attain sustainable development and financial freedom among members”.
The vision of the SACCOS was “to become the preferred, unique leading SACCOS model, providing competitive and reliable financial services to members”. However based on the development of this strategy, the mission and vision of the SACCOS have been reviewed to reflect its new strategic focus for the next five years.
Furthermore, the SACCOS has been operating within the following cultural values
- Customer Centric (C),
- Unity and Solidarity (U),
- Professional Integrity (P),
- Value based (V),
- Accountability (A) and Prudence (P); famously known as CUP-VAP.
These values were meant to shape the ways of conduct of the SACCOS when dealing with its stakeholders. Likewise, these cultural values have been reviewed inline with the current Strategic Plan.