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Membership

membership

MEMBERSHIP

  1. Membership shall be limited to persons who qualify for membership to this Co-operative, whose members are:
    1. of similar occupation or profession or who are employed by a common employer or who are employed within the same business district
    2. have common Membership in an association or organization, including a business, religious, social, co-operative, labour or educational group; or
    3. reside within the same defined community or geographical area
  2. The qualifying criteria for membership to this Co-operative shall be persons in business and resident in Centurion, Tshwane and persons having a business / services connection in Centurion area and who share a common interest and:
    1. is above the age of 18 years;
    2. Does not have a criminal record.
    3. Has not been declared an insolvent
    4. Is of sound mind.
  3. No discrimination will be tolerated along the lines of race, political affiliation, gender or religion, influence among members, negative image of CFI.
  4. Minors may become Members, duly assisted by their parent’s/ legal guardian’s
  5. Every applicant for Membership shall complete the prescribed “Application for Membership” form
  6. Societies, associations, farmers’ clubs, partnerships and corporations composed of individuals who in their own right are eligible to be Members of the co-operative, may be admitted to Membership in the same manner and under the same conditions as individual Members after the registration of the Financial Services Co-operative
  7. An applicant shall be admitted to Membership on being approved by a majority vote of the board but shall not qualify for the rights and privileges of Membership until he/she has paid a Total of R300 per share (which comprise of an administration fee of R200,00 and R100,00 for the share) and a compulsory deposit of R 1000,00. The administration fee is non-refundable.

Download a Personal Membership Application form or Business Membership Application form.

You can download a printable brochure for more information.