Office of the President SACCO Annual General Meeting

On Thursday, 26th June 2025, the Office of the President (OPE) Staff Savings and Credit Cooperative Organization (SACCO) held its Annual General Meeting (AGM) in the Office of the President Conference Hall. The SACCO now boasts a membership of 303, a clear indication of the growing confidence and trust that the staff of the Office of the President have in the SACCO as a reliable financial empowerment vehicle.

In his remarks, the Chairperson of the SACCO commended the steady growth of the OPE SACCO, attributing its success to prudent management and the commitment of both the leadership and members. He proposed the establishment of a Compassionate Fund, aimed at providing financial assistance to members facing emergencies. He assured members that detailed guidelines on how the Compassionate Fund would be managed and accessed would be shared in due course. Additionally, the Chairperson announced plans for the SACCO to benchmark with Wazalendo SACCO, particularly to explore strategies for reducing interest rates and enhancing member benefits, including increasing shareholding.

Speaking at the meeting, the Chief Executive Officer of Wazalendo SACCO emphasized the vital role that SACCOs play as viable alternatives to traditional financial institutions, especially for public sector employees. He commended the OPE SACCO leadership for its commitment to sound governance and encouraged the board to prioritize continuous engagement with members. Drawing from the experience of Wazalendo SACCO, he advised that regular member consultations help ensure that the SACCO remains responsive to the evolving financial needs of its members.

In his remarks, the Secretary, Office of the President, commended the tremendous progress made by the SACCO since its humble beginnings. He noted that there were initial proposals to rebrand the SACCO, but the members opted to maintain the name and instead focus on strengthening its operations. He further highlighted that the SACCO has now accumulated a capital base of UGX 1.2 billion, which is a significant milestone and a testament to the dedication and collective effort of the SACCO leadership and membership.

The meeting concluded with renewed commitment from both the leadership and members to continue fostering a culture of financial discipline, mutual support, and sustainable growth for the benefit of all stakeholders.