How to Access Mwalimu National Sacco Members Online Portal for Loans,dividends(2022) and Statement

How to log in to Mwalimu National Sacco Members Portal for Loans,dividends(2022) and Statements

Mwalimu National SACCO is defensibly, one of the largest sacco in Kenya that majorly draws its membership from Teacher Service Commission-TSC employees and lectures. One of the notable milestone Mwalimu National SACCO has achieved is mwalimu sacco members portal where bonafide members can conveniently access services offered at the sacco online without physically visiting branch office.

Once a member log into the mwalimu sacco members portal, the following services can be enjoyed:

Personal details- These includes total deposits, total loan repayments and total shares.
Loans- Loan Application List and Loan Calculator
Customer Relations
Reports- The following statements can be viewed:
FOSA Statement
Guarantors Statement
Loans Guaranteed
Shares Capital Statement
Dividend 2019 Statement
Dividends
Member Statement
How to login to mwalimu national sacco portal membersportal.mwalimunational.coop
To log in to members portal click https://membersportal.mwalimunational.coop
Enter your membership number and login password
If you don’t know your password click on forgot account details and you’ll be prompted to enter your membership number. Thereafter a new password will be sent to the mobile phone number that you used to register your account.

How to calculate dividends for 2022

Just like other saccos, mwalimu national also pays dividends to members each year at the month of February. The sacco has declared dividends on total share capital (Kshs. 20,000) at 11.2%, rebates on deposits at 10.2% (your total amount at MNS minus the Kshs. 20,000 shares) and a withholding tax at 10% of dividends plus rebates.

Calculations for Mwalimu National sacco dividends:
Suppose the rebates on deposits of a member as at December 2020 is Kes. 100,000, capital shares at ksh 20,000 and he/she contributes Kes. 5,000, the total dividends will be calculated as follow:

Note that dividends is subject to the following deductions:

Excise duty
Processing fee
Amount expected in your account (net) is the Actual amount (as Calculated above) minus any advance amount taken.

Mwalimu National Sacco M-Banking Via Go Mobile App, USSD Code

Go-mobile is a mobile banking system that enables members transact at the comfort of their home or offices

One can do banking from wherever through M-banking platforms by downloading Go Mobile App or via short code *633#. The app is available on Android, ITunes, windows etc.

With Mwalimu National Sacco M-banking platform, one is able to:

Transact cheaply

Able to buy airtime directly from your FOSA account

Able to pay the following Bills directly from your FOSA account:

– DSTV

– GOTV

– StarTime

– ZUKU TV / Phone / Satellite

– Kenya Power

– Nairobi Water

– Jamii Telcom

How To Register For M-Banking

One needs to register for the Go Mobile service at the nearest Mwalimu National FOSA branch. Upon activation, he/she will receive a username and M-pin.

It is advisable for a member to change M-pin the first time of accessing this service. In case of further queries, kindly contact us on 0709 898 000.

Branches of Mwalimu National Sacco as 2022

Mwalimu National SACCO has 18 branches nationwide as at 2022 where qualified persons can visit register and start enjoying services offered.