Terms and Conditions

Terms and Conditions of membership of Diaspora Credit Union Limited

Diaspora Credit Union
Address: 111 Nelson Mandela Avenue, Harare, Zimbabwe

MEMBERSHIP ELIGIBILITY
Any natural, legal or a group of people(s) eligible for membership of Diaspora Credit Union may apply to be members by completng an applicaton for membership form, and may be admited if they meet the following requirements:
a) Is within the field of membership provided for in the bylaws. 
b) Is not less than eighteen years of age. 
c) Is not directly carrying out such actvites detrimental to the objectves of the society.
d) Society is of a good character. 
e) Has regular income from employment, business or trade. 
f) Has paid entrance fee and minimum shares as prescribed in the membership policy. 
g) Has filled a nominee form (Next of Kin) h) Has understood the objectves of the Credit Union, his obligatons as a member and other membership requirements as stated in the By-laws.

MEMBERS’ OBLIGATIONS
As a member of Diaspora Credit Union, you are obliged to: 
a) Be faithful and honest in all their dealings with the Credit Union. 
b) Observe the law, the rules and these By-laws whenever transactng any business with the Credit Union. 
c) Observe the code of conduct and ethics of the Credit Union, and desist from any corrupt practces in all dealings with the Credit Union.
d) Protect the image of the Credit Union and avoid unnecessary publicity, incitement or careless talk that can injure the reputaton of the Society.
e) Inform the Chief Executve Officer in writng of change of my physical address and contact details whenever they occur.
f) Pay my debt obligatons to the Credit Union without fail and save regularly with the Society. 
g) Seek cooperatve educaton to improve my awareness and enlighten-ment on cooperatve maters.
h) Atend meetngs and educaton forums and take part in Credit Union’s decision-making. i) Inform non-members and encourage them to join the Credit Union.
j) Identfy problems affectng the Credit Union and suggest solutons. 
k) Partcipate in the Credit Union’s projects, both physically and financially.
l) Make use of the services of the Credit Union as stated in its objects. 
m) Comply with these By-laws, the Co-operatve Act, the Credit Union Act, Rules, Regulatons and resolutons of General Meetngs. 

MEMBERS RIGHTS
The following are the rights that you enjoy as a member of Diaspora Credit Union: 
a) Receiving, periodically and regularly, or upon request, and at least once a year, a statement of accounts containing the record of his credit and debit transactons. 
b) Atending and partcipatng in electons within the electoral zone. Each member shall have one vote irrespectve of his/her total shareholding. 
c) Electng representatves to atend and partcipate at a general meetng.
d) Electng or be elected as an officer of the Credit Union, unless otherwise prohibited by any other law or these By-laws. Using the Credit Union’s services according to the policies and procedures approved by the Board of Directors. 
e) Submitng projects or initatve to the Board of Directors, for the improvement of the Credit Union’s services. 
f) Appointng a nominee. 
g) Partcipatng in the sharing of the Credit Union’s surpluses. 
h) Accessing all legitmate informaton relatng to the Credit Union, including internal regulatons, registers, minutes of the Annual Delegates Meetngs, Supervisory Commitee reports, and annual accounts, at the registered office of the Credit Union, subject to the Credit Union’s policies and regulatons in force at the tme. 
I) Votng on all maters put before the electoral zone. 
j) Enjoying all other rights as prescribed by the Co-operatve Act and the Rules.

LAW
These terms and conditons shall be governed and construed under the laws of the Republic of Zimbabwe.