Owned by Members. Run by Members.
We are democratically controlled. Every decision made at Family SACCO prioritizes the people who actually use our services.
One Member, One Vote
Unlike traditional banks where influence is dictated by the number of shares owned, our cooperative operates on a strictly democratic principle.
Whether you have 100 Birr or 100,000 Birr in your account, your vote carries the exact same weight in our Annual General Meetings. Your voice matters — not the size of your balance.
Our Governance Principles
Member-Elected Leadership
Our leadership team is composed entirely of Family SACCO members, elected by the membership. This ensures strategic direction is guided by people who understand the needs of our community firsthand.
Democratic Decision-Making
Major decisions — from interest rates to product offerings to expansion plans — are made through transparent, participatory processes. Every member has the right to propose, debate, and vote.
Transparent Accountability
We publish regular financial reports and hold Annual General Meetings open to all members. Our governance model is built on openness — you always know where your money goes and how decisions are made.
Elected by the Community
Every board member, committee chair, and officer at Family SACCO holds their position because members chose them. There are no appointed executives here only people accountable to the community.
This structure ensures that the cooperative remains aligned with the actual needs of its members, not the interests of outside shareholders or distant investors.