The first thing COOPLAG does for her member is to develop a savings culture in them. As a member of the cooperative, you are obligated to contribute regularly and monthly. The contribution is usually deducted from source. So, irrespective of your needs, you save compulsory. Bulk payment into the savings account is also allowed.
The minimum monthly contribution is N20,000.00 via payroll
You can make additional payments into your regular savings account
You can only withdraw from your savings 3 times within a given fiscal year.
Not more than 85% of unencumbered savings can be withdrawn at any point in time.