TRA SACCOS LTD is a Savings and Credit Cooperative Society established to enhance the economic and social well-being of its members through reliable savings, loan, and other financial services. Joining the Cooperative is simple and follows clear, transparent procedures governed by the Cooperative’s Laws, Regulations, Policies, and Guidelines.

This article explains the full journey of an applicant—from application to becoming a full member of TRA SACCOS.

Step 1: Identify the Appropriate Membership Category

An applicant must first identify the membership category they qualify for. TRA SACCOS offers the following types of membership:

  • New Members – Employees of the Tanzania Revenue Authority (TRA) who meet the membership requirements

  • Retired or Former TRA Employees – Members who choose to continue with membership after retirement or resignation and continue contributing mandatory monthly contributions

  • Dependent Members – Legal spouses (husband or wife) and legal children of existing members, subject to meeting the Cooperative’s requirements

All categories are subject to the Cooperative’s Laws, Regulations, Policies, and Guidelines.

Step 2: Verify Membership Eligibility

To qualify for membership, an applicant must:

  • Be of sound mind

  • Be trustworthy and well known to other members

  • Be willing to actively participate in Cooperative activities

  • Not engage in personal business activities similar to those of the Cooperative

  • Be willing to pay the entrance fee, purchase the required shares, and save regularly

  • Be willing to comply with all Cooperative Laws, Regulations, Policies, and Guidelines

Step 3: Complete and Submit the Membership Application Form

An eligible applicant is required to:

  1. Complete the Membership Application Form, available at the Cooperative offices or on the TRA SACCOS website

  2. Submit the completed form to the Cooperative offices for processing

Step 4: Make Initial Payments

The applicant must make the following payments:

  • Non-refundable entrance fee

  • Membership shares as prescribed

  • Mandatory savings and welfare (bereavement) contributions in accordance with the relevant policies

Payments may be made through:

  • Bank deposit (Direct Deposit)

  • Bank Standing Order

  • Mobile money services

  • Salary deduction

Step 5: Application Review and Approval

  • All membership applications are reviewed by the Board Members

  • The Board receives and approves new members on a monthly basis

  • Approved members are presented to the General Meeting for confirmation

Step 6: Commencement of Membership Services

An applicant will begin receiving Cooperative services after meeting the following conditions:

  • Payment of the entrance fee

  • Payment of at least fifty percent (50%) of the required membership shares

  • Contribution of mandatory savings for a minimum period of two (2) months

At this stage, the applicant becomes an active member of TRA SACCOS.

Step 7: Completion of Full Membership

  • A member is required to complete one hundred percent (100%) of the required membership shares within twelve (12) months from the date of joining

  • A member who fails to complete the required shares within the stipulated period shall not qualify for loan services

  • Where necessary, part of the interest earned on savings may be applied to complete the required membership shares

Step 8: Nomination of a Beneficiary

Every member is required to nominate a beneficiary, who shall be entitled to receive the member’s shares and other benefits in accordance with the Law of Succession in the event of the member’s death.

Step 9: Member Responsibilities and Discipline

Members are required to:

  • Comply with all Cooperative Laws, Regulations, Policies, and Guidelines

  • Participate actively in Cooperative activities

  • Respect resolutions passed by the General Meeting and decisions of the Board

A member may be suspended or expelled in cases of misconduct or violation of Cooperative rules, following due legal and disciplinary procedures.

Conclusion

Joining TRA SACCOS is a strategic step toward achieving financial stability and long-term prosperity. Become part of a trusted Cooperative that prioritizes your growth and financial well-being.

Join Now and start building a brighter financial future today! Download Form