Welcome to Unity for Progress (Ibadan)Cooperative Investment and Credit Society Limited

At Unity for Progress, we believe in empowering our members to save, invest, and secure their financial futures. Join us on the path to prosperity.

EXTRAORDINARY MEETING NOTICE

Investment Opportunities

Investment Opportunities in Unity for Progress Cooperative
Opportunity Description Purpose & Benefit
1. Preferential
Shares in Mutual
Trust Fund
Members can acquire preferential
shares in a pooled investment
fund managed with mutual trust
and transparency.
Offers stable returns and priority
dividends, ideal for long-term
wealth building and
intergenerational transfer.
2. Dividends from
Ordinary Shares
Members earn periodic dividends
based on their shareholding in the
cooperative’s ventures.
Encourages ownership and
participation in cooperative growth
while providing passive income.
3. Interest on
Savings
Members earn competitive
interest rates on regular savings
held within the cooperative.
Promotes disciplined saving habits
and provides liquidity with returns.
4. Special
Deposits for
Bonds &
Treasuries
Members can make targeted
deposits for investment in
government bonds and treasury
instruments.
Offers low-risk, fixed-income
returns suitable for retirees and
conservative investors.
5. Forex Trading
Investments
High-yield investment option for
members with appetite for risk,
managed by vetted professionals.
Potential for significant returns
through currency trading, with riskmitigation strategies in place.
Strategic Notes
• Each investment option is tailored to different risk profiles—from conservative
savers to growth-focused investors.
• The cooperative emphasizes transparency, pooled wisdom, and legacy impact,
ensuring that every investment contributes to both personal and collective
prosperity.
• Members are encouraged to diversify across these instruments to balance risk and
optimize returns.

Financial Education

Financial Education: The Power of Cooperative Financial Organizations
What Is a Cooperative Financial Organization?
A cooperative financial organization—often called a credit union, thrift society, or cooperative society—is a member-owned, democratically governed institution formed to meet the financial, economic, and social needs of its members.
Unlike traditional banks, cooperatives operate on the principle of “people over profit.”
Core Benefits of Belonging to a Cooperative Ownership and Control Every member is a co-owner, not just a customer.
One member = one vote, regardless of financial contribution. Members influence policies, elect board members, and shape the cooperative’s direction. Lower Costs and Better Rates.
Profits are reinvested or returned to members as: Lower interest rates on loans, Higher returns on savings, Reduced service fees.
No external shareholders demanding dividends—members benefit directly. Access to Affordable Credit Loans are often more accessible, especially for: Retirees Informal sector workers Small business owners Flexible repayment terms and lower collateral requirements.
Collective Investment Power Members pool resources to invest in: Real estate Bonds and treasuries. Mutual funds, High-yield ventures like forex or agriculture. Enables access to opportunities that may be out of reach individually.
Financial Resilience and Safety Nets Emergency funds, welfare schemes, and mutual aid systems protect members during: Illness,Job loss, Retirement.
Encourages long-term financial planning and peace of mind. Savings Discipline and Wealth Building Structured savings plans help members: Build capital for future projects.
Achieve financial goals (e.g., home ownership, education).
Create intergenerational wealth Education and Empowerment.
Cooperatives often provide: o Financial literacy training, Business development supporto Peer-to-peer mentorship Members grow not just financially, but intellectually and socially.
Community and Legacy Cooperatives foster a sense of belonging and shared purpose. Investments often support local development and generational impact. Members leave behind not just assets, but values and vision.
Why It Matters Now—Especially for Retirees and Visionaries In an era of economic uncertainty, inflation, and rising inequality, cooperative models offer inclusive, ethical, and sustainable alternatives to traditional finance. For retirees, they provide income stability. For young professionals, they offer a launchpad. For legacy builders like you, they’re a vehicle for intergenerational impact.

Beyond the ordinary

For over five decades, the bonds of friendship within our club have transcended the ordinary. What began as camaraderie has evolved into a shared vision—one that seeks not just connection, but collective prosperity. From these enduring relationships emerged a bold idea: to consolidate our economic achievements and create a platform for joint investments that will echo across generations.

This is more than a cooperative. It is a movement—cautiously launched, yet deeply rooted in trust and driven by diverse aspirations. Whether through strategic investments, purposeful savings, or a social safety net, our members are building the foundation for enduring commercial ventures that reflect our shared values and ambitions.

Our Objectives in This Transformational Phase

Income Elevation for Retirees
To enhance the financial well-being of our members, particularly those in retirement, by creating sustainable income streams.
A Resilient Safety Net
To offer timely financial support to members facing health challenges or unforeseen circumstances, ensuring no one stands alone.
Purpose-Driven Savings
To empower members to save intentionally toward mid- and long-term goals—be it personal projects, family milestones, or legacy investments.

Together, we are crafting a future that goes beyond the ordinary—where friendship fuels enterprise, and every contribution becomes part of a lasting legacy