Kenya National Police DT SACCO crowned SACCO of the Year at FiRe Awards 2023
The Kenya National Police DT SACCO has once again proven its excellence, taking home multiple awards and ending the year 2023 on a high note.
The numerous 2023 accolades are a testament to the SACCO’s unwavering commitment to delivering exceptional services to its members.
The coveted FiRe Award, won by the SACCO recently, crowned it as the SACCO of the Year, setting a new standard for excellence in the industry, reaffirming the SACCO’s position as the country’s leading financial co-operative society, offering attractive dividends to its members.
The FiRe award is a joint initiative of the Institute of Certified Public Accountants of Kenya (ICPAK), the Capital Market Authority (CMA) Kenya, and the Nairobi Securities Exchange (NSE) and winners are identified after a rigorous evaluation process using globally accepted principles and best practice standards.
The SACCO’s exceptional performance in 2023 is a result of its tireless efforts to cultivate a culture of excellence and continuous improvement in its service delivery. By consistently offering the best services, the SACCO has become the country’s most decorated Savings and Credit Co-operative Society.
Its many achievements, including winning the FiRe Award in 2021 and 2019, the best-managed SACCO award last year and the CIO Gold winner award in the past, reflect the SACCO’s dedication to providing the best services and its proficiency in enterprise information technology adoption in the SACCO sector.
The Kenya National Police DT SACCO’s outstanding growth, financial performance, and service delivery have made it a champion in providing financial services and deepening financial inclusion. The SACCO’s prudent management, savings mobilization, and affordable credit provision to thousands of members demonstrate its commitment to offering exceptional services.
The SACCO’s recognition as the Best Managed Co-operative and the best in credit management under the employer-based SACCO Tier 1 category, as well as its third-place ranking in deposit management under the deposit-taking SACCOs countrywide during 2023 Ushirika Day Celebration, demonstrate its resolve to learn from the best and emerge as the best. President William Ruto presented the Best Managed Co-operative Award to the SACCO’s Board Chairman, Mr David Mategwa, during the Ushirika Fete.
To top it off, the SACCO’s five awards in critical areas, including four first-place rankings, highlight its unmatched performance for a giant SACCO that celebrated its 50th-anniversary last year by opening a state-of-the-art stadium funded under its CSR initiatives.
The many 2023 awards reinforced the SACCO’s dedication to excellence and its commitment to providing its members with the best financial services, many of whom have achieved financial independence.
The Kenya National Police DT SACCO is a wise choice for those looking to grow their finances. By promoting a savings culture, members are able to make informed decisions and invest in income-generating activities, leading to better focus and increased financial stability.
The SACCO also places a strong emphasis on corporate governance, ensuring financial security and trust.
Giving back to society is a priority for the SACCO, with initiatives like sponsoring education for children of members and fallen police officers. More than 150 students have been sponsored in secondary schools and universities.
In terms of financial performance, the SACCO ranks as the best-managed in the country, with the highest total income and gross loans in the SACCO sub-sector.
Members consistently receive high returns on their investments, with interest rates on deposits and dividends on shares that are among the most competitive in the market. Early last year, the SACCO paid interest on deposits at 11 per cent and dividends on shares at 17 per cent.
Looking ahead, the SACCO remains steadfast in its commitment to serving its esteemed members by continually innovating and evolving to meet its members’ ever-changing needs.
“We will strive to live up to our core values in everything we do. Together, we will build a stronger, more resilient SACCO for the coming decades,” said Mr Mategwa.
The SACCO remains among the top-performing tier-one SACCOs in the country. It has continued actively championing socio-economic empowerment through its vast savings, credit and investment products and services while uniting members for prosperity.
The SACCO has depicted steady growth as per the audited financial statements, and its future looks brighter.
Through its Housing and Investment Co-operative, the SACCO is engaged in delivering Housing, Land, and investment returns to members so that it can increase their wealth and assets where individual members and organized groups can access financing and buy property in various parts of the country.
Join the Kenya National Police DT SACCO today and experience the benefits of wise financial planning and investment.
