|
Getting your Trinity Audio player ready...
|
The recent investigation into Metropolitan National Sacco has raised serious concerns among its members, particularly teachers who rely on the Sacco for savings and loans. If you were a member, you may be wondering what steps to take next. Here’s a comprehensive guide to help you navigate the situation and protect your finances.
1. Check Your Sacco Account Balance
Before making any financial decisions, confirm your savings, deposits, and loan balances. You can do this by:
- Logging into the Metropolitan Sacco online portal
- Visiting a branch in person
- Calling customer service at +254 709 153 000
- Reviewing your past Sacco statements
This will help you determine whether to withdraw funds, apply for refunds, or plan your next financial move.
2. Withdraw Your Savings (If Possible)
If withdrawals are still being processed, take immediate action to safeguard your money. Visit your nearest branch with:
- Your ID and Sacco account details
- A completed withdrawal request form
If withdrawals are restricted or delayed, continue monitoring Sacco announcements and engaging with regulatory bodies for updates.
3. Report Issues to SASRA and the Commissioner of Co-operatives
If you are struggling to withdraw funds or suspect financial mismanagement, report the issue to the Sacco Societies Regulatory Authority (SASRA) and the Commissioner of Co-operatives.
SASRA Contact Details
- Phone: +254 20 2935100
- Email: info@sasra.go.ke
- Website: www.sasra.go.ke
Commissioner of Co-operatives Contact Details
- Phone: +254 20 2252299
- Email: info@cooperatives.go.ke
- Website: www.cooperatives.go.ke
4. Join the Petition for Affected Members
Thousands of teachers and other members are seeking urgent intervention to protect their savings. If you have been affected, sign the petition to demand action from SASRA, the Ministry of Co-operatives, and other authorities.
Click Here to Sign the Petition
By signing, you are helping to push for immediate refunds, transparency, and accountability in the management of Metropolitan Sacco.
5. Explore Alternative SACCOs for Teachers
If you are looking for a more stable Sacco in Nairobi or across Kenya, consider joining one of the following:
- Mwalimu National SACCO – The largest teachers’ Sacco with savings, loans, and investment options.
- Imarisha SACCO – Offers financial services tailored to teachers and professionals.
- Kitui Teachers SACCO – A trusted Sacco for teachers seeking reliable financial services.
- Taraji SACCO – Originally designed for teachers, now open to other professionals.
Before joining, verify that the Sacco is regulated by SASRA and check its financial health.
6. Consider Other Financial Alternatives
If your savings are stuck or you need urgent financial assistance, explore:
- Banking options: Many banks offer teacher-friendly loans and savings plans.
- Sacco Safaricom solutions: Services like M-Shwari and KCB M-Pesa provide instant loans.
- Teachers’ Welfare Groups: Some teacher unions offer financial aid to members.
7. Stay Updated on TSC News and Financial Developments
Since many teachers are affected, TSC news today may include updates on possible interventions. Stay informed about:
- TSC breaking news on teachers’ promotion – Any salary adjustments that could improve financial stability.
- TSC good news today – Updates on teacher financial welfare.
For accurate updates, follow SASRA, TSC, and financial news sources.
Final Thoughts
If you were a member of Metropolitan Sacco, don’t panic—but take action now. Follow these steps, sign the petition, and explore alternative financial institutions to ensure stability.
Have you been affected by the Metropolitan Sacco crisis? Share your experience in the comments or join our Facebook group to discuss solutions with other teachers.
For more updates on SACCOs, TSC news, and financial advice for teachers, stay tuned to our blog.
