navigation search wazalendo savings and credit cooperative society type private industry financial services founded 2005 headquarters bombo uganda key people brig. moses ssentongo 1 chairman products loans savings investments revenue aftertax us 3.3 million ugx 9.5 billion 2014 total assets us 45.5 million ugx 131.1 billion 2014 slogan save for the future development website homepage wazalendo savings and credit cooperative society wsacco also referred to as wazalendo sacco is a savings and credit co operative society in uganda . it is an institutional sacco composed of uganda people s defence force updf personnel and their families updf reserve forces and staff of uganda s ministry of defence . wsacco is affiliated with the uganda co operative savings and credit union limited and with the uganda co operative alliance . 2 contents 1 overview 2 branch network 3 governance 4 see also 5 references 6 external links overview edit wsacco was established on 22 september 2005 with initial savings of about us 96 000 ugx 238 million . membership is restricted to persons in active service with the updf and their families updf veterans and their families and staff of the ministry of defence in uganda and their families . the main objective is to mobilize savings and make loans to members at reasonable interest rates to improve their welfare . wsacco adopted save for the future development as its slogan . by 30 june 2011 61 482 members had joined . by february 2012 membership had increased to 65 741 and total savings were valued at approximately us 9.23 million ugx 23 billion making wsacco the largest savings credit union in uganda . 3 as of april 2014 update the wsacco s total assets were valued at approximately us 43.7 million ugx 109 billion with shareholders equity of about us 30.1 million ugx 75 billion and a loan portfolio estimated at us 35 million ugx 87 billion . 4 as of december 2014 the wsacco s membership had increased to over 73 000 . shareholders equity stood at ush67 .4 billion us 23.4 million . total assets were valued at ush131 .1 billion us 45.5 million . the total loan book stood at ush116 .3 billion us 40.4 million . wsacco made after tax profits of ush9 .5 billion us 3.3 million for the calendar year ending 31 december 2014 . 5 branch network edit as of march 2015 update wsacco maintained the following branches 6 achol pii branch achol pii arua branch arua updf barracks head office bombo updf barracks bombo branch bombo entebbe branch entebbe gulu branch gulu jinja branch jinja kakiri banch kakiri kotido branch nakaprimoli kotido district masaka branch masaka masindi branch masindi mbale branch mbale mbarara branch mbarara moroto banch moroto mubende branch mubende muhooti branch muhooti nakasongola branch nakasongola updf air base ssingo branch kaweweeta nakaseke district mogadishu branch somalia non networked branches governance edit as of march 2014 the board of directors of the society included the following 5 board members chairman brigadier moses d ssentongo vice chairman major g katongole caretaker vice chairman lieutenant colonel robert mugabe treasurer captain emmy kumanya member central captain ronald k kagina member gender captain alice ankunda member western lance corporal isabirye aarone mwase member eastern private habib mohamed bumba member northern warrant officer ii nicholas mwebaze member west nile sergeant isaac draparaku supco members chairman supco lieutenant colonel joseph onata vice chairman supco major arthur k kwezi secretary supco captain danson tayebwa see also edit banking in uganda economy of uganda exodus sacco references edit lumu david 19 march 2015 . updf s wazalendo sacco annual general meeting starts . new vision kampala . retrieved 21 march 2015 . wsacco about us who we are . wazalendo sacco . retrieved 11 april 2014 . kasasira risdel 27 february 2012 . updf sacco grows savings to shs23 billion in eight years . in2eastafrica . retrieved 11 april 2014 . candia steven 10 april 2014 . army sacco gets new command . new vision . retrieved 11 april 2014 . a b wazalendo board . 20 march 2015 . wazalendo savings & credit cooperative society annual report for 31 december 2014 pdf . wazalendo sacco uganda . retrieved 21 march 2015 . full list of wazalendo sacco branches . wazalendo savings & credit cooperative society wsacco . retrieved 21 march 2015 . external links edit v t e luweero district capital luweero towns and villages bamunanika bombo kalagala kalule luweero ndejje wobulenzi ziroobwe economy centenary bank equity bank stanbic bank wazalendo sacco notable landmarks bamunanika palace roman catholic diocese of kasana luweero health bombo military hospital transport gayaza ziroobwe road ziroobwe wobulenzi road kampala gulu highway education bugema university ndejje university notable people abraham byandala kiddu makubuya john chrysostom muyingo retrieved from https en.wikipedia.org w index.php title wazalendo savings and credit cooperative society & oldid 704221063 categories companies of ugandacompanies established in 20052005 establishments in ugandaluweero districthidden categories articles containing potentially dated statements from april 2014all articles containing potentially dated statementsarticles containing potentially dated statements from march 2015 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 10 february 2016 at 08 15 . text is available under the creative commons attribution sharealike license ; additional 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