In traditional commercial banking, customers deposit their hard-earned money and receive modest interest rates while bank executives retain complete equity. In contrast, Paragon Mutual Investment Fund Cooperative Credit Union Ltd (PAMIFCCUL) operates under cooperative democratic principles.
When you purchase shares (at just 1,000 FCFA per share), you become a legal co-owner of the institution. Your capital earns dividends when the credit union prospers, and you retain voting power during Annual General Meetings (AGM).
Key Benefits of PAMIFCCUL Shares:
- Co-Ownership: You are an owner, not merely an account number.
- Annual Dividends: Distributed based on the cooperative's audited performance.
- Capital Preservation: Safeguarded under COBAC regulatory guidelines.
