Executive Committee (EXCO)
Elected at the AGM for 3-year terms. EXCO leads the Society's direction and finances. Positions: Chairman, Vice Chairman, Secretary, Vice Secretary, Treasurer, Vice Treasurer and two Members' Representatives.
About NSCL
Governance
NSCL is led by members through an elected Executive Committee, supported by specialist committees and a General Manager.
Credit Committee
Assesses and approves loans, sets credit policy and watches the loan book's health.
Investment Committee
Finds and assesses new business opportunities and oversees the investment strategy. It includes the Chair, the Treasurer and the General Manager (non-voting) plus members with finance and sector expertise. Terms are 2 years.
Systems Committee
Leads the move from spreadsheets to proper loan-management and ICT systems, and data security.
General Manager
Full time, supporting EXCO and the committees with day-to-day operations.
NFSL
Governed by its own Credit Committee (Chairman, Treasurer, Secretary and members), which meets at least quarterly. Final loan approval rests with its Chairman in writing.
Our objectives
From the NSCL bylaws.
- Encourage members to save and safeguard their savings
- Lend to members and non-members on reasonable terms
- Invest in legitimate businesses
- Provide good returns to members
We are not yet accepting new members.
NSCL is a registered cooperative under the Cooperative Societies Act [CAP 152], recognised by the Office of the Registrar of Cooperatives and Business Development Services (ORCBDS).
