UNS-SACCO Uganda was registered under the Uganda laws governing SACCOs and started serving the UN Employees of Uganda in November 2009 to address the challenges faced by the UN staff in accessing affordable and manageable credit facilities.
During the monthly operations Management Team (OMT) Meeting in April 2007, the OMT recognized the problem facing local staff in accessing loans from banks due to the terms and conditions set by banks. Most banks charge high interest rates leaving staff with limited savings and also banks require a letter of under taking from employers before extending credit facilities. In some cases, UN agencies are reluctant to issue these letters because they have provisions that are likely to commit management in case a staff member does not honor his/her obligation. UN like international staff, national staff members do not have access to UNFCU loans. OMT established an Ad-Hoc committee comprising representatives from agency staff association to explore the possibility of coming up with feasible solution.
It is from this back ground that the UNITED NATIONS STAFF COOPERATIVE SAVINGS AND CREDIT SOCIETY LIMITED (UNS-SACCO) was registered in Uganda 10/08/2009 under the Cooperative act to serve UN staff and their families. UNDP Staff association is highly recognized for promoting the formation of the UNS-SACCO Uganda and now the activities of the UNDP staff association activities are now handled by UNS-SACCO-Uganda but however UNS-SACCO Management is in arrangement with other staff associations to do the same. A launch was made on 08/10/2009 at hotel African in a color full ceremony where by all the UN agencies were fully represented.