NCSL general manager, Vari Lahui, said the Society has achieved this milestone in a relatively short period of time, an indication of its strong performance since its inception, growing its membership from 18,164 in its first year to over 100,000.
Lahui added this demonstrates the trust and confidence that members have in the Society and NCSL continues to repay this through sustained profitability and consistent returns to members while offering innovative products and providing consistent quality service.
He said the Society continues to focus on broadening its products range and improving the efficiency of service delivery to members.
“We will maintain our focus on providing the best for our members through innovation and investment in technology to meet the evolving needs of our growing membership,” said Lahui.
“It is very important that NCSL does not become complacent and continue to deliver very good results and consistent quality service to ensure the business growth it has enjoyed since inception.”
Lahui said the Society continues to invest in technology to ensure they are positioned well to meet the evolving demands of a growing membership base. This includes driving greater efficiencies and automation of processes through.
NCSL registers over 70 new members in a day and most of these are NCD Member Service, according to branch support manager, Robert Thadeus.
He said Society is also working on other initiatives towards its vision to become a “one-stop-shop bank”.
The Society has recently announced its interest crediting rate of 4.3 percent for 2017, an improvement from the 2016 crediting interest of 3.9 percent to members.