Membership is opened to all members of the RCCG Jesus Embassy Family (Presently Oyo Province 4 and 12) who are 18 years and above.
HOW TO BE A MEMBER
1. Obtain membership form from the office at No. 16, Iba Oluyole mall, Awolowo way, Oke-Bola, Ibadan at a costs of N1,000 per form.
2. Complete the form with your parish pastor’s recommendation and return
same to our office.
3. Commence operation with purchase of at least 1,000 units of shares at the rate of N10 per share. Then continue to build your savings.
RESPONSIBILITIES OF MEMBERS.
A minimum of 1,000 units of shares at N10 per unit is expected to be purchased by all members before they can be accepted as members. This can be increased thereafter till the total authorize shares of the CICS is fully taken up and paid for. Kindly note that the issue price of this CICS shares is N10 per share which will be increased from time to time by the Board of Trustees of the CICS as the Shareholder funds of the CICS increases.
All members are expected to meet their regular savings obligation as specified
in their membership form. However, members are not restricted to the amount filled in their form as monthly contribution.
a. This is at least N2,500 per month.
b. It should be noted that Regular savings balance as at any given time determines members’ loan limit. The upper limit of a members' loan is 200% of his/her regular savings balance.
c. To this end, the Bye law of the CICS forbid granting of loans to non-members of the CICS and the Provinces.