STAC Alumni Association

STAMCOS Ltd.

STAC Alumni (Tanke) Multipurpose Cooperative Society Limited. A Multipurpose Cooperative Society owned by its members, University of Ilorin Catholic graduates, providing financial and technical assistance, goods, services, and facilities for the benefit of members and stakeholders.

Our History

Key milestones in the STAMCOS journey

18th February 2013

Alumni Investment Team Inaugurated

The Alumni Investment Team (AIT) of STAC Alumni was officially inaugurated, laying the groundwork for cooperative activities.

5th November 2016

Cooperative Society Announced

AIT announced plans to set up a Multipurpose Cooperative Society to serve the financial needs of STAC Alumni members.

8th March 2017

STAMCOS Ltd. Registered

STAMCOS Ltd. was officially registered under Kwara State Cooperative Societies Law of 2006.

Our Vision

“To become the first choice cooperative society for STAC Alumni members.”

Our Mission

“To add value to savings, ensure easy credits and improve the well-being of members and the community through integrated cooperative enterprises that are profitable, secure and member-centered.”

Core Values

The principles that guide everything we do

Honesty
Accountability
Responsibility
Value Addition
Equity & Equality
Self-Help
Trust
Solidarity

Management Executives

The dedicated team overseeing the daily operations and financial growth of STAMCOS Ltd.

How STAMCOS Works

Five simple steps to get started

1

Register Online

Create your account on the STAC Alumni website.

2

Pay Registration Fee

Complete the one-time registration fee of ₦3,000.

3

Application Vetting

Your application is vetted by STAMCOS Management Executives & STAC Alumni NEC.

4

Smart Membership Number

Receive your unique Smart Membership Number upon successful registration.

5

Start Saving & Investing

Begin saving and investing smartly with STAMCOS Ltd.

Our Schemes

Mandatory

Thrift & Loans Scheme

The primary savings and credit scheme for all STAMCOS members. Every registered member must participate in this scheme, saving a minimum of ₦10,000 monthly.

  • ✓Access to long-term and short-term loans
  • ✓Returns on savings
  • ✓Loan processing within 48 hours
Optional

Capital Projects Scheme

An optional investment scheme for members who want to participate in capital projects and earn additional returns beyond the mandatory thrift savings, starting from a minimum of ₦100,000.00.

  • ✓Access to Hot-Cash Loans
  • ✓Capital investment returns
  • ✓Participation in group projects

Loan Types

Flexible loan options to meet your needs

Long-Term Loan

Amount2x Unencumbered Savings
Interest9% p.a.
Tenor12 months
Available toThrift contributors

Short-Term Loan

Amount3x Unencumbered Savings
Interest13% p.a.
Tenor6 months
Available toThrift contributors

Special Loan

AmountTerms vary
Interest20% p.a.
Tenor6 months
Available toCapital Investment contributors

Short-Term / Hot Cash (Immediately)

Amount0.5x Capital Investment
Interest7.5% p.a.
Tenor3 months
Available toCapital Investment contributors

Membership & Contact

Who Can Join

Membership is open to registered STAC Alumni members only. The Thrift & Loans Scheme is mandatory for every registered member, while the Capital Projects Scheme is optional.

Registration Fee

₦3,000.00

Minimum Monthly Savings

₦10,000.00

Loan Processing Time

Maximum 48 hours

Contact Us

Headquarters

St. Thomas Aquinas Centre, Catholic Chaplaincy, University of Ilorin