OLD NATIONAL
Savings & Loans Cooperative LTD (ONASAL)
Ancienne Cooperative Nationale d’Epargne et de Credit
Your Pathway to Financial Success
Votre Chemin vers la Reussite Financiare
Bamenda Branch
Cow Street Nkwen, Opposite Sonel Building
NW Region, Cameroon
Cameroon Phone Contacts:
237 6 75 13 14 29 // 237 50502449//237 677084712
US Phone Contacts:
001 612 462 7984 // 001 202 718 4937
Europe Phone Contacts:
+44 7969 062842 // +491735838327//+447852981478
Hours of Operation
Monday - Friday: 8am - 4 pm
Saturday: 8 am - 1 pm
Deposit Products :
Account Openings (Visit our office for new account openings or contact us at the phone number above)
Current Account (Free Daily Deposits and Withdrawals)
Deposits and Withdrawals can be made any time without prior notification of the credit union. This account yields no interest.
Savings Account (Let your money work for you! Earn interest on your savings deposits)
ATTN: DIASPORA
Share savings account has stipulations. To be a member of the credit union, you must buy a minimum of 50 shares, that is 1,000 FCFA Per Share equaling 50,000 FCFA. These shares make you a member owner of the credit union, and the shares can be withdrawn at the closure of the account.
A 5 day advanced notice must be given to the credit union prior to withdrawal from share savings, without which there is a 2% penalty on the amount withdrawn. Keep in mind that the general assembly can, from time to time, agree to increase savings shares depending on the growth of the credit union. This account pays dividends at the end of the year!
You can also take a loan against your shared account balance.
Business Account (Separate your personal finances from your business for better accountability and management). Business account does NOT earn dividends
Elite Savings (Earn higher dividends on higher balances) Our tiered Elite rates mean that higher balances earn a higher interest rate)
Certificate of Deposit (CD)//Regular Dividend CD =Grow your savings even more with a fixed higher interest rate over your preferred term length. Our Certificate of Deposit offers you a guaranteed rate of return to best suit your financial growth goals.
Salary Account: Your salary can be received into this account and checks are provided to holders of this account to facilitate payments.
Dormant Account: This is an account that has gone inactive for a period of 2 years or your shares have fallen below the required minimum to keep in your account. It is considered abandoned property if no transaction has been performed. In such a case you are considered not a share member and would have to reactivate the account with a fee of 5000 FCFA
Loan Products :
We offer great rates on a variety of loan products. We offer an easy application process, timely loan approvals to meet your financial needs.
Short & Long Term Loans/Express Loans
Auto/Bike Loans
Business Loans
Educational Loans
Agricultural Loans
Rural Development Loans (USA Funds for International Development)
Payment of Civil Servants Salaries (Availability of Overdrafts)
Attestation of Bank Deposit Caution
Money Transfer Services
Other loan feature: Skip a Loan Payment (Once per year)
Forms :
Our Diaspora Members :
We, at Old National Savings and Loans, understand your need and passion to save money and invest at home. We are your one-stop-shop for all your financial needs to carry out those projects you’ve always dreamed of accomplishing.
As expected of our diaspora share member owners, excellent customer service is our top priority, and we make it easy for you to transact business with us! We have tailored our deposit products, such as our Certificate of Deposit (CD) that comes with a higher interest rate to suit what you are used to overseas. Our loan product comes with a unique Skip a Loan Payment (Once Per Year) to give you that break when times are hard.
We are the only financial institution in Cameroon to offer that product, and more! We have representatives in the USA, Europe, and Cameroon at large to cater for your financial needs!
Requirements to Become a Member
1. Fill out an application Form below and Sign
2. Submit a copy of a valid National Id or Passport
3. Submit 2 Passport Size Photographs
4. Pay a Solidarity Entry Fee of 5000 FCFA
5. Pay a Building Contribution Fee of 10,000 FCFA
6. Buy Shares 1,000 FCFA Per Share equivalent to 50,000 FCA
About Us click for more
Old National Savings & Loans is a financial cooperative, a micro finance category 1 institution, meaning you as a member, are a part owner of the credit union. A Not-For-Profit financial cooperative, we are well capitalized and sound!
We are committed to making a positive impact in the lives we touch by helping our share member owners attain their financial goals.
Serving our members with integrity puts us at a competitive advantage. Our reputation is indispensable to doing business, and because you trust us with your money for safe keeping, our reputation matters!
We at Old National Savings and Loans Cooperative care about our shared members. We also care about our financial experts who take great care of you.
We care about our communities, and together we will grow our communities.
Purpose / Values click for more
Our Core Purpose
Our purpose is to create a positive impact in the lives we touch, strengthen families, enable our share member-owners succeed financially, and grow our communities. In this regard, our short term goal is to establish our footprint in Yaounde, Douala, and Limbe respectively. Our purpose is intrinsically linked to our culture, and our core values play a key part of how we conduct business at Old National Savings and Loans.
Our Core Values
Integrity
Do the right thing
Make it easy to do business
Make a difference
Be caring of our members
Take ownership of what you do
Be friendly, nice & respectful
We’re About Transparency
Our commitment to transparency includes regular all-staff communications, regular share member meetings, and the BOD must hold the annual meeting of the members to discuss the state of affairs. As an ONASAL member, you’ll be aware of our overall direction and performance! You’ll also be kept up to date through our WhatsApp Platform on current and future projects, deposit balances, outstanding loans. You’ll be able to see our progress toward our goals, and know how you’re contributing to the success of Old National Savings and Loans Cooperative. Attend regular meetings and be part of the decision process because you are a share owner of the credit union.
You’ll Grow With Us.
Become a Share Member Owner
The culture at ONASAL keeps team members focused on their future and the future of our share member-owners. ONASAL provides our bankers with many opportunities for development to better serve you.
Our Mission
Old National Savings and Loans recognize the value of a cooperative financial institution where members help each other succeed financially. In this cooperative spirit, Old National Savings and Loans is a not-for-profit institution where members are also true owners.
Together We Own! We practice responsible banking, grounded in cooperative ownership.
Together We Empower! We solve problems and create financial opportunities for a better tomorrow.
Together We Matter! We are committed to making a difference in the lives of our members and the communities we serve.
Our Vision
By living our values, we redefine the role financial institutions play in building thriving, sustainable communities in Cameroon. We will seek our growth from both new members and by serving the financial needs of present members. In order to provide quality member services, Old National Savings and Loans must remain financially sound and secure. This is accomplished by strengthening and protecting our members, and ensuring equitable financial inclusion through a robust, safe, sound, and evolving credit union.
We care about our communities, and together, we will grow our communities.
Company Profile click for more
Founder & Managing Director: Dr Hans Ngowah Mbangowah
Co-Founder and Asst Managing Director: Mafor M Djomo
Board of Directors
Mr Valentine Kupong (Cameroon)
Mr Mbahko Fombi (Germany)
Dr Hans Mbangowah (USA)
Mrs Veronica Nangah Ndifongwa (USA)
Mr Emmanuel Kum (UK)
Mrs Edith Azipo Leale (UK)
Mrs Evelyn M Anja (Cameroon)
Mrs Emelda Ndongfa (Germany)
Mrs Theresa Bih Mbangowah (UK)
Chairman: Dr Hans Ngowah Mbangowah
Asst Chair: Mrs Veronica Nangah Ndifongwa
