Vision Statement

To be the leading cooperative society transforming the financial and material well-being of our members and the broader community through innovative and inclusive solutions, enhancing livelihoods and driving sustainable development.

Mission Statement

First Co-op Multipurpose Cooperative Society is dedicated to providing a diverse range of financial products and essential commodities that empower our members. We aim to offer affordable loans, facilitate access to essential goods, and support community growth through educational and empowerment initiatives. Our commitment is anchored in integrity, inclusivity, and sustainable practices to foster economic resilience and quality of life for all our members.

Brief Background

First Co-op Multipurpose Cooperative Society has been a cornerstone of Obafemi Awolowo University’s community for 51 years. Founded by the university's former Bursar, Mr. I. O, Agbaje, our cooperative was created to help members manage their finances better, save money, and access essential goods and loans affordably.

From the start, we welcomed both academic and non-academic staff. This inclusivity has allowed us to build a strong and diverse membership base, now comprising over 2,000 members from all parts of the university.
For over 20 years, First Co-op was the only cooperative society at the university, establishing itself as a key support system for its members. Our dedication to excellence has earned us multiple awards as the best-performing departmental cooperative society in Osun State.
In 2023, we introduced the concept of Associate membership. This new initiative aims to extend our services and products to people in the immediate and larger community surrounding the university who the university does not employ. By doing so, we hope to help even more individuals manage their finances and improve their quality of life.
Today, we continue offering a range of financial products and essential commodities to benefit our members. Our focus remains on providing reliable services and fostering a supportive community, ensuring that everyone can thrive together.

Smart-Shop

Automated preparation of Society final accounts; monitoring of the final account progress on daily basis.

Smart-Shop2

Automated Statement of accounts/Accounts Reconciliation.

Personal Information & Accounts Maintenance

Automated Members’ Personal Information, (including pictures and signatures,) Accounts & Transactions maintenance.

Periodical Reports

Automated Generation of monthly, quarterly, yearly reports e. g. Cash-Book, Monthly Analysis Book (MAB), Personal Ledger, Passbook, etc.

e-Mailing of Reports

Automated e-mailing of Deduction Analysis Slip (Members e-Passbook) to members.

Trading & Loan Administration

Automated Trading activities and Loan disbursement administration.

Cooperative Supermarket

Automated Cooperative Supermarket System linked with Cooperative Account System.

Electioneering

Automated electioneering activities

Availability

Availability of information with light speed, and many more: all at the click of a button.

Data Security

Maximum Security of data/information through (off-site and/or Cloud) backup creation facilities.

Customisation flexibility

Customization flexibility to meet any other special needs as may be demanded by your great Cooperative Society’s peculiar procedure of business transaction .

Deployability

Local Single/Multiple PC, Intranet and Internet deployability (being a web-based application)

Members' Voice

Cooperative Financial Transactions System does not have to be a nest of corruption, it ought to be a network-leverage for Members to climb heights they would never have been able to climb all alone. This Society is out to take care of the drudgery of Book-keeping; so that Decision Makers can have greatest trust from Members, be freed to honestly concentrate on productivity and giving real Values to every Stakeholder of the Society.

CONTACT FORM

You may send in your enquiries, requests, suggestions, comments, etc, using the following form

Our Contacts

Address:

OAU CTCS Ltd,
Agbaje House, Obafemi Awolowo University,
Ile-Ife, Osun State, Nigeria.

Phone:

+234 (0) 80 3833 7843

E-mail:

oauctcs@cooptran.com