Skip to content

About NCCU

Founded in November 1976, the Nassola Cooperative Credit Union was established through the initiative of a group of residents from Nassola who shared a common vision of solidarity, cooperation and mutual support.

Following a series of awareness meetings conducted by Father Hervé de St Perne, under the initiative of the late Father Fleurot, the community recognized the importance of creating a cooperative financial institution managed by and for its members.

From its inception, NCCU’s mission has been to promote savings, facilitate access to credit and contribute to the socio-economic development of the community.

Today, more than fifty years later, NCCU remains a symbol of trust, collective responsibility and sustainable progress.

About NCCU
ICON

Mission

To improve the financial well-being of our members through cooperative values, responsible savings, accessible credit and community empowerment.

ICON

Vision

To be the leading cooperative financial institution in Rodrigues, recognised for excellence, innovation and commitment to member prosperity.

Our Values

ICON

Integrity

ICON

Trust

ICON

Transparency

ICON

Accountability

ICON

Community

ICON

Financial
Responsibility

Key Historical Milestones

Foundation and Early Development

Membership
Fee

Rs 4 registration fee for new members.

Savings
Promotion

Free savings encouraged from the beginning.

Officia
Registration

Officially registered with the Ministry of Co-operatives on 18 February 1976.

First
Employee

Late Wenceslas Jean Louis commenced official duties on 18 February 1976.

First General
Assembly

Held on Sunday 11 April 1965 at 2:00 p.m., chaired by Mr Maximilien Jean Louis.

Initial
Membership

65 registered members.