There are very few differences between a credit union operation and a bank operation. The primary difference is the ownership structure. An individual or a group of individuals owns a bank. The members – or account holders - own a credit union.
Products are nearly identical – the names only are different. Credit union products can be set up in Mifos X as it is today and description of the functionality to be achieved.
The difference in setting up a credit union/SACCO account is the membership fee.