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Target release15.06
Epic 
Jira
serverJIRA (mifosforge.jira.com)
serverId6ed65b55-ae19-3f63-b72c-a969383d4221
keyMIFOSX-583
Document status
Status
titleDRAFT
Document ownerDayna Harp
Designer 
Developers 
QA

Overview

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  • 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.

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