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Mwalimu Cooperative Savings & Credit Society Limited
Mwalimu Cooperative Savings & Credit Society Limited, also known as Mwalimu National Sacco Limited, but often referred to as Mwalimu Sacco, is a savings and credit co-operative society (Sacco) in Kenya, the largest economy in the East African Community. It is an institutional Sacco, composed of (a) the staff of the Teachers Service Commission (TSC) (b) TSC teachers in secondary and tertiary institutions (c) TSC teachers in elementary schools (d) the staff of Mwalimu National Sacco Limited and (e) the spouses of the above members, when formally, gainfully employed. The society is licensed and regulated by the ''Sacco Societies Regulatory Authority'' (SASRA).
==Overview==
Mwalimu Sacco is a medium-tier financial services provider in Kenya. , it was the largest Savings and Cooperative Society (Sacco) in the country, with an asset base valued at about US$282.2 million (KES:24.5 billion). At that time, the society had in excess of 57,520 members and a loan book of approximately US$241.5 million (KES:20.96 billion). If Mwalimu Sacco were a commercial bank, it would rank number 23, by assets, out of the 43 licensed commercial banks in Kenya, just below Guaranty Trust Bank (East Africa). As at December 2013, Mwalimu Sacco was ranked as the number one SACCO in Kenya, as measured by assets and revenue
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