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Welcome to M.S.C.U

Brief History

Mataivalu Savings & Credit Union (MSCU) was registered on the 13 October 1999.  This Command initiative for the establishment of MSCU has been one of the pillars for strengthening the welfare concerns of the service men and women in the Republic of Fiji Military Forces (RFMF)..

The founding Directors took upon themselves this stupendous task resulting in the first loan to members on 04 January 2000 as endorsed by the Commander of the RFMF. One of the members of the Board gave twenty five dollars to open the pass book for the credit union in July 1999. This was the genesis of MSCU.
The MSCU have over the years assisted several organizations in major development loans including the formation of Homelink Security Services and most recently for the Warrant Officers and Senior Non-Commissioned Officers Mess. The former Organization is also a brainchild of the RFMF and currently being managed and operated by members of the RFMF in the Reserve and Territorial List.

A Special General Meetings was convened on the 12 May 2009 to address the growing concerns of operational affairs at MSCU. This resulted in the appointment of Commander (CMDR) F.B. Kean as Chairman, Lieutenant Colonel (LTC) I. Vasu, Captain J.W.Faktaufon, Warrant Officer Class One (WOI) A.D.Toka, WOI S. Malani and Mr S.Reddy. Credit Committee: Capt J.W.Faktaufon, WOI A.D.Toka and Mr S.Reddy. LTC Vasu and WOI Malani have now both been replaced by Lieutenant Commander (LCDR) H.B. Tawake and WOII S. Naukauvadra. The Supervisory Committee is ably led by LCDR H.B.Tawake, WO1 I.Vola and WO1 A. Waqalevu.
The current Board of Directors (BOD) under the leadership of Cmdr Kean have managed to restore credibility into the operational affairs of MSCU. The task is continuing however the stability we have achieved will ensure that this is a platform in which MSCU can continue to project and expand its operations in areas of welfare development for its members.

A milestone decision reached at the SGM of 2009 was that membership of MSCU only be available to Serving members of the RFMF and civilian staff at MSCU. The exercise to terminate the members not meeting this criterion has been successfully concluded.

A Command decision in 2010 to introduce a compulsory savings for all personnel confirmed for tour of duty was met with some skepticism however this has all changed in the feedback received from returning members who have managed to save quite substantial amounts which was normally difficult to achieve by our service men and women. This Command decision has been widely applauded and personnel have recommended that it continue for all members embarking on a tour duty to an overseas mission. It is pleasing to read in the feedback proforma’s at MSCU on the investment opportunities that this created for members.

News

Christmas Loan & Education Loan

Christmas Loan will start on the 06th of December 2016 and will end on the 22 of December 2016. 
Education Loan will start on the 04th of January 2017 and will end on the 27th of January 2017 please bring quotation when applying 
for Education loan.

Christmas Loan - $500
Education Loan - $1000

Have a Very Merry Christmas and a Happy New Year from the staff and management of M.S.C.U

Vinaka 



 


The appointment of the new BOD in May 2009 has brought about much needed change and focus in the way business is conducted at MSCU. This Board is continuing at the helm in directing the strategic and operational affairs of the MSCU. An immediate action undertaken by the BOD was to ensure that MSCU By Laws was adhered to closely.
Another priority area was the restructuring at MSCU. This resulted in the reduction of staff from twelve to the current seven. The BOD has identified this number as adequate to sustain operations at MSCU. A major impact here was the severance of our so called IT Specialist who was carrying a hefty package. We have now managed to employ an IT technician at a far lower package with a higher productivity rate.
The MSCU has embarked on improving our customer service delivery which has included the development of a new MSCU Logo for branding purposes, new uniforms for our staff to ensure a professional outlook, the now completed refurbishment at the front office to enhance the MSCU image and ensure comfort to members, the acquisition of a new generator to ensure that we have that back-up support in the conduct of our business, the introduction of a new accounting software, the BANC System to streamline operations and the development a MSCU website to keep all members abreast of business at MSCU. The BANC System and MSCU Website is a huge milestone in our business affairs in that in allows members serving outside Suva and abroad to apply or enquire directly through the net on the products and services available. The website will allow members to view their shares and loan eligibility online.
A new product, education assistance loan has also been endorsed by the BOD. Members are to enquire at the front desk, telephone or online.

The BOD will embarking on a visit to all Units and Infantry Companies outside Suva to brief them on the latest developments at MSCU and the online services available to all members

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The newly renovated customer service area.

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Customer Service

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The New server Room

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Honourable PM, CRFMF delivering his speech during the MSCU website launch.

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The New Honourable PM/ CRFMF launching the new MSCU Website

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Refreshments being served after the MSCU Website Launch