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The Board of Directors and Management of UPSTU Members’ SACCO are pleased to inform you that the Annual General Meeting (AGM) for the year ended 31st December 2025 was successfully held on 21st February 2026 at J. Frigh Hotel, Kikoni. The meeting was well attended, and members actively participated in reviewing the performance and strategic direction of the SACCO.
This report provides a summary of the key matters discussed and resolutions passed during the AGM.

A life-changing conversation that hits close to home for every worker. Many teachers reach retirement age with little to show for their years of hard work—not because of a lack of effort, but because of poor financial planning and missed opportunities. This session is designed to help you change that story.

About the Speaker:
Aziz is a Bank of Uganda Financial Literacy Trainer with vast experience in training savings groups such Investment Clubs, VSLAs and SACCOs.
He has also participated in the formulation and nurturing of over 1,000 investments clubs across the country and is also a member of 3 investment clubs.
Aziz has over 17 years experience in Banking and has previously served in various roles such as Credit Officer, Credit Supervisor, Branch Manager, SME Team Leader, Senior Manager Investment Clubs and SACCOs and is currently the Manager SACCOs and Government Payments at Pearl Bank, formerly PostBank Uganda Ltd.
Aziz is very passionate about imparting financial literacy knowledge to individuals and savings groups to enable them have the skills and confidence to manage their resources much better.
Aziz is a married man, to one wife and is also a fitness enthusiast.

UPSTU Members SACCO secured a loan recovery collection code from Uganda Consumers and Lenders association (UCLA) in August 2025. This was done to guarantee issuance of new salary loans to members, with reduced loan default risk.
This session explains in detail, the process for obtaining salary loans, and the progress made in establishing MOUs with district HR personnel responsible for loan recovery through our the salary deduction code in the public service’s Human Capital Management (HCM) system

As UPSTU Members SACCO rolls out the WENDI Wallet to simplify savings, loan access, and financial transactions, it is crucial for members to understand the risks and responsibilities that come with going digital. With Uganda steadily transitioning to a cashless economy, many citizens are increasingly using mobile money, e-wallets, and e-banking platforms—and this convenience must be matched with digital safety awareness.

During this session, we discuss how to secure your personal finances from fraud, secure your mobile devices, and avoid the common traps cybercriminals use to exploit unsuspecting users.

The meeting focused on the implementation of a new financial management system called Wendi Wallet, which aims to provide a more user-friendly banking solution for teachers. The system offers various features including savings, loans, and share purchase options, with Abdallah from Postbank providing an overview of its capabilities and emphasizing proper onboarding and usage. The session concluded with technical demonstrations of the system’s features, including loan services, mobile wallet functionality, and registration processes, while addressing questions about transaction charges and system access.

Speaker: Richard Mukooba – Manager, UPSTU Members SACCO.

The session focused on understanding credit and loans, with Richard Mukooba explaining various loan products offered by UPSTU Members SACCO and discussing the importance of wise borrowing for financial health. Mukooba covered different types of loans including emergency, micro, salary-based, government projects, asset finance, home loans, and corporate loans, while emphasizing the need for proper documentation, clear repayment plans, and financial discipline. The discussion concluded with addressing challenges in loan processing and communication gaps within the union’s financial services, including concerns about delays in salary loan processing and the implementation of standing orders.
Key take aways:
1. Members to improve their shares and savings to be eligible for higher loan amounts and to be credible guarantors.
2. Members to borrow responsibly and use loans productively to improve income and financial health.
3. Management to improve communication regarding loan processing and status updates.
4. Management to finalize the process of obtaining a code for salary loans by the end of the month.
5. Members to regularly check their account status with the accountant or manager.

To earn extra income, many science teachers often juggle part-time teaching roles in multiple schools or venture into business activities such as operating shops, which can be time-intensive and potentially compromise their professional teaching duties.
Some headteachers have expressed concerns that after the salary enhancement for science teachers, instances of absenteeism and focus on personal errands increased.
On one hand, UPSTU Members’ SACCO aims to empower science teachers economically… during our recent AGM, we distributed dividends to members with SACCO shares. We also offer development loans at low-interest rates to boost our members .
On the other hand, our union (Uganda Professional Science Teachers Union) remains dedicated to promoting the professionalism and commitment of its members.
In this session, Mr. Kwizera Robert (UPSTU Members’ SACCO Chairperson) shares practical tips on how science teachers can balance successful investments with unwavering professional excellence.

By SACCO Secretary Officials from Ministry of Trade, Industry and Co-operatives, Board members, other committee members and UPSTU MEMBERS’ SACCO