The Objective
Koperasi Kakitangan UiTM Berhad UitmKoop was established to increase the economic interests of its members in accordance with the principles of cooperatives. In addition, cooperatives were also established to assist UiTM staff who are members of cooperatives. Therefore, the cooperative has provided a network of activities that allow each of its members to enjoy facilities and services in the form of welfare or simple dependents.
Function
The main function of this cooperative is to carry out activities:-
Principle
The principles of membership are: –
- Voluntary and open membership
- Democratic control by members
- Economic involvement by members
- Autonomy and freedom
- Education, training and information
- Cooperation between cooperatives
- Caring for the community
Benefits
The benefits obtained by members are:-
- Creating savings for savings and investment purposes.
- Keep a portion of the income and give loans for beneficial purposes and bring profit to the members.
- Carrying out business and trade activities / including consumer functions.
- Buying, selling, transferring ownership, erecting, renting, pledging, leasing, mortgaging and owning movable and immovable property.
- Invest excess money in matters permitted under section 54 of the Act.
- Participate in joint ventures with cooperatives or private companies and become a member of other Cooperatives.
- Carry out insurance activities for members and non -members.