RUPSA Sacco, formerly known as PCEA Ruiru Sacco, has announced plans to auction the movable assets of the Kenya Union of Savings and Credit Cooperative Limited (KUSCCO) in a bid to recover Ksh.108.8 million in deposits and accrued interest. The move comes after the apex cooperative allegedly failed to comply with court orders directing it to settle the debt.
In a press release dated January 27, 2026, RUPSA Sacco said the decision follows prolonged efforts to recover members’ funds, including multiple demand letters and legal action, which KUSCCO reportedly ignored.
The debt originated from fixed deposit investments made by RUPSA Sacco with KUSCCO starting in 2018, intended to generate stable returns for over 8,000 members. By July 2023, RUPSA had deposited Ksh.88.95 million with KUSCCO. In April 2023, the Sacco requested withdrawal of Ksh.60 million while allowing the balance to roll over, but KUSCCO did not honor the request, citing liquidity challenges even after the investment matured in January 2024.
ALSO READ:
New Fortis Sacco pays out Ksh1.106 billion in dividends to members
Frustrated by the inaction, RUPSA Sacco took the matter to the Co-operative Tribunal in March 2024. In a judgment delivered on April 28, 2025, the Tribunal ruled in favor of RUPSA, ordering KUSCCO to refund the principal amount with interest, taxed costs, and additional tribunal interest, bringing the total to Ksh.108.8 million. Despite KUSCCO publicly reporting that it had paid other member Saccos Ksh.369.3 million over the past two years through asset sales and improved loan recoveries, RUPSA’s claim remains unpaid.
On January 19, 2026, the Tribunal granted RUPSA Sacco permission to attach and auction KUSCCO’s movable assets, including motor vehicles, office equipment, furniture, fittings, and consumables, to recover the outstanding amount. The Sacco says it has already served KUSCCO with the required seven-day notice, which lapsed without payment.
By Obegi Malack
Get more stories from our website: Sacco Review.
For comments and clarifications, write to: Saccoreview@
Kindly follow us via our social media pages on Facebook: Sacco Review Newspaper for timely updates
Stay ahead of the pack! Grab the latest Sacco Review newspaper!
