TISA

TISA YumiAccount

TISA YumiAccount is a transaction account that allows you to have easy access to your funds for your daily transactions with the use of a YumiCard. It’s a salary account that enables you to send your salary or wage or make deposits into account. With your YumiAccount, you can use to shop for goods and services, pay your bills; and when applying for a loan with TISA, same day crediting of approved loan into your YumiAccount.

Account features and benefits • Easy access with YumiCard for day-to-day access to funds • Interest rate of 2% per annum • Monthly account service fee of K3.50 • Registered TISA member to open account • Clear distinction between you General Savings Account to save and earn attractive interests and your YumiAccount to make and receive payments

TISA Savings

General Savings Account The General Savings account is a flexible and all purpose saving account compulsory established when you become a member. This account ensures that your savings are available to you when you are in need during the year and offer an annual 2% interest on your savings.

Hamamas Savings Account Hamamas Saver is a generic saving product targeted toward those that are serious about savings all year round and enjoy the benefit at the end and beginning of the year. An attractive 6% interest earned per annum for this amount.

Christmas Club Account This is special purpose savings account targeted toward end of year festive expenses or the New Year’s arrangements. This account also earns an attractive 6% interest earned per annum for this amount. Funds are available from December to February.

School Fee Account This is another special purpose savings account that also earns 6% interest per annum to assist members save school fees to ease the financial stress when sending your children off to school. School fee invoice will be required for funds earned to be paid to your selected school(s).

Features and benefits Pikinini Savings account is a savings account designed for members to open a savings account for their children. It is an extension of the membership bond to include the children of TISA members as the children will come to appreciate the importance of savings.

Terms and conditions • Must be a biological and legally adopted child of a current TISA member • Starting age: Infant – 17 years • At 18 years, account will be transferred to the child • Cannot be used as security for any loans

Account benefits • Earn yearly interest of 6% per annum • No account fee charged • Account must be maintained with a direct minimum salary deduction of K5 per fortnight (compulsory) from parent’s payroll • Be a financial ‘Champion’ for your children so after you retire from the work force, your children can continue the savings pattern

Teachers Savings and Loan Society Limited ‘TISA’ is the largest Credit Union in Papua New Guinea and the Pacific, with investments in banking, insurance and properties.

With branch office presence in 17 regional centers around the country, TISA provides an avenue for registered teachers, employees of Government departments, State Authorities and State Owned Entities to be actively involved in savings and to assist with affordable loan products.

Embracing the digital era, TISA is progressively utilizing electronic channels to reach our members being the first Savings and Loan society in the country to offer its members the YUMI debt card for members easy access to funds.

TISA continues to work towards assisting its members access our service with ease and convenience through e-channels for self-serve, supported by our 24/7 helpdesk to consult our talented team when queries arise.

TISA has the mandate to be custodians of our members’ funds and therefore trust from our members and the wider community is of paramount importance to us. Our stringent check and balance policies with guided system provides, and in cases, demands service that reflects quality assurance, relevance, growth, sustainability and overall sense of accountability from us to our members and the wider community.