Structure

VYCCU is a primary Savings and Credit Cooperative (SACCO) registered under the Cooperatives Act, 2048 (1992). As a cooperative institution, the members are the owners of the institution. Membership is open to all permanent residents within the operational area of the institution irrespective of gender, caste, creed and financial status who has attained the age of 16 years and capable of entering into a contract and not declared insolvent. SACCOs are permitted to offer its financial services only to its members (share holders) and so membership is a primary requirement to avail services. Currently 51 percent of the shareholders are female followed by 47 percent male members. The remaining 2 percent is institutional share holders. The graph details the composition of the share holdings for the last three years.

In the year 1997 VYCCU by itself approached NRB for limited banking license under clause 26 (2) of Cooperatives Act 1992. As a registered SACCO the institution is regulated by the District Registrar of Cooperative and as a licensed SACCO for doing limited banking VYCCU complies the terms and conditions prescribed and the directives issued by the Nepal Rastra Bank.