Terms of Membership & POPIA Consent

1. Membership Agreement

By applying for membership with Idlelo Lesizwe Financial Cooperative, you agree to become a co-owner of the cooperative, subject to its constitution. The joining fee is non-refundable, and your monthly contribution represents an ongoing stake in the cooperative's shared capital, not a fee for a specific service.

2. Information We Collect

To verify your identity and comply with the Financial Intelligence Centre Act (FICA), we collect and process the following personal information: full name, ID number, date of birth, contact details, residential or business address, and supporting documents including a certified ID copy, proof of residence, proof of account, and proof of payment.

3. Purpose of Processing

Your information is collected solely for the purposes of membership verification, regulatory compliance, and the ongoing administration of your membership. We do not collect information beyond what is necessary for these purposes.

4. Protection of Your Information (POPIA)

In line with the Protection of Personal Information Act (POPIA), your ID number and other sensitive information are encrypted before being stored. Access to your documents and personal details is restricted to authorised staff, and every access is logged for accountability. Your information will not be shared with third parties except where required by law or regulatory obligation.

5. Your Rights

You have the right to request access to the personal information we hold about you, request corrections to inaccurate information, and request deletion of your information, subject to our legal obligations to retain certain records (such as FICA-related documents) for a required period.

6. Consent

By submitting your application, you confirm that the information provided is true and accurate, and you consent to Idlelo Lesizwe Financial Cooperative collecting, processing, and storing your personal information as described above.

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