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Abstract: This study evaluated the effect of cooperative membership on the savings and borrowing attitude among staff of Ekiti State University. The study particularly established the relationship that exists between cooperative membership and socioeconomic state of staff in Ekiti State University, discovered the kinds of credit provided to members of cooperative societies in Ekiti State University and examined the nature of the collection and management of cooperative member’s savings in Ekiti State University. The survey research design was employed as the quantitative and qualitative research method was adopted in the study. Ekiti State University Progressive Multipurpose Cooperative Society was purposively sampled for the study and the primary approach of data collection was used as 200 registered members of the Ekiti State University Progressive Multipurpose Cooperative Society were randomly sampled. Descriptive and inferential data analysis was used, result stemming from the analysis of the study indicated that cooperative membership affects noticeably the socioeconomic position of members, it was also discovered that there exists an efficient management and disbursement of funds, also evident in the result of the study is the transparency of the financial activities of cooperative societies Ekiti State University, it was as well discovered that the cooperative societies give responsive attention to the financial needs of its members with fair conditions. Premise on the findings, the study recommended that the government should make provision for loans with fair conditions through cooperative societies in Ekiti State University; loans and advances with a subsidized interest should be sought for by cooperative societies and seminar programmes should be conducted by the cooperative society to improve the saving attitude of members. |
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