Policy document
ThriveCoop Cooperative Membership Agreement
The membership terms for joining ThriveCoop, contributing, accessing credit, withdrawing, and meeting member responsibilities.
1. Membership purpose
ThriveCoop is a member-owned cooperative finance platform created to help members save consistently, access fair credit when eligible, and participate in transparent collective wealth-building.
2. Member eligibility
A prospective member must provide accurate identity, contact, address, next-of-kin, bank account, and contribution details. A membership application may be declined, paused, or placed under manual review where verification is incomplete or inconsistent.
3. Member contributions
Members agree to make regular contributions according to the selected contribution plan or mandate. Contributions may be pooled with other member funds and managed according to cooperative rules, reserve requirements, lending policies, and approved investment guidelines.
4. Credit access
Membership does not guarantee loan approval. Loan eligibility, limits, pricing, repayment schedule, and disbursement timelines are subject to cooperative policy, verification status, contribution history, affordability checks, and available reserves.
5. Withdrawals and exit
ThriveCoop is not a bank account with instant withdrawal. Withdrawal requests, partial exits, and full membership exits may be subject to notice periods, liquidity availability, outstanding obligations, cooperative rules, fees, or other restrictions disclosed to members.
6. Member responsibilities
Members must provide truthful information, keep contact and bank details current, make agreed contributions, repay approved credit on time, read disclosures, and avoid using the cooperative for fraud, money laundering, or any unlawful activity.
7. Changes to terms
ThriveCoop may update cooperative policies, fees, contribution rules, lending rules, risk disclosures, and operational procedures. Material changes should be communicated to members through available contact channels.
8. Member acknowledgement
By accepting this agreement, the applicant confirms they understand they are applying to join a cooperative investment and credit system, and that membership is subject to verification, approval, cooperative rules, and risk disclosures.