Contributions
A successful contribution debits Paystack Clearing and credits Member Contribution Equity. Units are issued when the contribution is confirmed.
Accounting transparency
Every workflow should agree with the ledger.
These summaries explain the records behind member balances. They do not replace the detailed policy documents or trustee reports, but they make the operating rules easier to follow.
Paystack settlement
When Paystack settles, Cooperative Bank Cash increases by the net amount, Paystack Fees records the fee, and Paystack Clearing reduces by the gross amount.
NAV and unit price
Member NAV is the pool of cooperative value allocated to members. The public NAV/unit price is calculated from the member NAV pool and total member units.
Investments
Investment activation locks opted-in units and moves value to the Investment Pot. Maturity returns final value only to participating members.
Reserves
Reserve allocations use realised surplus, require approval, and post balanced ledger entries into reserve accounts.
Withdrawals
Withdrawal estimates use your units multiplied by the current approved NAV/unit price, less any applicable loan deductions, fees, penalties, or restrictions.
Loans
Loan disbursement creates a receivable. Repayments reduce the loan balance and do not issue units.
Statements
Member statements reconstruct opening and closing balances from historical ledger and unit records using approved prices.