FTA Co-operative Thrift Limited
The Fijian Teachers Association Co-operative Thrift Limited (FTACTL) is inviting qualified contractors to submit tenders for civil works land development for the FTACTL Natabua Teachers Village Residential Subdivision project. The project involves the development of the twelve 1/4-acre residential lots and the scope of work includes drainage, landfill, access road and leveling work.
The inclusion of a Teachers village was a noble thought, floated and consented to by members, in 1997, when the FTA Housing Assistance Scheme was first established.
In taking over the functions when the FTAHAS merged with the FTA Co-operative Thrift Ltd in 2017, the current FTACTL Board ensured that this realization was fulfilled
Its subdivision and further development, within reach in the purchase of land at Nakadi, Navuso (60 quarter acres) and 13 quarter acres at Natabua in Lautoka. As per FTACTL policy, the Youth members will enjoy 30% of all land and property dealings of the FTA Co-operative Thrift Ltd.
The Launching of the Teacher’s Village was held in Dratabu during a consultation with members. The Dratabu visit in Nadi, saw the attendance of members from the greater Nadroga, Nadi, Lautoka, Ba Tavua and Vatukoula areas.
In ensuring the safety and certain obligatory functions towards its Executives and Board members, with the inclusion of its staff, this product has consistently been a part of the Fijian Teachers Association and Fijian Teacher’s Association Co-operative Thrift for the past decades.
The current Board in visualizing a clear demarcation of its objects has extended its efforts to include a member’s family in its obligatory sphere. This will assist in the preparation of the member’s family obligations during and after the members’ tenured term of service.
A Game Changer in itself, the modified product is envisioned to ensure that all members, will have the option to either, after their demise, are accorded the highest respect in appreciation of their loyal, selfless and dedicated service to the teaching fraternity during their teaching tenure. However, in the event should they retire, have the alternative to either continue with the NA KAKAVAKI until they reach 60 or 65 years of age, or may opt to collect their full premium plus SPECIAL INTEREST after satisfying preliminary conditions.
Click HERE to download the Na Kakavaki Scheme Registration Form.
FTACTL Chairman visited the islands of Moala,Totoya, Matuku, Vatoa and Ono in the Lau Group in his capacity as UNICEF Pacific Education Specialist with MEHA officers. He was able to conduct FTACTL consultations as well as member services to teachers in majority of the schools in all the islands visited.
Members were really overwhelmed with the office updates and the services and products available with FTACTL especially the new IT System – the Thrift Plus 1 Member Online Portal. They witnessed first hand the ease of services as loan applications were approved from the meeting venues. FTACTL wishes to extend its sincere gratitude to Heads of Schools and Teachers of schools visited for their hospitality.
We are very excited to announce the launch of our newly designed website www.ftactl.org.fj.
After months of hard work and dedication, we are delighted to officially announce the launch on March 19, 2021. We wanted to make the new website faster ,easier to navigate, and more user-friendly.
The FTACTL Chairman, Mr. Iosefo Volau, in his address mentioned that that was part of the Vision set in 2017, and that was, the FTACTL “To be a leader in the Co-operative Business in Fiji and the Region”. Specifically, an objective in the second output of the 2017 – 2019 Strategic Plan was “To obtain ICT system that is relevant, user friendly and improves services to members”. That objective was also adopted into the 2020-2022 Strategic Plan to complete work on the web-based financial database system, “Thrift Plus 1” and eventually, the launch of the website. In fact, the Covid-19 pandemic in a way, was also a positive catalyst speeding up the completion and achievement of those objectives and allowing the FTACTL to serve members better with the launching of the Member Portal. With the emergence of “new norms” due to COVID-19, service to members remained paramount for the FTACTL, thus the adoption of new products and services, procedures as well as platforms to maintain the trend. Mr. Volau also urged that members change their mindsets and save more and loan wisely as the FTACTL is adapting to the changing paradigms of the Co-operative business during this challenging time.
The FTACTL was honored to have the presence of the FTA President, Mr. Netani Druavesi, the FTA General Secretary, Mr. Paula Manumanunitoga, Representatives from the Department of Co-operatives, WESTPAC Bank, IP1 and the Designer of our website GEM IT. In addition, support received from the FTA Executives, the FTACTL Board members as well as the FTA and FTACTL staff and all faithful FTA family members was appreciated.
As a Co-operative, it is important to disseminate information regarding our products and services easily and accessible to our current and prospective members. We endeavor to provide our members with the most accurate, up-to-date information and share our knowledge and experiences of events that are of interest to members. Our goal with this new website is to provide our visitors an easier way to learn about the FTACTL’s services and to browse information based on their own choice. The new website gives better access to ‘Who We Are,’ our Savings and Loans Products, Investment portfolio, News & Events, Services, Join procedures and Resources.
Amongst the new features, the site contains integrated social media buttons for the FTACTL Facebook Page as well as the FTACTL Youtube Channel, to foster improved communication with members. We will be constantly updating our content with helpful information, Co-operative announcements and member successes in the News.
To our amazing Media and Publicity team at the FTACTL, your time, energy and efforts are greatly appreciated. Thank you for working in collaboration with GEM IT SOLUTIONS to make this site what it is, and our web-based database developer partner Infinity Plus One who have been a fantastic partner for us and we wholeheartedly recommend them!
For any questions, suggestions, feedback or comments, please E-mail Us on info@ftactl.org.fj or ftactl@fta.org.fj.
Dear FTACTL Members
As Monday (26/04/21), the FTACTL office will be closed and all FTACTL staff will be working from home for the next 10 working days.
This is in line with the latest announcement by the Government through the Permanent Secretary for the Ministry of Health this afternoon
For all enquiries including loan applications, use the following contacts:
(Note the above numbers are temporarily activated for this lockdown period only)
God bless you all
Another much anticipated horizon has now been witnessed by FTA and its subsidiaries, is the harvesting of the Yaqona plants at the Vanuavou Farm. Last month saw the first consignment of yaqona being harvested and sent over to Suva for the local market. Whilst it is anticipated that the first few batches are being sold locally, to ensure a swift turnaround time for marketing and trading, there is also ongoing talks to secure overseas market and a wider reach for the local consumption. A farm audit conducted in August 2020 revealed a total of 19,000 well grown plants.
Our newly renovated office space has been completed, at a total costing of $95k excluding variation costs. It boasts a modern day dimension into a conducive and technological provision of Office and meeting space. In investing in a totally vibrant transition of service delivery, that reflects a high standard of information Technology, we believe members and users shall benefit greatly in its utilization.
The installing of a new software program that is specifically designed to cater for services rendered by our Association has also been installed to replace the old one that has been with us from yester years. Although both these 2 new investments, had been targeted to lift the corporate standard and identity of FTACTL, it also has provided member friendly environment and updated business provisions to members.
Approaching the retirement age, one has to plan well so that the transition will be enjoyed with a lot of business plan for the last two decades utilizing the God given provision of Land which will bring great returns to the member and the immediate and extended family as a whole.
It is no difference to Mr Sailosi Nakelo, a 52-year-old Secondary School Economics teacher who has confidently declared that with the Loan assistance from the Fijian Teachers Association Cooperative Thrift, he was able to secure his business that is bringing great income generating to support him for his Retirement Plan.
Mr Nakelo is originally from Naila, Bau Tailevu and married with 5 children. The eldest is now attending Tertiary, two attending Primary and two at Secondary Education. His Retirement Plan has now enough to support his obligation to the Koro and family as a whole.
Mr.Vateitei-receiving his power tools from the Chairman of FTACTL Mr. Iosefo Volau
Luke Vateitei’s continued assistance in assembling coffin boxes for deceased relatives and friends throughout Ovalau and nation has provided much consolation and relief during unexpected times of grief. In fact, it could be termed as the “talk of the town” …… as a teacher providing a mammoth community service, many a time had only received a Big Vinaka Vakalevu for the good Samaritan he had become. With unwavering commitment, he would try and put together whatever was given to him to construct these coffin boxes. At times he would also rise to the occasion in offering the Hearse service to wherever the funeral gathering was staged. Learning of his eligibility status available at FTACTL, and prompted by the rising request for his craftsmanship, he decide to seek for financial funding to purchase appropriate tools to assist him in his endeavor.
Much to his delight FTACTL approved his request and had invited him to come over and select the items for purchase in Suva. In a motivated and inspired mood, he had purchased Power tools worth $6,544.00. Retorting in the famous Lovoni dialect after receiving the assistance, from The Chairman of FTACTL he uttered –
“Isa, mai na vatotomi kina Vale ni Tui, Sa ka vinaka na vosotia, ia sai yau levu na loloma. Vinaka vakalevu Turaga, e na soqosoqo vinaka ke, na FTACTL.”
