The Sacco Societies Regulatory Authority (SASRA) has issued a directive requiring all regulated Savings and Credit Cooperative Organizations (SACCOs) to submit their audited financial statements for the year in compliance with Section 41 of the SACCO Societies Act.
In a public announcement on January 9, SASRA stated that the submission window runs from January 1 to March 15, 2026, to ensure timely approvals and the smooth conduct of Annual General Meetings (AGMs).
According to SASRA, the requirement applies to all SACCO boards, supervisory committees, management teams, and auditors.
The Authority noted that early submission will facilitate the prompt approval of financial statements by March 31, 2026, enabling SACCOs to meet statutory obligations and maintain operational transparency.
Failure to adhere to these timelines could result in regulatory consequences, including delays in AGM approvals and potential penalties.
To facilitate communication and inquiries, SASRA has provided multiple contact channels, including a toll-free number (0800724422), a direct line (+254 20 2935101), and an email address ([email protected]).
Additional information is available on the Authority’s official website (www.sasra.go.ke).
Also Read:Â Guide on What You Need to Know Before Joining a SACCO in 2026
SACCO stakeholders can also access updates via SASRA’s WhatsApp channel, which is available on the Authority’s official website.
Recent Financial Performance of Kenyan SACCOs
Kenya’s SACCO sector has recorded steady growth over the past two years, cementing its role as a key pillar of financial inclusion and cooperative finance.
By the third quarter of 2025, total assets had reached Ksh 1.156 trillion, due to sustained expansion across the industry.
Gross loans recorded a 12.85 percent increase during the same period, attributed to the rising demand for affordable credit among members.
Reserves grew by 24.3 percent, strengthening the capital base and enhancing the resilience of SACCOs against economic shocks.
Deposits also showed robust performance, with nearly Ksh 20 billion mobilized between June and September 2025
Top SACCOs in Kenya
Kenya’s SACCO sector is dominated by a few large cooperatives that collectively manage hundreds of billions in assets and serve a significant portion of the membership base.
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Among them is Mwalimu National SACCO, which remains the largest in the country with assets valued at approximately Ksh 66.4 billion.
It primarily serves teachers and employees in the education sector, offering a wide range of credit and savings products.
Following closely is Stima DT SACCO, with assets of about Ksh59.1 billion, catering mainly to employees in the energy sector and related industries.
Kenya National Police SACCO ranks third, managing assets worth Ksh54.2 billion and providing financial services to law enforcement officers and their families.
Harambee SACCO, historically one of the oldest cooperatives in Kenya, holds assets of around Ksh38.6 billion and serves civil servants across various government departments.
Completing the top five is Tower SACCO, which has grown steadily to reach assets of Ksh 23.2 billion, focusing on members in the telecommunications and technology sectors.
These leading SACCOs not only dominate in terms of asset size but also set the pace in innovation, governance, and digital transformation within the cooperative movement.
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Good move by SASRA—Jan 1–Mar 15 window for audited accounts should speed AGM approvals and boost transparency. Hope enforcement is fair and supports smaller SACCOs.
It’s good to see SASRA pushing for transparency with these financial deadlines. Keeping up with reports is easier when you have the right tools. I recently started using openclaw to manage my files through Discord, which really helps with organization. Definitely makes the audit season less stressful!