LENGTH OF MEMBERSHIP AND NEEDS SATISFACTION OF COOPERATIVE MEMBERS: A STUDY OF NON-ACADEMIC STAFF OF FEDERAL COLLEGE OF EDUCATION (TECHNICAL), UMUNZE, NIGERIA

Nnanyelugo C. Enemuo, Frank Nwankwo

Abstract


Despite the growing recognition of cooperatives as a strong, vibrant and viable economic alternative to alleviate the plights of many, it still appears that many of their members have not had their socio-economic needs met. This paper examined the length of membership and needs satisfaction of cooperative members at Federal College of Education (Technical), Umunze, Nigeria. This paper employed survey research design. The population is 434 members of cooperative societies in the institution. Data were sourced from primary and secondary sources. Descriptive statistics such as percentages, frequency distribution tables, mean, standard deviation and Pearson correlation analysis were used in analyzing the generated data. The results revealed amongst others that cooperative membership positively correlate to satisfaction of social (r=0.049) and financial needs (r=0.073) of members at the Federal College of Education. Umunze, Nigeria. The study recommended amongst others that cooperatives should sustain their services as to consolidate on the achievements made so far. This may not only encourage members to stay hopeful in years ahead, but also attract more members.


Keywords


cooperative societies, length of membership, needs, satisfaction

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