The Nasfund Contributors Savings and Loan Society (NCSL) marked its 22nd anniversary, celebrating more than two decades of trust, growth, and shared purpose with its members across Papua New Guinea.
From humble beginnings with just 14,002 members in 2003, NCSL has grown to a strong membership base of over 150,000 today, a testament to the loyalty and confidence of its customers.
What started as a small operation in Boroko has evolved into one of the country’s most trusted financial institutions, empowering Papua New Guineans to save, borrow, and achieve their goals.
Chief Executive Officer Frans Kootte said the milestone reflected the enduring partnership between NCSL and its members.
“This milestone stands as a powerful reflection of the trust our members have placed in us over the years. It highlights the strength of our growing membership and the enduring values that continue to shape our journey,” he said.
Over the years, NCSL has expanded its suite of financial services, offering products designed to meet the diverse needs of Papua New Guineans.
These include savings accounts, personal loans, digital banking services such as MyNCSL Member Online, and member benefit programs that reward loyalty. The institution has also embraced innovation through loan and savings calculators and employer partnership programs that make financial management more accessible.
“Our growth has always been about more than just numbers,” Mr. Kootte added. “It’s about people, families, and communities. We’ve built a connection and a sense of belonging that goes beyond financial services.”
NCSL continues to encourage Papua New Guineans to take charge of their financial future. “To those who’ve been with us from the beginning thank you. To new members, welcome. And to those yet to join, we invite you to take the first step,” Kootte said.
