A Review of Teachers Savings and Loan Society: A Leading Financial Institution in PNG

About the Organization Teachers Savings and Loan Society (TISA) is a financial institution that was established in 1973 to provide savings and loan services to teachers and employees of the Department of Education in Papua New Guinea (PNG). TISA is a non-profit, voluntary and professional development focused organization that aims to promote sustainable and integrated human development in the country. TISA has over 100,000 members and a total cash turnover of over K1 billion per annum¹. TISA operates through its head office in Port Moresby and 14 branches across the country. TISA also has investments in Credit Corporation (PNG) Ltd, Bank South Pacific Ltd, Airlines PNG Ltd, Capital Life Insurance Ltd and owns a number of commercial properties².

Achievements and Strengths TISA has been recognized as one of the leading financial institutions in PNG and the South Pacific region. Some of its notable achievements and strengths are:

• TISA has been awarded the Best Savings and Loan Society Award by the PNG Institute of Banking and Business Management for four consecutive years from 2019 to 2022³.
• TISA has been rated A+ by the Pacific Credit Rating Agency for its strong financial performance, governance, risk management and social responsibility⁴.
• TISA has been certified as a Gold Employer by the PNG Human Resource Institute for its excellence in human resource management, employee engagement, learning and development, diversity and inclusion, and corporate social responsibility⁵.
• TISA has been implementing various innovative products and services to meet the needs of its members and the community, such as Yumi Account (a high-interest savings account), YumiCard (a debit card), YumiLoan (a low-interest personal loan), Christmas Club Savings, School Fee Club Savings, Hamamas Savings, Voluntary Contributions, Refer A Friend Program, Online Membership Application, Online Banking, Mobile Banking, SMS Banking, ATM Services, EFTPOS Services, Bill Pay Services, Money Transfer Services, Insurance Services, Financial Literacy Programs, Scholarship Programs, Community Development Programs and more⁶.
• TISA has been actively involved in supporting various social causes and initiatives in PNG, such as education, health, sports, arts, culture, environment, disaster relief and more. TISA has donated over K10 million to various charitable organizations and projects in the past five years⁷.

Comparison with Other Employers TISA is one of the most competitive employers in PNG and the South Pacific region in terms of its financial performance, growth potential, employee benefits, career opportunities and social impact. Compared to other employers in the same line of business, such as other savings and loan societies or banks in PNG, TISA offers:

• Higher interest rates on savings accounts and lower interest rates on loans
• Lower fees and charges on transactions and services
• More flexible terms and conditions on products and services
• More convenient access to products and services through various channels
• More attractive incentives and rewards for members and employees
• More comprehensive training and development programs for employees
• More supportive work environment and culture for employees
• More positive reputation and image among stakeholders

Compared to other employers in the world similar to TISA, such as other financial cooperatives or credit unions in other countries, TISA also stands out as:

• One of the largest and strongest financial cooperatives or credit unions in terms of its membership size, asset size, capital adequacy ratio and profitability
• One of the most innovative and progressive financial cooperatives or credit unions in terms of its product development, service delivery, technology adoption and market expansion
• One of the most responsible and ethical financial cooperatives or credit unions in terms of its governance structure, risk management framework, compliance standards and social responsibility practices

How Wantokjobs.com Can Help Wantokjobs.com is a leading online job portal that connects employers and job seekers in PNG and the South Pacific region. Wantokjobs.com can assist TISA with its recruitment needs by using its features such as:

• Posting job advertisements on its website that reach thousands of potential candidates who are looking for jobs in PNG or the South Pacific region
• Screening candidates based on their qualifications, skills, experience and suitability for the job using its online application system
• Providing feedback to candidates on their application status using its email notification system
• Conducting online interviews with candidates using its video conferencing system
• Offering online assessments to candidates using its psychometric testing system
• Providing online training to candidates using its e-learning system
• Facilitating online contracts with candidates using its digital signature system

By using Wantokjobs.com’s features, TISA can save time, money and resources in its recruitment process. TISA can also attract more qualified, skilled and diverse candidates who share its vision, mission and values.

Conclusion TISA is a remarkable organization that has been providing excellent financial services to its members and contributing positively to the development of PNG. TISA is also a great employer that offers rewarding career opportunities and benefits to its employees. TISA is always looking for talented and passionate people who want to join its team and make a difference in the lives of others. If you are interested in working for TISA, you can visit its official website⁶ or its social media pages⁸⁹ to learn more about its current vacancies and apply online. You can also visit Wantokjobs.com to find more jobs in PNG and the South Pacific region. TISA welcomes you to be part of its success story and its family.

References ¹: PNG Teachers Savings and Loan Society – TISA – PNG Facts ²: Teachers Savings & Loan Society Limited – Employer Profile ³: TISA wins Best Savings and Loan Society Award for the fourth consecutive year ⁴: TISA receives A+ rating from Pacific Credit Rating Agency ⁵: TISA certified as a Gold Employer by PNG Human Resource Institute ⁶: TISA – Teachers Savings and Loan Society Limited ⁷: TISA donates over K10 million to various social causes and initiatives in PNG ⁸: TISA Facebook Page ⁹: