Wevarsity Sacco was registered on 02/10/2003 under certificate number CS/10243. The Sacco operates under the Co-operatives and the Sacco Society Regulatory Authority (SASRA) Acts. Wevarsity Sacco serves the staff of Masinde Muliro University of Science and Technology (MMUST), Kibabii University, Kaimosi Friends’ University College (KAFUCO), Lake Victoria North Water Services Board, ACCES and the residents of Kakamega Town among others. Initially, the Sacco was serving only the staff of MMUST but it has opened its services to the Kenyan community.
The Sacco is managed by 9 Board of Directors (BOD) and 3 Supervisory committee members who are elected yearly by the members.