Ushuru Savings and Credit Co-operative (Sacco) Limited was formed in 1970 by employees of the then Customs and Excise Department, Ministry of Finance, under the name of Customs & Excise Workers (CUEW) Sacco. In 1995, Kenya Revenue Authority (KRA) was formed at a time when CUEW Sacco by-laws in force at that time did not allow admission of members outside the common bond. This necessitated changes
to the By-laws in order to accommodate members from other government ministries and parastatals. In 2002, CUEW Sacco rebranded to Ushuru Sacco Ltd to include members from government parastatals and corporate entities besides KRA.