Ushuru Co-op Savings and Credit Society 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. At inception, its membership was limited to employees of the Customs Department, although those who were transferred from Customs to other Government Departments were allowed to retain their membership. When Kenya Revenue Authority (KRA) was formed in 1995, the CUEW Sacco By-laws, in force at the time, did not allow recruitment of members outside the common bond. This necessitated changes to the By-laws in order to allow membership from other Government Ministries and Parastatals. In 2002, the CUEW Sacco changed its name to Ushuru Co-op Saving and Credit Society Limited to reflect the new all-inclusive membership that now consisted of KRA employees and other public and private institutions.