Views: 871 Ishmael A. Junourgh, Bolgatanga At Annual General Meeting of Bolgatanga Teachers Cooperative Credit Union, today, the Association bo...
Ishmael A. Junourgh, Bolgatanga
At Annual General Meeting of Bolgatanga Teachers Cooperative Credit Union, today, the Association boasts of both improvements in finance and membership capacity.
According to the Upper East Regional Manager of CUA (GH) ltd, Mr. Iddrisu Hamza, the Association had improved in gain from 12,254.12 to 20, 600, this year, 2016 as well as in membership capacity.
Encouraging more teachers, and business individuals to join the Association, Mr. Iddrisu stated that credit Union operations in the country was mandatory within the microfinance jurisdiction, and therefore people should not be afraid of losing their monies like it happened to most sometime ago when the joined some so-called microfinance companies.
He said the annual general meeting has for one to give opportunity to membership to meet face-to-face with BoD on issues that would foster growth of the Union.
In today’s meeting a member sought to be cleared on allowance for BoD members and that was done as executive Members took turns to explain home the issue to full understanding of the membership.
In the financial report presentation it was clear that organisers were managing with high financial prudence, accruing current financial gains by the Association which forms part of the 3000 credit unions in Ghana.
According to Chairperson of the Union, Beatrice Teni Atule, operation of the Union was very flexible for members particularly when it comes to accessing loan to pay school fees.