West Mamprusi Teachers’ Co-operative Credit Union held 6th AGM

West Mamprusi Teachers’ Co-operative Credit Union held 6th AGM

Views: 132 Ishmael A. Junourgh, Walewale, N/E/R, 16/10/2020 The West Mamprusi Teachers’ Credit union had held its 6th Annual General Meeting tod...

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Ishmael A. Junourgh, Walewale, N/E/R, 16/10/2020

The West Mamprusi Teachers’ Credit union had held its 6th Annual General Meeting today. (16/10/2020)

The occasion is necessary for the members to know how the association is growing, according to the vice chairman, Mr Norbert Awiah.

He went on to say that the association was growing in all its necessary accounting procedures, including membership, loan services, investment, savings, assets and shares.

He added that to encourage hard work among the staff, the management has instituted an award scheme for the purpose.

 

He, however, noted that the association was not without challenges and that appropriate measures had been adopted to redeem all losses, in specificity loan recovery.

At the open forum session, issues of loan services featured more and to that, the management admonished members not to always default in payment because such attract consequences on their savings.

The management also encourages the members to always go back to the union for their loan services instead of going to banks.

And that if a member already has a loan to pay and the need arises for an additional loan they could still be served by the association paying respect to necessary accounting details.

Market women and other community members are been blessed with the Walewale credit union which is among 10 others in the North East region.

The regional chairman, Malio K. Bakers lamented at none payment of huge sums in loans belonging the credit union and admonished the members to change the narrative for the union to grow bigger and to support the members appeal to the existing members to promote the union for more people to join.

Chapter chairman, Amuriyaga Isaac on his part educated the members on the union’s shareholder status and that of loan payments.

He called on the members to pay their loans in due time, to increase their membership and to increase their shareholding status from 100 to 200 cedis.

The union elected into office nine executives who promised to work hard in their various capacities for further growth of the Association.

 

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