Anum Apapam (E/R), Nov. 28, GNA - The Annum Apapam Community Co-operative Credit Union (AACCU) was able to raise its savings from 66.9 million cedis in 2006 to 221.8 million cedis by this year, an increase of over 231 per cent.
This was announced by the Eastern Regional Manager of the Credit Union Association of Ghana (CUA), Mr Hilary Milleyon at the first general meeting of the Union at Anum Apapam last week. He said shares of the Union increased from 31.7 million cedis in 2006 to 72.8 million cedis this year an increase of 129 per cent. Mr Milleyon said the union also increased its investments from 35.8 million cedis last year to 119.5 this year, an increase of 233 per cent adding that its reserves also increased from 4.2 million cedis to 8.4 million cedis this year.
He said the Union also increased loans that it granted to members from 58.2 million cedis last year to 140 million cedis this year. Mr Milleyon said the Union also increased its membership from 126 to 186 adding that currently, it was among the best six performing Unions in the Region. Mr John Acheampong, Field Officer of CUA, called on the members of AACCU to help to increase their membership by encouraging others to join it. 28 Nov. 07
