Accountant Generals’ Credit Union launches new services

By
Samira Larbie, GNA

Accra, Oct 16, GNA – The Management of the
Controller and Accountant Generals Employees Co-Operative Credit Union
(CAGECCU), has introduced three new services to its members to create more
saving avenues for them and make their lives better.

The new products include; the Kiddy Savings,
Planning for Pension Plus, and the Fixed Deposit, was launched at the Union’s
20th annual general meeting in Accra.

The Union also launched its 2017/2018 annual
report which was on the theme Credit Union: “Actualising Your Dreams.”

Mr Reuben Nunoo Kwadey, the Manager of
CAGECCU, explained that the Kiddy Savings account, aimed at assisting members
to provide enough resources for their children’s education in the future, the
Planning for Pension Plus, also give members the opportunity to save towards
their pension.

He said the Planning for Pension, gives
members the opportunity to discuss with management what they would be using
their pension money for and advised accordingly on how much their contributions
for the month should be to enable them achieve their retirement plans.

Mr Kwadey said the Fixed Deposit, gives
members an opportunity to higher yields and it could also earn them additional
one per cent of the Treasury bill rate and urged members to patronise the
services to expand their capital base.

Mr Stephen Asiamah, the Acting Chief Executive
Officer of Credit Union Association of Ghana (CAU), commended management and
members of the CAGECCU for the new services and for working together towards
their growth and sustainability.

He appealed to members to commit towards
building the credit union by honouring all their obligations in terms of
shares, regular savings, and timely repayment of their loans and urged
management to provide members with quality service to enhance their operation.

Mr Asiamah said the financial shake up by the
Bank of Ghana notwithstanding should not create panic among members, saying
“our business as cooperatives is distinct and unique.

“Our shareholders are our members as such we
believe in what we do and are committed in doing that. I entreat all members to
continue to build trust in the credit unions and make it even more relevant in
meeting today’s challenging needs”.

He said the CUA would continue to champion the
cause of credit unions by helping to remove barriers that obstructed their
smooth running and asked that members believed in the leadership and
collaborate with them to strengthen the credit union movement.

GNA 

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