Legon Credit Union holds Annual General Meeting


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Accra, Oct. 22, GNA –
Dr Jonathan Nicholas Anglo, the University of Ghana Co-operative Union Limited
outgoing Board Chairman, has said the total assets of the union rose
significantly from GH¢ 77,095,132.83 in 2017 to GH¢ 102,541,408.48 in 2018.

Dr Anglo was speaking
during the Annual General Meeting of the Credit Union at the Great Hall on the
University of Ghana Campus.

He said deposits also

Accra, Oct. 22, GNA –
Dr Jonathan Nicholas Anglo, the University of Ghana Co-operative Union Limited
outgoing Board Chairman, has said the total assets of the union rose
significantly from GH¢ 77,095,132.83 in 2017 to GH¢ 102,541,408.48 in 2018.

Dr Anglo was speaking
during the Annual General Meeting of the Credit Union at the Great Hall on the
University of Ghana Campus.

He said deposits also
rose from GH¢ 51,511,216.79 to GH¢ 64,078,074.00 in the same period.

Mr Anglo said
membership of the union which stood at 4,979 in 2014 increased to 7,370 in 2018
representing 48 per cent increase.

The outgoing Board
Chairman said that the new credit union edifice, which construction began in
2017, was completed with a total cost of GHC 3.9 million and was inaugurated by
Prof Ebenezer Oduro Owusu, the current Vice-Chancellor of the University of
Ghana Legon.

Dr Anglo said during
his tenure, the Credit Union Association of Ghana (CUA) in 2016, declared the
University of Ghana Co-operative Crédit Union as the largest and overall best
Credit Union in the country.

As part of their
social responsibility, the Legon Credit Union made donations to the University
of Professional Studies Accra, the Legon Police Station and the University of
Ghana Alumni Association.

Mr Mohammed Saani, an
official from Co-operative Crédit Union (CUA), said due to the turbulence in
the financial system there is the need to act with diligence in dealing with
other institutions.

He urged them to work
harder to justify the confidence their members reposed in them.

Felicitation greetings
were received from various associations from within and outside the University.

New executive members
led by Dr Nana Simpson were sworn in and introduced to members of the Union.

GNA


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