The out gone Board Chairperson of the Wa Workers Cooperative Credit Union (WAWCCU), Mrs Mbiba Joyce Mpopii has taunted the performance of the credit union for realizing an increase in members’ savings for the period 2019. She stated that savings shot up from GH₵4,089,945.88 in the 2018 financial year (FY) to GH₵ 5,245,491.62 in 2019 financial year representing an increase of 28% of members’ savings.
She made this revelation at the Unions’ 14th annual general meeting held at Wa Technical Institute in Wa in the Upper West Region.
Mrs Joyce indicated that, the union witnessed a growth in the area of shares owned by members stating that” the total share value as at 30th June 2019 stood at GH₵653,928.26 against GH₵445,185.55 which constitute an increase of 46%. This was as a result of members meeting the minimum of GH₵200 which was resolved our last AGM for members to have by the close of December, 2018”.
She further said the union has been doing its best to come out with products and services that will inure to the benefit of their target groups mainly teachers and other formal groups in the Wa Municipality and its environs, stressing that “the theme for this years’ AGM is local service, global reach, tell how each credit union serves as a local community, and it is because of that local service in communities across the world that we have a global credit union movement. As work-based credit union, our target groups are teachers and other formal workers in the Wa Municipality and its surrounding communities. WAWCCU has continuously strive to have member tailored products and services to meet the needs of our members and the local community we served”.
The union after several deliberations elected their new Board of directors to also continue with the affairs of WAWCCU on behalf of members. The new board comprises Chairperson, Vice chairperson, Secretary, Treasurer, Member and Ex-officio. Members of the new board were charged to work hard and put hands together as a team to conquer challenges that might come their way.