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Sep 29, 2014, 10:48 AM | Article By: Halimatou Ceesay

Gambia Technical Training Institute Cooperative Credit Union, GTTICCU, Friday held its 7th Annual General Meeting at the GTTI premises.

Speaking at the AGM, Lanlokun Olabode Thrimidhi, chairman board of directors GTTICCU, said they are celebrating their 7th year of existence with two completed terms of a three-year term as stipulated in their by-laws, and an extra year after the members’ request for their continuation.

He said the members have been increasing in number year by year, but they need to cultivate a positive attitude toward savings, which is a requirement for prosperity.

“I am urging all members to be financially disciplined and cultivate the good habit of saving, as a way to achieve the desired result of a better living,” he said.

Mrs Jahou S. Faal, Director of GTTI, commended the board for the good job they are doing for the members, adding that the credit union is theirs, and this was why they were all at the AGM.

She said the minutes of the last AGM should have been circulated 21 days before the AGM, so that members could have time to look at them.

She added that they all share the ideals of volunteerism, that was why they were all present and urged all the employees of GTTI to come and join the credit union.  “It is a good initiative, keep on saving and limit withdrawals,” she advised. Modou Lamin Touray, acting-registrar cooperative credit union, said they assist in providing training for the managers of credit unions, stating that the purpose of a credit union is to promote savings.

He said a credit union has benefits such as creating employment, paying school fees, building houses, among other things.

Baboucarr Jeng, general manager NACCUG, said the best practice requires one to report to member in the first three months, adding that it was important for members to see the figures and ask questions to clear their doubts.

He added that in electing new members, they have to elect people who are committed and would be interested in their welfare; who are honest and have integrity and are willing to serve them.

Jeng said they are a very important union and they should work together and professionalize their operations to secure the savings of members.