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NACCUG GM tasked GTUCCU board members

Apr 13, 2010, 1:51 PM | Article By: Lamin B. Darboe

The acting General Manager of the National Co-operative Credit Union Gambia (NACCUG), Mr. Patrick Mendy has challenged the Board of Directors of the Gambia Teacher's Union Co-operative Credit Union (GTUCCU) to ensure that they package their philosophy and services appropriately and deliver through channels that meet the needs of its members.
Mendy, who was speaking at the GTUCCU 13th Annual General Meeting held at the unions' headquarters over the weekend on the theme "Together We Are Better" further challenged members to ensure that their Credit Union is vital and relevant to their members now and in the future as it has always been in the past.
According to Mendy, AGM serves as a forum for stocktaking and accountability, adding that it is during this time that GTUCCU members forward its Board of Director's report to their shareholders, outline their achievements during the last twelve months and map out the way forward.
In her statement, the General Manageress GTUCCU Mrs. Fatoumata Saho Cham said she took over the affairs of GTUCCU at a crucial moment in the operations of the Credit Union, characterised by continuous growth and demand by the membership for a few new products and services. She said GTUCCU management will remain fully committed to the provision of relevant and affordable services, and in collaboration with its board will chart the way forward to make their services more relevant to the expectations of the general membership.
She said at the 2009 AGM, a resolution was approved to increase members' shares, adding that the deduction for this increment have ended in December 2009. He disclosed that the amount recovered was invested in the NACCUG's shareholding investment account.
General Manageress Cham said NACCUG's increment of affiliation fees was also implemented by the GTUCCU management after a 100% increment was approved at the NACCUG's 2009 AGM.
In this light, she added, GTUCCU is determined to invest more in safe ventures for attractive returns to improve their overall income for better dividend to members.