The
National Association of Co-operative Credit Unions of The Gambia (NACCUG) with
funds from the Irish Government yesterday commenced a two-day training for its
board members on credit union matters.
The
training, which brought together 17 board members from different sister credit
unions in The Gambia, was geared towards enlightening members about the
financial issues of credit unions.
Speaking
at the opening ceremony held at the NACCUG conference hall in Kanifing South,
Mr Patrick Mendy, head of Finance and Admin at NACCUG, said the training would
strongly capacitise board members as well as senior members on running credit
union affairs.
He
said credit unions have financial problems, as functionaries do not also
understand the financial statement. They thought it fitting, he explained, to
edify such key executives to be able to analyse financial statements and guide
their institutions.
“We
believe that if the institution is not guided properly it will have problems in
the near future,” he stressed.
Mr
Mendy pointed out that at the end of the training participants would be “well
equipped with equitable skills” to analyse the financial statement.
He
added that trainee beneficiaries are expected to transfer skills learned to
their various credit union board members to ensure their credit unions are
effectively and efficiently run.
Edrisa
Bojang, Chairman of the Board of Directors of NACCUG, said the training was
also held to induct the board members and to ensure all of them are financially
inclined.
Mr
Bojang advised the participants to make best use of the training as well as to
disseminate the knowledge gained from it.