Mankessim Ebenezer Community Co-operative Credit Union (MECCCU) has held this year's AGM in grand style with massive attendance.
MECCCU organizes an annual general meeting to render an account to its shareholders.
The theme for the 7th Annual General Meeting (AGM) is: "Enhancing Business Growth through Technology and Quality Service".
The Board of Directors and the various committees rendered their account to the union's shareholders.
The Board Chairman, Mr. Ebenezer Ampong Baidoo told the members that, the union's performance under the year of review has tremendously increased.
Mr. Ebenezer Ampong Baidoo, Board Chairman for MECCCU
He stated that the union's asset has grown by 257.91% and revenue increase by 457.46%.
Mr Patrick Eshun, General Manager - MECCCU
Mr Patrick Eshun assured MECCCU shareholders that, they have deployed a comprehensive enterprise risk management system and continue to use world class consultants and internal experts to stay ahead of the threats posed by cyber security. He also called on members to subscribe to the mobile banking to curb inconveniences that may occur in case of fraud.
Speaking to NewsAfricaGh.com News, the Chief Executive Officer (CEO) of Adepa Teachers' Co-operative Credit Union, Mr Joseph Acquaye, the Guest Speaker at the AGM also reiterated the call on Ghanaians to cultivate the habit of savings to reduce poverty in the communities. He advised that "investing in betting and alcoholism among others is worrisome and it would be best to start saving from the little you earn to have a better life than investing in betting."
"Poverty had become endemic in many communities in Ghana because people overlook the importance of savings."
"Your destiny is in your own hands and save for your future, which will be the best way to reduce poverty," he said.
Mr Joseph Acquaye, CEO of Adepa Teachers' Co-operative Credit Union
Mr Acquaye emphasized that, one does not need to have huge amounts of capital to invest in savings, but a clear plan, adding that 'little is much'.
The event, which took place at the Ebenezer Methodist Church in Mankessim on Thursday, June 20, 2024, had many dignitaries gracing the occasion with their presence.
The AGM also comes as a great achievement for the union, as it signifies a financial breakthrough.
Some of the dignitaries advised the members on the importance of savings, shares, load repayment, loan insurance and the introduction of new members into the union.
Section of dignitaries present at the AGM
Factors including strong cost control measures leading to an improvement in the Credit Union's staff performance, management system and the augmentation of the Union’s leadership in key areas to implement key elements of the Union’s strategy contributed to the sterling performance.
The New Logo of Mankessim Ebenezer Community Co-operative Credit Union Limited was launched at this year's AGM
The shareholders and members expressed their heartfelt appreciation to the Board, Management and workers of Mankessim Ebenezer Community Co-Operative Credit Union Limited for their stellar performance despite the ravaging impact of the economic challenges and for striving to attain this success, hence calling on the public to trade with 'the authentic credit union of the moment' as they say "Mankessim Ebenezer Community Co-operative Credit Union Limited is for all."
Some hard-working staff were honoured following the call of the members and thorough assessment by the management.
Following the calls of the members, the management of Mankessim Ebenezer Community Co-operative Credit Union Ltd has inaugurated its new Mankessim Market Branch within the Mankessim main market.
Shareholders participation and contributions at the AGM gave the members the platform to contribute to the credit union's performance and continues growth. The AGM proceedings was also monitored by NewsAfricaGh.com.
Mankessim Ebenezer Community Co-operative Credit Union Ltd renders the following Products and Services. They include;
Member shares, Member savings, Annual savings, School fees savings, Youth savings, Susu savings, Wodaakye savings, Member time deposit, Yes I do savings, Association savings, Akwaaba load, Occasional loan, Business loan, Association loan, Susu loan, Pashew (instant) loan, Salary worker loan, School fees loan, Yes I do loan, Institutional loan and Group loan.
See the photos below:
Source: NewsAfricaGh.com
