Queen of Peace Credit Union records increase in total assets

queenThe Queen of Peace Catholic Church Credit Union (QPCCCU) at Madina has so far bagged total assets of GH¢4,385,395.79 this year as compared to GH¢3,246,644.96 recorded at the same period in 2015.

This was announced by George Bannor, the outgoing board chairman at the QPCCCU’s 34th Annual General Meeting held at Madina in the Greater Accra Region.

A new board, chaired by Mr. Vincent Sam Brew, was sworn-in at the AGM to replace the old one. In attendance were stakeholders from the neighboring Catholic churches like Holy Rosary, Adenta, and OLA, Madina amongst others.

According to Mr. Bannor, savings also rose from GH¢2,517,490.34 in 2015 to GH¢3,476,725.00 in 2016.

He said membership of the union increased from 3,189 in 2015 to 3,730 in 2016.

The outgoing board chairman said the union won the third place in the Management Information Systems category of this year’s biennial conference in Kasoa.

 

Nana Tabi Agyepong, Regional Manager of the Credit Union Association (CUA), congratulated the management of QPCCCU for their exemplary role in fulfilling the key tenets of credit union association.

 

He expressed happiness at the achievements chalked by the leadership of the union saying it was due to the numerous sacrifices and commitments they had undertaken and called on all stakeholders of the union to continue to provide the needed support.

 

Nana Agyepong also urged the membership to save on regular basis, pay their loans promptly and patronise all products of the Union.

 

He called on the union to adopt the principles of good governance, transparency and accountability.

 

The first credit union was established in 1849 in Germany and has since spread across the world providing reliable financial services to millions.

 

“The Queen of Peace Credit Union is just one of more than 57,000 credit unions in the world serving 217 million members from 105 countries,” he said.

 

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