Story: Tim Dzamboe, Ho
THE Jasikan District Teachers Co-operative Credit Union continues to register an increase in members’ savings.
The union registered a growth of 71 per cent last year as against 68 per cent in the previous financial year, despite the decline in membership from 2005 to the close of June, 2007.
The Board Chairman, Mr Emmanuel Gati, announced this at the ninth annual general meeting of the credit union held at Jasikan.
He said the union granted a total of GH¢425,300 to members last year while the total income fell from GH¢150,000 to GH¢140, 000 last year, indicating a shortfall in net surplus by 39.3 per cent as compared to that of 2006.
Mr Gati, however, stated that the management of the union had recommended the payment of GH¢6,490 to members as against a lower sum of GH¢5,890 paid to members the previous year.
He advised the members to refrain from the non-payment of loans granted to them since loan defaulters were killing the union, stressing “ non-payment must be killed before it kills the union.”
The first phase of an office complex was officially inaugurated and used as the venue for the annual general meeting.
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