NtaCCUL AGM: Members Celebrate As New Enticing Services Are Introduced


(Photp Credit: GPmEDIA) NtaCCUL Members At The AGM


By Raymond Dingana

It was with joy and conviviality that members of the Ntarinkon Cooperative Credit Union Ltd dopped (NtaCCUL) received news about some free services that have been interjected in to the credit union.

The annoucement that was welcomed by members of NtaCCUL was made Sunday January 29,2023 during the 36th Annual General Meeting(AGM) in Bamneda,North West Region of Cameroon.

President of Board of Directors,BoDs of NtaCCUL, Fru Issac Taku

As indicated by the President of Board of Directors,BoDs of NtaCCUL, Fru Issac Taku, a meeting held produced some mouth watering decisions that will better the financial inclusion of members.

Saving withdrawal charges and notifications before pulling out of any amount of money have been scraped,

 president,BoDs NtaCCUL,Fru Isaac said and continued that,

Passbooks to members,Bank attestation,Account opening, Deposits, Salary transfer,Cheque booklets and SMS to members are some of the free minimum services that members will start enjoying for a better financial inclusion of members of NtaCCUL.

Apart from the minimum free services, prior notification for savings withdrawals has been cancelled.

After a careful study of the business environment by the BoDs, a decision in favor of a reduction of contract loans from 2% to 1.5% and for loans from 100 million that meet certain special and rigorous requirements from 1.5% to 1%,"added the president of BoDs, Fru Isaac Taku.

Thanks to what members of the BoDs say was unrival services to the credit union members in 2021, membership moved from seventy-four thousand sixty-eight in 2021 to eighty-two thousand eight hundred thirty-nine in 2022,meaning eight thousand seven hundred and seventy one new members embraced Ntarinkon Cooperative Credit Union Ltd, NtaCCUL.

           NtaCCUL Goes Digital 

Members were also informed that the Digital Transformation of NtaCCUL has been updated. 

In order to make NtaCCUL a one stop shop, Automated Teller Machine and Pre-paid Visa cards,Mobile money services amomsgt others have been made available. 

An online App was launched andit it is available on playstore for easy access by members. 

It can be downloaded and installed on smart phones. Through the App,members can get to know the situation of the accounts and can carry out other financial transactions using the mobile App, so it was revealed.

NtaCCUL Makes Presence Felt In Other Regions With New Branches

NtaCCUL has also been expanding with new branches at Mendong-Yaounde, collection centres at Up-station Bamenda supported by the baby Nkwen branch and Ndobo in Bonaber, Douala.

The aim is to increase membership,reduce queues and delays in the treatment of transactions.

Cross Sectio Of NtaCCUL Members At The AGM


NtaCCUL Contributions To Fight Against Unemployment 

On human resource, NtaCCUL began the year 2022 with a man power of 143 staff members with more to be recruited. Many have had both direct and indirect jobs thanks to NtaCCUL.

The Anglophone Crisis that has greatly affected the saving prowess of members of NtaCCUL not leaving out the Covid-19 pandemic, compounded by the Global Value Chain problems caused by the war in Ukraine,many members have not been able to meet up with their financial engagements with the union.

BoD Members And Others At The AGM

Despite all these, Fru Isaac said NtaCCUL remained strong and resilient,as records in the past years clearly show as NtaCULL continues to take the lead in the Micro Finance Sector in Cameroon all thanks to her members.

Drayinfos.com

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