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About UGCCU

This is why we are so awesome

Welcome to the UGCCU!

We offer a totally new way of borrowing

Company story

University of Ghana Co-operative Credit Union, Legon, prides itself as being the most viable Credit Union in the country. The Credit Union generally known as UG Credit Union is an organisation of people who save together and lend to each other at an affordable rate of interest. It is owned by members and administered by volunteers (committees and Board of Directors) from the membership. Each member has an equal say in the running of the Credit Union, irrespective of how much savings or shares he or she holds. UG Credit Union is regulated by the Department of Co-operatives under the umbrella of the Central Bank of Ghana. The UG Credit Union adopts operating principles with core values of equality, equity and mutual self-help. Each member has the right to see how the Credit Union is being run and how it is performing.

Members are entitled to information on the accounts of the Credit Union, as well as the names of Credit Union employees, Management Board and Committee Members. However, the Credit Union staff and voluntary workers are obliged to keep confidentiality of the information on members’ accounts. Each member has only one vote, which can be exercised at the Annual General Meeting (AGM). Members at the AGM also elect the Management Board, the Supervisory Committee and the Loan Committee members. Only members are eligible for election to the Board and Committees. They are voluntary positions and holders do not receive payments.

The University of Ghana Co-operative Credit Union has gone through several evolutionary stages. Significant achievements have been made in the past. The University of Ghana Co-operative Credit Union was formed on August 6, 1971. The Union was affiliated to the Credit Unions National Association (CUA) Ltd. on December 13, 1986. It moved gradually from a modest beginning to its current membership of Five Thousand Six Hundred (5600) as at June, 2015. The University of Ghana Co-operative Credit Union, conducts its business from its ultra-modern office complex situated on the University of Ghana campus on the Nugouchi Road, about 300 meters East of the main University of Ghana sport complex.

The Union currently has nine competent paid staff who manages the day-to-day affairs of the Credit Union. The Union has an asset size of GH¢51 Million and has an annual growth rate of about 40%.

UGCCU Loans mission is to expand access to credit and lower the cost of borrowing for the millions of people that traditional banks are typically unable to serve. Everything we do we do for people!

Dr. Jonathan Anaglo

payday loans ceo

Our Mission

To provide competitive and quality financial services to shareholders at reasonable cost; build a sustainable financial institution based on sound business principles and raise the standard of living of members, dependents and the community at large.

Our Objectives

To grant loans to members within forty-eight (48) hours.
To pay competitive interest rates on members’ savings and other investment products.
To provide convenient access to other financial services.
To introduce new competitive financial products.
Maintain high dividend yield paid on member shares

Our Values

Formal procedures in an informal atmosphere
Equity
Serving members with courtesy
Every member count
Transacting business with society in mind

Meet Our Board

We offer a totally new way of borrowing

Meet Our Management Team

We offer a totally new way of borrowing