The 2017 Annual General Meeting (AGM) of UGCC was held on October 19, 2017 at the Legon Sports Directorate. Highlights of the meeting are as follows:
Total income grew by GHS2,889,538.01 representing 26% growth.
Return on Assets increased to 7.33% compared to the previous year.
Management declared a dividend of 37% of net surplus amounting to GHS 2,090,170.92.
The union has a solid reserve position of 19.71% of total assets.
CSR: The union does not only provide services to satisfy members but ensures the community in which it operates benefits as well. Donations were made to the following
University of Health and Allied Sciences, Ho
University Basic Schools, Legon
Public Affairs Directorate, University of Ghana, Legon
Software: The union is in the process of procuring new operational software to aid in implementing our “flexy account” to allow members to operate full current account in addition to receiving salaries through the union.
Infrastructure: According to the manager Mr. Francis Fiayiya, the office building expansion project has started, and is expected to be completed early next year. This will make more room for business operation.
The union currently has a membership of over 6600 from 26 institutions across the country with a Asset size of about GHS 77million.
According to the Head of Marketing, Mrs Akua Osei-Assibey, the union is still admitting credible institutions with at least 50 staff members and above, adding that contributions from members is strictly from source, where the institution would serve as a guarantor.
She urged all interested institutions to contact the marketing unit of the union on
UGCCU Contacts: 0557497633
to register their staff. DON’T BE LEFT OUT!!
Download the full AGM 2017 Report here.