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04.03.2009 Education

Swedru Teachers Credit Union gets new Office complex


A GH¢ 42 million office complex and a guest constructed by the Swedru Teachers Credit Union has been completed and handed over to the management and the board of the union.

In an interview with the Ghana News Agency (GNA), Mr James Yamoah, Manager of the Union, said Swedru Teachers' Credit Union had become one of the proactive credit unions in the Central Region and even the nation, with kind of quality services it rendered to its customers.

The new edifice has a boardroom, conference room, banking hall, library, stores, secretary's office and a car park.

Mr Yamoah said the union had improved its operations in the areas of investments and trade, by fast track the processing of loans that would promote the businesses of its members in the Agona West Municipality.

The Manager said the union had also put in place measures to extend its services to other districts.

Mr Yamoah said management had completed plans to computerize it operations in order to phase out manual writing and also assist members to access their monies anywhere in the country.

Mr Alexander Oteng, Agona West Municipal Co-operative Officer, said credit unions were impacting positively on the businesses of most market women in the Agona Swedru Municipality.

He said many business people preferred doing business with credit unions because they were not required to provide collaterals and other security deposits before securing loan facilities.

Mr Oteng stated that the credit unions also had better ways of recovering loans from the market women and other business operators than other financial institutions.

Nana Badu Ehuren, Sanaahene of Agona Swedru commended the management and the board of Swedru Teachers Credit Union for their hard work, which had earned them that beautiful edifice.

He expressed the hope that in 10 years the union would be able to invest in hotels and other lucrative ventures to improve the welfare of the members.

He called on teachers and other business executives in the Agona Swedru Municipality to join the union for a better future.