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19.12.2009 Business & Finance

St. Martins De Pores Credit Union makes progress

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Kumasi, Dec 19, GNA - The Saint Martins De Pores Credit Union at Atonsu Agogo in Kumasi, recorded a profit of GH ¢64,208.09 this year as against GH¢51,663.16 last year.

Its total assets also rose from GH¢1,867,389.55 this year as against GH¢1, 393, 679, 79 last year.

Investment increased from 534,368.53 to 797,013.13 while advances to members also increased from GH¢788,298.21 to GH¢ 991,296.60 in the year under review.

Mr. Mathew Kwame Oppong- Asare, the Board Chairman told the success story at the 9th Annual General Meeting (AGM) of members of the Credit Union in Kumasi at the weekend.

The Board Chairman said this year, the Union had seen credible improvement in its transactions as a result of the introduction of a new software called Cusoft in its operations.

Mr. Opong-Asare said plans were underway to acquire land to construct permanent offices for the Union.

Mr. Owusu Afriyie, Kumasi Metropolitan Manager of Co-operative Unions Association, advised the workers to dedicate themselves and work hard in order to achieve targets.


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