Ntambeng Credit Union Creates History, Doubles Membership in One Year
By Martial Gnoukapasi NTAMCCUL members at 55th AGM smiles at progress of their Union The Board and Management of Ntambeng Co-operative Credit Union have been saluted in song and spoken words, after registering more members than targeted for 2022. The team received a standing ovation from it's members, at the 55th Annual General Assembly Meeting of the credit house on Sunday February 19. Ntambeng for 2022 alone, registered 7008 new members, moving membership of the Union from 7240 to 14237 members, representing a 97% growth rate in membership for 2022. Shares, Savings and Deposits for 2022 as compared to 2021, moved up by 15.6%, 55.7% and 94% respectively. Another saluted milestone in the life of the credit union recovering from a financial surgery. Loan delinquency which stood at 59% in 2021, was also admirably dropped to 35% in 2022. According to Ndonwi Derick Shu, President of the board of directors, these strides have been made, thanks to the rekindled confidence bestowed by t...