Greetings valued members and Partners,
We are thrilled to announce a significant milestone at NACCUG! A momentous day-long consultative meeting was held at the office of the Governor of North Bank Region, attended by the Governor himself, his deputy, and four District chiefs from North Bank. The meeting was also graced by the presence of board members from the existing credit unions, making it a truly collaborative effort.
The primary objective of the meeting was to discuss a logical and strategic plan for the establishment of a unified credit union for the North Bank region, as well as sustainable means for its success. As you may know, NACCUG has been working diligently for over 30 years to maintain viable credit unions in the North Bank region. However, we have faced challenges in this regard. Currently, there are 6 credit unions in North Bank with a combined membership of just 937 individuals and total savings amounting to just above two million Dalasis.
Over the years, NACCUG has dedicated full-time staff to supervise and promote the growth of credit unions in North Bank. Unfortunately, the performance has been below expectations, prompting us to seek alternative growth strategies for the region.
NACCUG believe that by unifying these credit unions, we can unlock their full potential and create a stronger financial network for the region.
The presence of the Honorable Governor, his deputy, and the District chiefs highlights the importance and urgency of this initiative for the overall growth and prosperity of the North Bank region. Their support and involvement underscore the commitment of the local authorities to foster economic development and financial inclusion.
This consultative meeting was a step towards finding the best path forward. The establishment of a unified credit union will allow NACCUG to consolidate resources, enhance efficiency, and better serve the financial needs of members in the North Bank region.
On behalf of the NACCUG Board and our affiliate credit unions, we would like to extend our heartfelt gratitude to all attendees for their valuable insights and ideas. The contributions of the Governor, his deputy, the District chiefs, and the board members of the existing credit unions have been instrumental in shaping this endeavor.
Moving ahead, we will keep you updated on the progress and further deliberations. Together, we can build a brighter financial future for North Bank!
