The TEK Co-operative Credit Union Limited has held its annual general meeting at the Great Hall, KNUST. The annual event is to take stock of the activities of the Union, access the financial   statements and present audited accounts for the financial year.

The President of TEK Co-operative Credit Union, Mr. Asamoah Nyarkoh said the vision of the founding fathers was for members of the University community to save and to take loans to better their lives; and that, credit unions are basically for savings and loans purposes. He said the traditional banking institutions are currently switching to microfinance which has become a challenge to the operations of co-operative credit unions.

Again, Mr.Asamoah said a major challenge facing the co-operative credit union is the constant withdrawal of monies by members which has become a major part of the operations of the credit union. He said deposits from members are mostly within the minimum deposit fee of between One to Twenty Ghana Cedis and advised members to increase their deposits above the minimum deposit fee.

Mr. Asamoah announced that to increase the share capital of the union, the dividend on each share has been increased by fifteen percent.

The Regional Director of Co-operative Credit unions, Mr. Kofi Nsiah Amponsah inaugurated the new management board of the union. The Incoming board members are Samuel Asare Kyire as President, Evelyn M. Mensa, Vice President, Samuel Sowa Mensah Treasurer, Ali Mohammed, Assistant Treasurer, Agahik Joseph, Secretary, Victoria Priscilla Darkwa, Kwaku Danso and Dr. Divine Ahadzi as management board members.

Again those to manage the loans of the co-operative union for the coming year are Latif Issal as Chairman, John Kweku Agyemang secretary and Hope Appiah, Member. Those to supervise the operations of the cooperative union are Albert Nartey, Kwasi Dumashie and Richard Yeboah
URO.