Soil Research Institute Co-operative Credit Union (SRICCU) recorded significant growth in 2024 despite economic challenges that characterized the year.
Normal savings which stood at GHs 14,140,837.77 in 2023 rose to GHs 28,813,138.99 during the year under the review with total assets rising from GHs 18,913,595.34 in 2023 to GHs 35,367,998.48.
Membership Shares also shot up from GHs 1,710,947.19 to GHs 2,413,014.61 with Liquid Investment increasing from GHs 5,700,848.95 to GHs 8,438,080.12.
Membership of the union which was 7,656 in 2023 also rose to 9,916 in 2024.
On operational improvement, the institution has rolled out E-transaction services to provide core digital banking solutions to members through the use of electronic mobile with or without Internet access.
This gives members access to all services of the credit union provided on its digital platform.
Aside the above mentioned, the Union succeeded in opening a new branch office at Tanoso which is fully operational and performing well with a staff strength of 10- comprising 4 males and 6 females.
During the year under review, SRICCU as part of its corporate social responsibility was able to organize a quiz competition with private and government schools within its operational areas.
The foregoing has set up the appetite of many schools to take part in the next quiz competition that will be organised by the union.
Management has also settled on organizing a sanitation program as well as other several corporate social program within its catchment area.
Board Chairman for Soil Research Institute Co-operative Credit Union, Mr. Edward Kissi made the above disclosure at the 25th Annual General Meeting of the Union which was organised on Friday, 16th May, 2025.
The meeting was held under the theme: “Shaping the Future of the Credit Union and It’s Members: Trends and Insights for Tomorrow”.
In his address, he urged members of the union to ensure prompt payment of their loans so as to help the institution to continue supporting other members who are in need of financial assistance.
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