The current Board of Chairman, Dr. Samuel Simpson made it known that the Union was founded on 6th August 1971, by their Junior Staff members of the University in a wooden structure near the University Business School. This was later relocated to different places before it got to its current location.
Showing gratitude for the foresight of the forbearers, he went ahead to mention that the Union is currently affiliated with the national association known as the Ghana Co-operative Credit Union Association (CUA).
Since 1998, the Legon Credit Union has been thrilling. The Union for the past 50 years has achieved numerous progress and it is the largest Credit Union in Ghana when it comes to Assets totaling GH¢180 Million, while Savings stood at GH¢100 Million and Loans also clocked GH¢90 Million Adding that Membership stood at 8,000 with 35 affiliated Institutions across the country.
Due to the dedication and hard work adopted by former and current board members, the Legon Union has acquired several awards. Moreover, the Union has also encountered some challenges in the area of governance and has tried using recent information technology to serve its members greatly.
Through the establishment of systems and structures in fostering teamwork, the union is thriving, cultivating and sustaining a unique winning organizational culture. The Union is also striving hard to be a model of excellence for Credit Unions in Africa.
Dr Samuel Simpson thanked all the predecessors and distinguished Credit Unions. In addition, Dr Samuel Simpson said their Golden Jubilee would be celebrated throughout the year.
The 50th Anniversary Cake was cut by the former Board Chairperson, Madam Victoria Akweley Cudjoe. Professor Peter Quartey, another Board Chair assisted in the unveiling of the 50th Anniversary Cloth which was printed in two colours, yellow and blue.
Only a few selected members were invited to the launching of the Anniversary celebration. this was done inconformity with the COVID-19 protocols.
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