AziCCUL Launches New Branch in Up Station, Reechoes Position as Biggest Microfinance Institution in Cemac

The Management of Azire Cooperative Credit Union Limited, AziCCUL, has opened a new branch of category 1 microfinance at Upstation in Bamenda in the North West Region. The biggest credit union, with a membership of over 62,000 and sharesavings and deposits of 52 billion Fcfa, launched the new branch on Friday, November 29, 2024.

    Lembeh Pius Titaku, AziCCUL General Manager.

Speaking during the launching ceremony at the esplanade of the new site located at Alanhting 1 neighbourhood in Bamendakwe, Lembeh Pius Titaku, AziCCUL General Manager, explained that the new branch would sum up to a total of 14 branches nationwide.

   According to the GM, the new branch aims to ease the banking experience for members, offering a wide range of products and services geared towards meeting diverse financial needs. 

   From savings accounts to specialized accounts for school fees and Christmas savings, the AziCCUL GM insisted that the management is committed to supporting its members financially. The institution, Lembeh Pius added also pays special attention to minors with dedicated accounts and provides group account options for collective savings.

    In addition to its robust savings offerings, AZICCUL is a leader in loan facilities, providing long-term loans for business ventures and agricultural projects. This commitment to supporting local entrepreneurs and farmers is vital for driving economic development within the community.

   AZICCUL also recognizes the importance of timely salary payments, offering efficient salary disbursement services to both public and private sector employees. With innovative solutions like pre-paid Visa cards, inter-branch money transfers, and currency exchange services, AZICCUL is making banking more accessible and convenient than ever.

   For those looking to cultivate a habit of saving, AZICCUL's daily savings account is an excellent option that encourages regular deposits and helps members achieve their financial aspirations.

   Barr. Divine Momuluh, AziCCUL Board President.

On his part, AziCCUL's President, Barrister Divine Momuluh, disclosed that the financial institution is aimed at promoting financial freedom with a vision to expand across the national territory and beyond.

   "Nobody needs to tell you where the wind is blowing. Looking at the rate of development, there is a need for a financial institution in that area to boost financial freedom. The union started with few members with a capital of about 260000 fcfa but today they can boost of 62000 plus members', Barrister Momuluh said.

    Front view of Bamenda Upstation New Branch.

 

As AziCCUL continues to expand its footprint in the financial sector, AziCCUL President thinks the new branch at Alanhting 1 quarter, symbolizes a commitment to enhancing customer experience and fostering financial inclusion. 

   He, just like the General Manager, used the occasion to invite members to visit the new location and explore the full range of services available and why not also discover how AziCCUL can help them achieve their financial freedom in the shortest time frame.