At 30th AGM: ChoCCUL Records Strong Growth Despite Challenges

ChoCCUL President Addressing Members During the AGM.

Chomba Cooperative Credit Union Limited (ChoCCUL) has announced strong financial and membership growth, defying persistent socio-political and economic challenges. The performance was disclosed during the union’s 30th Elective Annual General Meeting (AGM) held on Sunday at the CamCCUL Building, Commercial Avenue, Bamenda.

Presenting the Board of Directors’ report, Board President Munda Terence attributed the credit union’s resilience to members’ trust, discipline, and collective commitment. “Three years ago, we adopted a performance-driven leadership model focused on accountability and results. Today, the outcome is clear, ChoCCUL is growing steadily because our members believed in the vision and stood by it,” Munda Terence stated.

     Munda Terence, ChoCCUL President.

According to the report, ChoCCUL recorded notable increases in membership enrollment and overall financial performance, reinforcing its reputation as a reliable community-based financial institution. The Board also reported significant improvements in staff welfare, working conditions, and institutional professionalism, measures which have strengthened service delivery and internal efficiency across the credit union.

Highlighting strategic achievements, Munda Terence disclosed that ChoCCUL expanded inter-cooperative partnerships in 2025 and invested heavily in staff training and capacity building, laying a solid foundation for sustainable growth.

President, Amongst Others Re-entrusted at the Helm of ChoCCUL.

Looking ahead, the Board unveiled ChoCCUL’s 2026 strategic agenda, which includes the digitalization of banking and accounting systems, the introduction of salary code services, the expansion of project financing, and the development of national and international partnerships aimed at improving livelihoods, particularly at the grassroots level. “Our goal is not growth for its own sake, but growth that directly improves the lives of our members and communities,” the Board President emphasized.

Nsuh Petria, ChoCCUL General Manager.

Speaking on the sidelines of the AGM, General Manager Nsuh Petria reaffirmed ChoCCUL’s development-focused mission, especially its support for petty traders, rural women, and small-scale entrepreneurs. “As a microfinance institution, our mandate is simple but powerful: make finance accessible and meaningful to ordinary people. We remain flexible, inclusive, and deeply rooted in the communities we serve,” she said.

Dr. Awah Richard Ndoh, CamCCUL Assistant General Manager.

Also addressing participants, Dr. Awah Richard Ndoh, Assistant General Manager of CamCCUL, commended ChoCCUL’s performance and urged the institution to accelerate its digital transformation. “Digital systems are no longer optional. They are critical for transparency, efficiency, and stronger internal controls within the cooperative movement,” Dr. Ndoh noted.

Cross Section of Officials Listening to the President.

The Board further announced that ChoCCUL will celebrate its 30th anniversary in 2027, with plans for a year-long series of activities to mark three decades of service, resilience, and cooperative development.

In closing, Board President Munda Terence reaffirmed the institution’s commitment to unity and results-oriented leadership. “If you want to go fast, go alone. If you want to go far, go together. ChoCCUL’s future will be built on collective effort and shared responsibility,” he concluded, extending New Year wishes to members for a prosperous 2026.

Cross Section of Members During the AGM.

It is worth noting that the general assembly renewed their confidence in some the members whose mandate came to an end by reelecting them for another 3year mandate at the helm of the Youth, Women and Supervisory committees respectively.