The Agyati Cooperative Credit Union Limited (AgyaCCUL) has reinforced its position as a resilient and well-managed financial cooperative, recording strong performance indicators and sustained regulatory compliance despite a challenging economic and security environment. This was the central message at the Union’s 32nd Annual General Meeting held on Saturday, January 24, 2026, at the CamCCUL Hall at Commercial Avenue in Bamenda, convened on second call.
Presenting the Annual Report of the Board of Directors, the President of AgyaCCUL, Fonileck Richard Ngwa, commended members, staff, elected officials and partners for their continued trust and commitment to the Union. He noted that the meeting provided an opportunity to review activities for the 2025 financial year and chart a clear path for 2026.
The report revealed that AgyaCCUL achieved encouraging realization rates across its core performance indicators in 2025. Share mobilization stood at 90.1 percent realized, while savings exceeded expectations at 103.7 percent realized, underscoring growing member confidence. Deposits closed the year at 90 percent realized.
Membership growth was recorded at 78.4 percent realized, reflecting steady expansion despite prevailing socio-economic constraints. Income performance reached 81.3 percent realized, while expenditure control stood at 81.9 percent realized, demonstrating prudent financial management. Undivided earnings were realized at 92 percent, and the balance sheet closed the year at 90 percent realized, confirming the Union’s overall financial stability and sustainability.
A major highlight of the AGM was AgyaCCUL’s continued respect for prudential regulations. The Union recorded a perfect score of 14 out of 14 under COBAC norms, a performance it has sustained for four consecutive years since 2022. Management described this consistency as evidence of strong governance, effective internal controls and sound risk management practices.
Membership confidence remained strong throughout the year, with the Union continuing to attract new members under ongoing sensitization campaigns. However, the meeting also took time to honour members who passed away in 2025, observing a minute of silence in their memory. Families of deceased members were encouraged to liaise with management to ensure the smooth processing of their entitlements.
Speaking during the AGM, General Manager Nzie Roland emphasized the role of human capital and digital transformation in driving the Union’s performance. He disclosed that staff capacity is rated at over 95 percent, attributing this to deliberate recruitment of qualified personnel and continuous training through seminars organized by CamCCUL.
He further highlighted the Union’s adoption of reliable digital banking software, which supports services such as savings and deposits, fast loan processing, Western Union and mobile money, while significantly reducing operational risks.
Founded in 1984, AgyaCCUL operated with only two offices for several decades. A turning point came in 2021 with the appointment of Nzie Roland Fusoh as General Manager, when the Union embarked on an ambitious expansion drive. Since then, new branches have been opened in Yaounde, Douala and Bafut Central, opposite the entrance to the Bafut Fon's Palace, marking a period of accelerated, geometric growth.
These three new branches add to the two older ones at Agyati Bafut and Tatsa Business Centre, Food Market Bamenda. Feasibility studies are currently underway for the opening of a new branch in the South West Region. Despite ongoing security challenges in the North West and South West Regions, AgyaCCUL recorded no attacks on its offices in 2025. Management reaffirmed its commitment to strengthening security measures to safeguard staff, members and assets.
Looking ahead, the Board expressed confidence that 2026 will consolidate the gains already made. Plans are underway to begin the construction of a befitting Head Office in Agyati, Bafut, intensify loan recovery efforts, improve staff welfare and discipline, expand membership and further strengthen collaboration with CamCCUL.
In his closing remarks, President Fonileck Richard Ngwa expressed deep appreciation to all stakeholders whose sacrifices made the Union’s achievements possible. He acknowledged the efforts of staff, management, elected officials and members, noting that AgyaCCUL’s sustained growth, regulatory compliance and expanding footprint are the result of collective commitment.
The 32nd Annual General Meeting ended on a note of renewed optimism, with members expressing confidence that AgyaCCUL will continue to grow from strength to strength while remaining firmly rooted in cooperative values and member-focused service delivery.
Comments
Post a Comment