Breaking News

In God We Trust Credit Union extends to rural Liberia

Mulbah Kessellie/Joseph T. Koon
 The Liberia Credit Union National Association  officials
The Liberia Credit Union National Association officials

(elbcradio. com/Dec. 28, 2015)-The Leadership of the In God We Trust Multi – Purpose Credit Union in Paynesville, has assured its membership of improved and effective service delivery in 2016.

The President of the Union, Mr. Saye Baye, said the Union is committed to empowering its members by providing them access to affordable finance for self-reliance across Liberia.

He expressed satisfaction over the achievements of the Union since its establishment, especially in the areas of partnership, empowerment and service delivery, among others.

Mr. Baye spoke recently in Paynesville at program marking the official closing of 2015 operational year held at Union’s Head Offices in Paynesville.

He said as a strong partner, the Liberia Bank for Development and Investment (LBDI) has opened‘Send Window for both Western and Money GramServices’ for members of the Union and its and customers.

Mr. Baye said: “At the Union’s Head Office in Paynesville, we have opened a shop with stock piled of goods to be given to our members on account to be paid after sale.”

He noted:  “The In God We Trust Multi – Purpose Credit Union has also opened four credit unions in Tubmanburg, Bomi County as part of its empowerment plan.”

The In God We Trust Multi-Purpose Credit Union President has also disclosed that with the approval of the Board of Directors, arrangements have been concluded to open a branch of the Union in Gbarnga, Bong County shortly.

Mr. Baye emphasized: “Despite all efforts to ensure that our members are empowered financially, we still see our members going to Access Bank, BRAC and other micro-finance institutions to secure loans.”

“Some even take loans from us to pay Access Bank money when they are entangled and cannot meet their payment demands. This is not fair to us and to you”, he noted.

During the program, Mr. Baye submitted a report to the Union, highlighting major activities of the year.
He said the Union hasregisteredits members in three categories: namely, forty-four registered members for weekly saving, 455 for monthly saving, and 310 persons for regular union, totaling 816 members.

Meanwhile, Mr. Baye has disclosed that the Union has generated in dues 29, 138, 255 Liberian Dollars and 297, 51 United States Dollars, respectively.


Copyright 2012 All Rights Reserved.