Eager to hear our suggestions….

Staff at Redemption

Staff at Redemption

Redemption Co-op Credit Union is a small, parish based credit union with room to grow. The board, for simplicity and convenience, meets jointly with the loans and supervisory committees monthly – which means these committees that are set up to operate independent of influence from the board, are essentially circumventing the safeguards the structure has put in place. After reviewing our concerns with the manager and the board secretary, they felt re-assured as they had had small small disucssions in the past, but the affirmation from the coaches gave them new resolve to address these concerns.

The credit union bylaws has also enabled the board to delegate authority to the manager, but they had never taken advantage of this. Members asking for loans had to wait for the monthly credit commitee meeting and were not being served well by this.
Many of the loans were smaller in size to members that had been successful in paying off previous loans. The board will be addressing providing loan approval to the manager for these more routine loans – a postive stpe for the management and for the members.

Along with several other recommendations, our repirt was positively recived and Bruce and I have completed the onsite visits with credit unions. We have some homework to do for CCA whcih we can do between now and Canada – we have a debrief on Thursday and then off to arrive in London Friday monring and then leave to Canada on Sunday/Monday.

The whole experience here in Ghana with the credit unions again has been very gratifying – I am always surprised at the insight we Canadians are able to offer even in areas outside of our expertise. There have been many changes in the 7 years since I was last year – I will note them in my next post…..

Advertisements

One thought on “Eager to hear our suggestions….

  1. Gene, it sounds like you and Bruce have indeed left your “mark” in Ghana with the credit unions you have visited…way to GO!! I can hardly wait to read your next post and see the changes in Ghana since your last visit. How gratifying to see that the country is advancing and moving forward and we may have contributed to that in some small way!

    P.S. Please give Moses a really good Ghanaian handshake from me 😉

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s