At 39th AGM: NtaCCUL Reassures Members Payment Of 6% Interest On Savings, Highest In CEMAC Sub Region

 Members of the Ntarinkon Cooperative Credit Union have been given assurance to continue enjoying the highest interest on savings of 6% which is the highest offered by a Micro finance institutions in CEMAC Sub Region. This announcement was made to members on March 1st 2026 at their Annual General Meeting (AGM) that held at the Bamenda Municipal Statum where presentation of the 2025 annual report were made.

While addressing the members, management highlighted major challenges especially within the context of the crisis but however noted that despite all these challenges, NtaCCUL continues to maintain its leadership position in Cameroon as the biggest and best credit union in CEMAC region with international awards backing it. It should equally be noted that NtaCCUL remains the only credit union with no injunction from the banking commission (COBAC) indicating that NtaCCUL is in accordance with all COBAC prudential norms.

Landmark achievement within the year under examination sent members into ecstasy as they believe that their management is working in the interest of the union such as a record new membership of 13, 103 in 2025 taking the tally to 117,213 as compared to 104,107 members in 2024 indicating a growth rate of 13%. Shares increased from 3, 442,688,059frs CFA to 3,813,524,923frs CFA representing a 11% growth rate in 2025. In 2025, savings increased by 10,715,458,620frs taking the tally to 66,800,289,707frs CFA indicating a growth rate of 19%. Deposit increased by 11% growth rate totaling 3,813,524,923frs and liquidity which equally increased by 35%.

NtaCCUL's General Manager Ade Muma Divine x-ray reasons behind NtaCCUL's success. "We have been on a digitalization journey for two years from the management report, we see that we have come to the end of the digitalization. People can now stay at their homes. They can do transactions using the app that we have made using the USSD platform and we have publicly created a GIMAC card. With this card you can move around with your account in your pocket. With the GIMAC card, you can withdraw from any other bank, from any other microfinance, using the GIMAC card. You don't need to come to the Credit Union again, that you want to do transactions. You can stay at your home 24 hours. You can do transactions using your mobile phone, using the GIMAC card that the Credit Union has put at the disposal of its members". Stating the uniqueness of the institution the General Manager noted that "for the past 10 years, we have been paying interest of 6% in member savings and then, we have developed a lot of products that tell us the needs of the members Like the lending promotion, we have come to realize that many women, they are engaged in lending especially small-scale loans, that they will not have collateral to pay those loans. Our credit union has already designed a project where you can support women without asking for anything. That's the significance of other securities and people.

NtaCCUL's General Manager Ade Muma Divine

Members of Ntarinkon Cooperative Credit Union during the 39th General assembly meeting equally renewed their trust to Barrister Akumah Miranda as board president following a serious elections into the Board of Directors which is the management organ of the institution. Elected as board president last year, she has proven to members that the future of the giant financial institution in CEMAC lies with vision and ideas.

Barrister Akumah Miranda NTACCUL'S Reelected Board President 

According to the newly reelected Board president Barrister Akumah Miranda, my first one year mandate focused on stability and internal strengthening. Now we will focus on growth, modernization and competitive positioning with strategic roadmap that will future digital transformation, membership expansion, capital base expansion, load growth with risk control, capacity building and training on customer service.

By Etienne Nfor Liboh