At 2023 AGM, NTACCUL Pays Lofty Interest Rates, Improve Digital Services!

​At 2023 AGM, NtaCCUL Pays lofty interest rates, Improve Digital services!


By RUTH CHE WACHONG


Presenting the Balance sheet for 2023 during the Annual General Meeting (AGM) Sunday, the President, Board of Directors for NTACCUL, Fru Isaac, revealed that the number of members have increased by the day thanks to their lofty interest rates.

“Our greatest secret is numbers as we have grown up to 92,210, which has also increased the balance sheet value of the credit Union by 9billion in one year. We are presently at 62 Billion balance sheet value which is a value higher than any other credit Union in Cameroon. Deposits have also increased thanks to the 6% we pay on deposits. 

Fru Isaac
President NTACCUL BOD

"Our members are business persons, civil servants and people from all walks of life who need finances for their businesses and Projects. That is why we experienced an increase in the total amount of loans acquired in 2023 which stood at 35 Billion CFA FRS.

Fru Isaac added

The Board President added that the Credit Union is expanding by the day as branches are being opened in all Regions and Divisions of the Country to better serve the population.


Speaking to the Press after the AGM, the General Manager for NTACCUL, Ade Divine revealed that the Banking institution is the largest in the country.

“NTACCUL is the largest Credit Union in Cameroon in terms of membership and Assets. Our customer services are top notch and that is why we have moved from Analogue to Digital which makes it easy to do your operations from the comfort of your home.

Talking about the digitalization of  NTACCUL, the GM said;

“We intend to complete the digitalization of NTACCUL this year to permit members do transactions from their mobile phones. There’s also a platform and automated teller machine in all branches. We are also developing digital tools to ease transactions from both digital and analog phones. We believe these services will help us attract a broad base of members”

 Ade Divine
                   General Manager NTACCUL 

HRM the Fon of Mankon says his community has benefited and continue to benefit a lot from NTACCUL.

“Mankon is the leading Village in the North West in terms of Credit Unions and I’m happy because my community is benefiting from that. Majority of NTACCUL members who benefited from micro loans in 2023 are from Mankon and my village is proud of that”

HRM Fon Angwafor IV
Fon of Mankon

Products and services offered by NTACCUL include;

Shares, Deposit account, Minors account, Group accounts, Savings account, Payment of salaries, Standing order, Overdraft facilities, Contract financing, Njangi financing, Money transfer services, Plot financing, Micro credits scheme, among others.

Ntarinkon Credit Union is a financial institution that has been existing since 1972 and can presently  boast of a membership of 92,210 as at December 2023.


Published by UPFRONT

January 2024

Call/WhatsApp 675376400 for Inquiries!

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