About us · Est. 1972
Ghana's happy family since 1972
KAMCCU began with the staff of Ghana's credit union association as its nucleus, opened its doors to the community in the early nineties, and today welcomes members from all over Accra and beyond — including children. This is our story.
Our journey
From Jirapa to Adabraka
KAMCCU is part of a movement that started in a small Upper West town and grew into a worldwide network of member-owned financial co-operatives.
- 1955
The seed at Jirapa
The first credit union in Ghana — and on African soil — is formed at Jirapa in the Upper West Region by Rev. Father John MacNaulty, an Irish-Canadian Catholic priest, with 40 founding members.
- 1968
A national movement
The idea spreads through communities and workplaces until a national association — now CUA Ltd. — is formed at a conference in Tamale, in the Northern Region.
- 1972
KAMCCU is born
KAMCCU Co-operative Credit Union starts with members of staff of the Ghana Co-operative Credit Unions Association (CUA) Ltd. as its nucleus.
- Early 1990s
Open to the community
KAMCCU opens up to the neighbourhood and the wider community — membership grows across Accra and beyond. All manner of persons, including children, can be members.
- Today
Three branches, one family
KAMCCU serves members from KAMCCU House in Adabraka plus branches in Kasoa and Amasaman — still member-owned, still one member, one vote.
Mission
Why KAMCCU exists
KAMCCU Co-operative Credit Union Limited is a financial co-operative institution with membership from the Accra Metropolis and its environs. Its purpose is to offer competitive financial services to its members so as to improve upon their standards of living.
Registered co-operative GAR/NC/153 · Affiliated to CUA — the Ghana Co-operative Credit Unions Association
Core values
Seven values, one family
Professionalism
Expert service delivered with trust and care at every step.
Transparency
Open, accountable communication in every KAMCCU process.
Integrity
Steadfast honesty and ethical conduct in every dealing.
Accountability
We answer to our members — every decision, every cedi.
Equity
Fair treatment for every member of the family, without exception.
Social Responsiveness
We invest back into the communities that built us.
Institutional Inclusiveness
Every voice counts in a member-owned cooperative.
Governance
Run by members, for members
KAMCCU holds a General Meeting with members every year, where all members are expected to attend and take part in the discussions. The union is governed by the committee system — the Board of Directors, the Loans Committee and the Supervisory Committee — all elected from the general membership at the AGM.
Board of Directors
Sets strategy, approves policy and represents members between Annual General Meetings.
Meet the Board →Loans Committee
Reviews and approves member loans fairly and independently of management.
See the committee →Supervisory Committee
Safeguards internal controls and keeps every cedi accountable to the membership.
See the committee →The credit union idea
New to credit unions?
Credit unions are not banks — they are people, united by a common bond, saving together and lending to one another. Here is the idea in plain language.
Our movement
- KAMCCUYour credit union in Accra
- CUA GhanaNational apex body, 11 regional chapters
- ACCOSCAAfrican confederation of savings & credit
- WOCCUWorld Council of Credit Unions
What is a credit union?
A credit union is a voluntary self-help organization of people, united by a common bond, who agree to save their money together and give loans to one another at competitive rates of interest for both productive and provident purposes.
What is a common bond?
A common bond is that pre-existing condition which causes the members of a group to associate together, to know each other, to have common interests and purposes, and consequently to be willing to work together to achieve group objectives. A group has a common bond when the members attend the same church, have the same employer, or live in the same locality or vicinity.
Who can form a credit union?
Any group of people united by a common bond may form a credit union — persons living in the same community; people in the same profession such as teachers, nurses or artisans; or people in the same church, group, association or workplace.
What are the aims of a credit union?
To encourage the habit of regular savings among members; to provide credit at competitive interest rates to needy members; to educate members in the management and wise use of money; to create opportunity for members to care for one another; and to express concern for the community.
Who owns and controls a credit union?
The members. All credit union members meet once a year at an Annual General Meeting, where they elect their committees from among themselves and make decisions regarding the credit union. The members, therefore, own and control their credit union.
Go deeper
More about KAMCCU
Corporate profile
Our full history, governance and the story of credit unions in Ghana.
Read more →Board of Directors
The seven members elected at the AGM to steer KAMCCU between meetings.
Read more →Committees
Supervisory, Loans and Education committees — the checks and balances of the family.
Read more →Partners
CUA Ghana, ACCOSCA and WOCCU — our movement from Accra to the world.
Read more →Bye-laws & policies
One member, one vote — how democratic governance works at KAMCCU.
Read more →