By Albert Futukpor
Tamale, Aug. 31, GNA – The Tamale Community Co-operative Credit Union (TCCCU) has recorded growth across all its key performance indicators during the previous financial year (July 2025 to July 2026).
Members’ shares registered the highest growth of 41.58 per cent, total assets at 32.16%, and loan portfolio at 24.72%.
Membership grew by 10.86%, savings mobilisation grew by 19.79% and income also grew by 21.71% indicating strong growth in the TCCCU’s financial strength and member participation.
Mr David Yiridong Issaka, Board Chairman, TCCCU, said this when he presented the status report of the TCCCU at the TCCCU’s 18th Annual General Meeting (AGM) in Tamale.
The AGM was attended by members of the TCCCU and various stakeholders, including representatives from the Credit Union Association.
The AGM was held on the theme: “Sustaining Steady Growth in a Digital World: Harnessing Technology for a Stronger Future”.
Mr Issaka said membership increased from 5,606 in July 2025 to 6,215 in July 2026 representing an increase of 609 members or 10.86%.
He said the continued expansion demonstrated the confidence communities had in TCCCU and the quality of services provided to members.
He said member shares recorded the highest growth during the period rising by 41.58% from GH¢1,845,588.00 in July 2025 to GH¢2,612,992.70 in July 2026. The increase amounted to GH¢767,404.70.
He said the exceptional performance reflected the deepening confidence and commitment of members to the TCCCU and significantly strengthened its capital base positioning it to support further growth of the loan portfolio.
Mr Issaka said savings mobilisation increased from GH¢8,887,300.80 to GH¢10,646,256.75, representing growth of 19.79% and new savings of GH¢1,758,955.95.
He said the growth provided an important and stable funding base for lending operations and reflected increasing participation by existing and new members in the affairs of the TCCCU.
It commended members for continuing to entrust their savings to the Union and staff for their dedication to the achievement.
He said the TCCCU’s loan portfolio expanded from GH¢10,537,418.84 in July 2025 to GH¢13,142,524.60 in July 2026 representing an increase of GH¢2,605,105.76 or 24.72%.
He said the growth demonstrated that increased mobilisation efforts were being translated into greater lending activity in support of members’ aspirations.
Mr Isaaka added that during the period, loan disbursement increased from GH¢27.6 million in the 2024 financial year to GH¢35.76 million in the 2025 financial year representing approximately 29.56% growth.
He said for the period January to July, 2026 alone, the TCCCU had disbursed GH¢23.62 million to members.
He said if the pace was sustained, full-year 2026 disbursement could potentially reach GH¢40 million, a milestone that would represent another record year for the TCCCU.
He said income increased from GH¢1,248,722.10 in July 2025 to GH¢1,519,878.60 in July 2026 representing an increase of approximately GH¢271,156.50 or 21.71%
He said the growth confirmed that the expansion in lending and other operations was translating into stronger financial results and reinforcing the long-term sustainability of the Union.
Mr Isaaka touched on assets of the TCCCU saying total assets increased by 32.16% rising from GH¢15,604,590.56 in July 2025 to GH¢20,622,737.98 in July 2026.
He said the increase of GH¢5,018,147.42 represented significant expansion of the TCCCU’s balance sheet indicating deepening financial engagement by members and growing institutional capacity.
It noted that asset growth had outpaced membership growth, underscoring the increasing value each member was entrusting to the Union.
Mr Issaka described the overall performance of the TCCCU as “very strong” adding the figures presented a picture of healthy and balanced institutional growth.
GNA
Edited by Eric K Amoh/Benjamin Mensah
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