The Hydro Co-operative Credit Union says it will continue to leverage on technology to meet the rising demands of its customers.

According to the Board Chairman, Joseph Asare Keteku, the move will ensure efficiency and sustainable growth of the company.

Speaking at the 41st Annual General Meeting of the company, themed “Building and Sustaining the Hydro Credit Union Business, The Role of Key Stakeholders”, Mr. Keteku pointed out that the company will embark on partnership deals with other credit unions to expand it frontiers.

”The food for thought for all of us is that how do we sustain the credit union, as we reflect sober on issues, we will leverage technology, adapt new strategies and partner with other co-operative credit unions to expand our frontiers”.

Hydro Co-operative Credit Union asset base expanded from ¢111 million in 2019/2020 to ¢126 million in 2020/2021 financial year. Membership saving as of the end of the 2020 financial year also stood at ¢72 million.

Profit also went up to ¢7.7 million, from 5.5 million the previous year. 

This came despite the Covid-19 pandemic and the turbulence within the financial sector and the economy.

It however declared a dividend of 40% for shareholders.

Hydro cooperative Credit Union is owned by the staff of the Volta River Authority with a mission of helping members to attain a lifetime financial freedom through provision of unique blend of savings and loans at competitive rates as well as financial advisory services for the purpose of raising their standard of living whiles ensuring the long-term sustainability of the credit union