Menji Credit Union to fete 31 years of financial stability at AGM February 23.

According to a release from the management of MECCUL, the highly anticipated AGM will be a historic moment to brief members on the road the credit union has covered so far. The AGM will also see the reliable credit union adopt a roadmap for 2025. 

The management said top among the achievements of MECCUL is its financial stability that has stood the test of time in the last three decades and still counting.

Management also said it is looking back in amazement that as the first credit union in Lebialem Division of the South West Region, MECCUL has grown into a veritable instrument of poverty alleviation.

With seven branches and digital services including the payment of the salaries of civil servants, officials said MECCUL has also gone further to be offering services to members in the comfort of their homes.

In this light, it prides itself of using technology to bring services to its ever-growing members; indicating that top among them is that “you receive your salary at home because we bring it to your doorsteps through our digitalised services”.

The institution also said MECCUL has grown to become “the most reliable partner for business”, adding that it has “a high and assured liquidity, pre-notification for savings withdrawals” to just three days “without any charges”.

The release also indicated that during the February 23, 2025, AGM, MECCUL will vote a new leadership. “This is a credit union where members have equal rights to vote and be voted for. MECCUL puts the members’ hopes, dreams and needs above all through sustainable and flexible services,” it detailed. 

When it comes to interest on loans, the management of the microfinance institution said: “MECCUL has one of the lowest interest on loans that you can think of because our rates range from 1 % to 1.7% across our different categories of loans”.

This article was first published in The Guardian Post Edition No:3368 of Monday February 17, 2025