By: Nyima Sillah
Mr. Malang N. Fofana chairman of the Medical and Health Services Co-operative Credit Union, Saturday disclosed at the Union’s AGM has said the MHSCCU’s overall balance sheet grew by D29,363,717.00 (Twenty-Nine Million, Three Hundred and Sixty-Three Thousand, Seven Hundred and Seventeen Dalasis) in 2019 resulting to 35% growth compared to 2018.
“In 2020, the overall balance sheet grew by Twenty-Eight Million, Four Hundred and Thirty Eight Thousand, Nine Hundred and Ninety-Eight Dalasis (D28, 438, 998.00) resulting to 25% growth compared to 2019,” Fofana disclosed.
According to him, Part of the key activities successfully undertaken in 2019-2020 include: the procurement of a standby generator for the MHSCCU headquarter; recruitment of seven additional tellers; recruitment of a Finance and Admin Manager; recruitment of two security guards as well as security PIU armed men; installation of a CCTV camera at the headquarter; procurement two fleets of vehicles among others.
Meanwhile, Agnes Njie Gomez, General Manager of MHSCCU, said: since the construction of a water borehole and procurement of a standby generator, there has been consistent water and electricity supply at the MHSCCU Headquarters and this has strengthened service delivery to the beloved members in a more efficient manner.
She added that the two vehicles procured have enhanced their routine services including facilitating timely bank transactions, sensitization and payment of loans and salaries across the country among others.
“On behalf of the management and staff of MHSCCU, I want to reaffirm that we would be very committed to making our Credit Union the largest in the country where members will continue to benefit from a wide range of products and services that are competitive but of high quality as well,” she said.
She went on saying the committee stated that even though 2019-2020 was a challenging period with the advent of COVID-19 which affected all aspects of businesses and transactions in great detail, achievements were registered as well as setbacks which required adjustments to improve the weaknesses.
Adding that 2019-2020 calendar report indicated, the supervisory committee had held all their quarterly sittings successful.
