About Us

In its infancy, membership was optional and met with some hesitation; few fully understood the long-term benefits of the credit union concept. For several decades, the "Common Bond" remained exclusive, limited strictly to the paid employees of VRA, GRIDCo, and NEDCo.

To ensure sustainability and reach, the Union eventually broke its internal boundaries. The evolution of membership followed a strategic path:

1. Spouses of existing members were the first to be invited in.

2. Local institutions within the area of operation were then integrated.

3. The General Community was finally welcomed, a move that successfully brought in over 3,000 community members.

Over the last 54 years, the Union has transformed from a private staff fund into a household name within the Eastern Chapter. This growth necessitated a physical expansion beyond its Akosombo roots:

• September 2015: Launched the Somanya branch to serve the Krobo area.

• 2022: Established a presence in Koforidua, further solidifying its regional influence.

Today, Hydro Co-operative Credit Union stands as a diverse financial pillar, supporting not only the energy sector giants like Bui Power Authority but also SMEs, religious bodies, and thousands of private individuals across the region.