Who we Are !!
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
Brief History
Hydro Co-operative Credit Union is a financial institution established by the staff of Volta River Authority (VRA) in March 1971. It is thus member-owned, member-controlled, and member-financed under the Co-operative law of Ghana.
Initially, membership was optional, but over the years, the staff were encouraged in diverse ways to join. Very few understood the concept and got on board at the initial stage. For several years, the credit union membership was limited to paid employees of the VRA, Ghana Grid Company Limited (GRIDco), and NEDCo.
To diversify its membership base, the Common Bond was opened first to spouses of members, then to institutions within the area of operation, and finally to the community, which has generated a community membership of over three thousand (3000).
Over the past 52 years, the Union has grown to be a household name in Akosombo and the Eastern Chapter as a whole as far as Credit Union operations is concerned. The credit union now has a membership population of over 8,000, comprising VRA, GRIDCo, and Bui Power Authority staff, which form the majority of the members.
The membership now includes other government and private institutions, individuals, churches, Small and Medium Scale Enterprises (SMEs). The total assets base to date is over seventy-two million Ghana cedis. Having been able to establish operations in Akosombo, we have expanded attractive operations to prospective members in the surrounding areas by opening branch offices in Somanya in September 2015 as well as Koforidua in 2022.
Vision Statement
The Hydro Co-operative Credit Union seeks to become the leading Credit Union in Ghana.
Mission Statement
Hydro Co-operative Credit union is committed to assisting members to attain a life-time financial sustainability through the 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 whilst ensuring the long term viability of the Credit Union.
Objective
The objective of HCCUL is to design savings and loans products that are comparatively lesser in pricing than those provided by the Financial Institutions in Ghana. It is aimed as much as possible not to be profit oriented but sustainable service oriented. The products are designed in segments to address the specific needs of the targeted customers being workers, Market women, Traders, famers etc..
Value Statement
Members First
Members' interests are paramount in everything that we do.
Team Work
We do our work well and we assist each other to achieve our goals.
Commitment
We are responsible and we commit to serving members.
Integrity
We can be trusted and we stand by our word.
Confidentiality
We understand that certain issues are private to members and we keep them as such; we don't disclose members' information to third parties.
Accountability in Good Governance
We do our work well and we assist each other to achieve our goals.
Technological Mindset
We are responsible and we commit to serving members.