Hydro Co-operative Credit Union

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  • Behind GCB- Akosombo
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Shares

Product & Service

Shares

Hydro Cooperative Credit Union offers shares as a key financial product, giving members a chance to invest in the cooperative. By purchasing shares, members effectively become part-owners of the credit union. This ownership comes with a stake in the union’s success, as members are not just customers but contributors to its growth and decision-making processes.

This product benefits both the individual member and the cooperative as a whole. On one hand, the funds raised through shares help the credit union grow, expand its services, and strengthen its financial base. On the other hand, members who invest in shares enjoy several financial advantages, such as receiving dividends (a portion of the credit union’s profits) and having access to better financial products, such as loans at lower interest rates.

Feature of shares

  • Ownership Rights

    By purchasing shares, members become co-owners of the credit union and gain voting rights, allowing them to participate in important decisions.

  • Affordable Investment

    Shares can be purchased at flexible and affordable rates, making it easy for members to increase their holdings over time.

  • Secure and Stable

    Shares are a safe investment, backed by the assets and success of the credit union, ensuring long-term stability.

  • Transferability

    Shares can be transferred to family members or other individuals, ensuring continuity of ownership.

  • Access to Exclusive Benefits

    Shareholders enjoy access to special financial products and services, such as preferential loan rates and tailored savings options.

Requirements of shares

  • Membership

    By purchasing shares, members become co-owners of the credit union and gain voting rights, allowing them to participate in important decisions.

  • Minimum Purchase

    There is a minimum number of shares that each member is required to purchase to qualify for ownership benefits.

  • Regular Contributions

    Members may be required to make regular contributions or payments to increase their shareholding or maintain certain privileges.