Our Journey
The ASTCCU Story
From humble beginnings to a thriving credit union serving the community
1998
Foundation
Asawasi St. Theresa's Credit Union Limited was formed on 8th August, 1998 as a non-banking financial institution that offers financial service to its registered members in the form of deposits and loan schemes to ease the pressure that parishioners and the immediate community members put on the parish priest and church council when it comes to financial situations.
1998-2004
Early Years
The Union was started with all the church executives as at that time including the Rev FR. Joseph Yeboah as a Parish Priest before the church members joined. All the 5 board members, which included 1 office staff with the name Mr. Joseph Owusu Agyekum who were all church executives. The Union was in operation for six (6) years within the church premises in a small office with only 30 members.
2005
New Management
On the seventh (7) year, that was 2005, management realized that the Union was not growing and things were not working well so they decided to hand over the administration to new management with Mr. Peter Kwame Sarpong as Board Chairman and employed a full time staff in the person of Mrs. Regina Osei-Poku.
2005-Present
Growth & Registration
The new management saw the need to register ASTCCU under CUA and DOC in order to be regulated by these bodies to ensure long term sustainability of ASTCCU. ASTCCU is registered under the co-operative decree of 1968(NLCD 252), with registration number AR/P/FC/326 and it is also affiliated to the Ghana Co-operative Credit Union Association (CUA) Ltd.
ASTCCU continues to grow and serve our community with dedicated leadership
Our Governance
Leadership Structure
Asawasi St Theresa's Credit Union is governed by five (5) member board of directors and supported by a three (3) member loans committee and three (3) supervisory committee members.
Board of Directors
Five members elected during Annual General Meeting (AGM) to provide leadership and direction
Loans Committee
Three members who vet, approve or reject loan applications and monitor loans granted
Supervisory Committee
Three members serving as Internal Auditors to ensure all committees and staff perform duties correctly
30+
Staff Members
Including managers, cashiers, mobile bankers and field officers
3
Main Branches
Head Office and branches serving different communities
15+
Mobilization Centers
Reaching members across the Ashanti Region
25+
Years of Service
Serving our community since 1998