Browsing by Author "OSEI-TAWIAH, SAMUEL"

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    EVALUATING THE PERFORMANCE OF NSOATRE COOPERATIVE CREDIT UNION BETWEEN 2010 AND 2014
    (July, 2015) OSEI-TAWIAH, SAMUEL
    This study was conducted to evaluate the performance of the Nsoatre cooperative credit union. The objective of the study was to examine the credit union‘s operations; assess the loan performance of the credit union; examine the sources of deposits of the union and how the union raises funds and the utilization of their funds mobilized. The research was purely an exploratory; for the information and operations of credit unions are not widely circulated coupled with little literature especially in print media in the District. The research design adopted for the study includes face- to- face structured interviews and administration of questionnaires. Purposive sampling technique was adopted for the study simply because the 9 sample selected who were also respondents were considered to have in-depth knowledge of the problem studied. Notable among the findings for the study include low disbursement rate. The operations of the union were not the best hence they need more training and support to enhance their effectiveness and competiveness. The credit union was found to be performing well in mobilizing savings and raising funds for investment, yet the cooperative was beset with high loan loss and weak credit administration though it significantly improved in the 2014 financial year. In conclusion, the study revealed that between 2010 and 2014, the union performed well in mobilizing deposits; the cooperative union invested the funds prudently to ensure maximization of returns and they improved tremendously in rescuing their loan loss rate. The loan recovery rate was good although the loan selection criteria were weak. The disbursement rate was also low because of the union‘s unwillingness to take much risk. However, this could be an encumbrance to the union in fulfilling its mandate of providing financial support for their members. The union needed to improve their systems and structures to help make the organization effective in the discharge of its mandate.