The UPSA Credit Union has declared 30 per cent of its surplus as bonus shares to members following an impressive financial performance in the 2025 financial year, during which the Union recorded significant growth across its key operational indicators.
The announcement was made at the Union’s 2025 Annual General Meeting (AGM) held on Thursday, May 28, 2026 at the LBC Auditorium, UPSA Campus.
The AGM brought together members, management, board representatives, and stakeholders of the Union to review the 2025 operational year and discuss measures aimed at strengthening the Union’s future prospects.
Delivering the Chairperson’s report, Prof. Mrs Philomena Dadzie stated that the gesture was a demonstration of the Union’s commitment to rewarding members for their loyalty, trust, and continued contributions towards the growth and sustainability of the Credit Union.
“The year 2025 marks our seventh year of operations and we are grateful with our progress and pray for improvement and extraordinary feats in the next five years,” she said.
Prof. Dadzie announced that the Union had achieved a Grade “A” status under the annual co-operative credit union classifications, describing the feat as a testament to the Union’s strong governance structures, prudent financial management, and commitment to excellence.
According to her, the Union’s assets grew by 36 per cent from GH¢3,821,782.13 in 2024 to GH¢5,183,397.11 in 2025.
“Savings also increased by 32 per cent from GH¢2,798,907.33 to GH¢3,706,087.61, while loans granted rose by 37 per cent to a total portfolio of GH¢3,241,315.27,” Prof Mrs Dadzie disclosed.
She further added that “Additionally, shares increased by 48 per cent to GH¢380,403.61, while investments recorded a 59 per cent increase to a portfolio value of GH¢1,606,613.99.”
The Union’s net surplus she said also witnessed a significant rise of 54 per cent from GH¢327,936.86 to GH¢505,557.45, representing 11.2 per cent of average assets compared to the industry standard of six per cent.
Deputy Chief Executive Officer of the Credit Union Association (CUA), Dr. Solomon Owusu Nyarko, commended the UPSA Credit Union for its impressive performance and adherence to sound governance practices.
He noted that the credit union sector in Ghana had experienced considerable growth in both assets and membership over the years, emphasizing the critical role annual general meetings play in ensuring accountability, democratic participation, and responsible leadership.
Dr. Nyarko further urged the leadership of the Union to maintain discipline, compliance, and sound governance to ensure sustainability and long-term growth.
“This is one of the best credit unions in the country in terms of efficiency and compliance,” Mr Nyarko stated. ”You may not be big in assets but your performance and financial discipline are exceptional, and I’m happy you also recorded zero loan delinquency. This is very commendable,” he added.
Also addressing members at the AGM, the CUA Regional Manager, Mr. Daniel Coffie, described the UPSA Credit Union’s performance over the years as worthy of commendation.
He noted that the Union had remained financially resilient and praised its prudent investment decisions, which he said had contributed significantly to its sustained growth and stability.
