Co-operative Credit Union Regulations, 2015 (L.I. 2225)
Regulation 4: Functions of a Co-operative Credit Union
A Co-operative Credit Union shall
(a) accept deposits from members of the Co-operative Credit Union;
(b) with the approval of the Bank, provide computerised banking services, including the operation of automated teller machines, telephone banking, internet banking, inter-Credit Union networks and smart cards to members of the Co-operative Credit Union;
(c) grant loans to members of the Co-operative Credit Union;
(d) operate branches of the Co-operative Credit Union;
(e) provide safety deposit services to members of the Co-operative Credit Union;
(f) act as a trustee or an executor, where the Co-operative Credit Union is authorised by the Registrar to provide that service;
(g) offer credit card and payment card services;
(h) perform other functions incidental to the purpose of a Co-operative Credit Union; and
(i) perform any other functions prescribed by law or approved by the Bank.
Subject : Co-operative credit unions
Procedure to Follow
Not Avaiable
Responsible Institution
28th February Road, Finance Drv, Accra
- Email: info@mofep.gov.gh
- Website: www.mofep.gov.gh
- GPS: GA-144-2024
- Telephone: +233 302 747 197
Relevant Forms to Download
Not Available
Online System
Link Unavailable
Fees/ charges
Not Avaiable
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