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In an elective general assembly meeting (AGM) of the union at the Ntamulung Church Hall Bamenda on Saturday January 9, 2015, Musa Shey Nfor won 2294 of the 2300 votes cast, with six null votes recorded.
Madam Ngu Regina was also elected as Vice president of the Union to replace Mrs. Tamusang Elizabeth.
Tallah Jackson was maintained as chairperson of the Supervisory Board while Yengi Delphine was elected to the position of chairperson of the Women’s Committee to take over from Mrs Eunice Bongkisheri Mah.
Two other members are expected to be elected into the board from other parts of the country that does not include the head office. The current board members have a three year mandate to pilot the affairs of the Credit Union.
BapCCUL will run on a proposed budget of 1,976,337,921 FCFA in income and expenditure for 2016, up from 1,718,346,935 frs in 2015.
Like in previous years, loan interest alone will make up over 72 % of that amount totaling to 1.428 billion. Other major sources of income will include loan processing fees (146 million), interest from ST Loans (58.8 million) contributions from forms and stationery (58.2 million), contribution from salary operations (55.3 million) deposit fees and special withdrawal contributions (45.3 million) and league interest (43.1 million)
To gulp up this budget in terms of expenses are interest on savings (762 million), personnel expenses (321.8 million), insurance premiums (109.6 million) and provision expenses (101.3 Million).
BAPCCUL is the largest and most modernized credit union in Cameroon affiliated to the Cameroon Cooperative Credit Union League (CAMCCUL) network. It counts some 33,087 active members and groups spread across five regions of the country.
In 2015 BAPCCUL had a share capital of 996.8 million, savings of 13.4 billion, over 1.67 billion in deposits and a loan portfolio of over 14.5 billion FCFA.
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