We proudly serve over 65,000 members

We strive to provide an array of financial products and services to satisfy all your financial needs.

WHO WE ARE

DORMAA AREA TEACHERS’ COOPERATIVE CREDIT UNION LIMITED (DATCCU) is a non-profit making financial institution that is owned by it members. The society stand for Voluntary and open membership, Democratic member control, Economic participation by members, Autonomy and independence. DATCCU is registered under the Co-operative Societies Decree NLCD 252 of 1969. It is also affiliated to Ghana Co-operative Credit Unions Association Limited (CUA) as a Co-operative Credit Union to do the business of deposit taking and investment. Accepting deposits and putting them at the disposal of members and financing the members’ credit facilities who may want to borrow.

We proudly serve over 65,000 members that have joined since the opening of the Union. We strive to provide an array of financial products and services to satisfy all your financial needs.

We are dedicated to providing convenient and competitive services to improve members’ standards of living.

As a member, you benefit with profits returned to you in the form of dividend, reduced loan rates, interest on Savings, interest on fixed/Special deposit and improved services. DATCCU is prompt, effective and professional in service delivery to members, Strive to maintain effective communication to all members, Strive to ensure the most competitive returns on member’s investment, Be fair, friendly and serve all members without discrimination, Be an equal opportunity employer, Be respectful, honest, transparent and accountable in dealing with all members. Be a good corporate citizen and responsive to community social welfare needs, Conduct its activities in an environmentally friendly manner, Uphold the virtues of loyalty, integrity and confidentiality, Strive to be innovative and comply with international standards. With these benefit you receive better overall value with the credit union than with other types of financial institutions. This is the Credit Union advantage!

Dormaa Area Teachers` Co operative Credit Union Ltd DATCCU like any other institution started from a meek beginning with a modest objective and a vision to become a financial hub for members and potential members that will guarantee their progressive development without economic pressure on their income. This desire brought fort DATCCU.

On the 12thMarch, 1996 at Agyeman Badu JSS [Agyesco], some members of GNAT, met to organised the union during the District GNAT council meeting under the Leadership of Mr. D R Asante, the then GNAT secretary. Members present were; Janet Benneh, L. Ayim Poakwa, Ofori Amanfo, Ofosu-A Fram, Justice Abdullai, Ohene Ntiamoah Evans, Owusu Achempong B., Mfodwo F. Mensah, Nana Kofi Peprah, C.K.Atta, Beatrice Owusu Ansah, Paulina Yeboah, Amoako Minta, Samuel Yeboah, Atta Kwasi, Kyeremeh Martin , B.L.Adu, A.K. Badu, Alhaji Musah Ansomanah, M.F. Mensah William Bekoe, Amo-Appiah, D.R. Asante, D.R. Peprah. and Janet Benneh The attendance of the meeting was 26 members. The 26 members agreed to reform the union after the collapse of Dormaa District Teachers` (DDT) .They selected an interim committee on the 2nd April 1996 to educate teachers to join the union.

The interim committee members were; Mr. E.K. Baah [chairman], Mr, A.Y. Abaogye [secretary] and Mr. M.Y. Mayer [member]. It was a difficult task for the committee because some of the members of the collapsed DDT had a mix feeling of joining the new born union. The committee far-reaching education gave birth to the current Dormaa Area Teacher’s Co-Operative Credit Union (DATCCU). Mr. D.R. Asante was the general supervisor and manager for the interim formation of the Union from 12th March, 1996 to April, 2nd 1996. The committee continue to educate teachers all around Dormaa Area. The Committee agreed to pay 2000 Cedis which is present day 20 Ghana pesewas as an entrance fees.

FIRST AGM
The FIRST AGM of DATCCU was held at Roman Catholic Church, Dormaa-Ahenkro on 13th May, 1996. With the help of the District Co-Operative Officer Mr. Osei during that AGM, the first BOD and other committees were elected.

EMPLOYEES
The first BOD employed Adu Twumwaa Faustina, Osei Bonsu and Patricia. The committee work hand-in-hand towards the improvement of the union.

Later, Faustina and Osei resigned to continue their education.

The BOD employeed Elvis Adu-Gyamfi as manager, and Patricia Nyaaba as book keeper. Elvis also left for further studies leaving Patricia, due to that the BOD employed Mr. C S K Kuma a retired teachers as a contract staff to support the operations of the union. Later, it became necessary to have another person as manager. The Board advertised the vacant post on the Air waves including Radio B.A.R. The Applicants were interviewed by the Board and Dr. Ameyaw Yeboah James, who was in the Techiman District, was eventually appointed as the new manager of the credit union. Dr. Ameyaw Yeboah James had once taught at Pampaso R/C JHS before leaving for the Sunyani Polytechnic for further studies. Shortly after the assumption of office of Dr. Ameyaw Yeboah James, a new Board, chaired by Mr. Amo-Budu was ushered in, to take over from Mr. Amo Appiah.

The new manager, Dr. Ameyaw advised against the former Board’s decision to stop the payment of loans and taking of savings through the Controller and Accountant General’s Department. The Board had then taken this decision due to some inherent problems associated with it. Consequently lists of all the members were sent to the Accountant General’s Department for deletion. Surprisingly, all the names went off except that of three members, one Mr. Tetteh and two other female teachers, Mad. Baah Theresa and Mad. Theresa Badu. This later turned out to be a blessing in disguise. Dr. Ameyaw insisted on vitalizing membership base through the three people.

It became easier to insert the names of new members once again since the union still had its code with the Accountant General’s Department, because of the three remaining names. Dr. Ameyaw Yeboah James took over office then with three memberships on Controller and Accountant General’s Department

Today Dormaa Area Teachers` Cooperative Credit Union is boasting of nine (9) branches. Head office at Dormaa Ahenkro in between Ghana Fire Service and Library, Wamfie adjacent Kitiwa spot. Nkrankwanta along Kaase road, Drobo opposite VRA. Goaso opposite Goaso Hospital. Sampa behind the market, Kasapin behind the lorry station Ahibenso and Amasu opposite the lorry station and Adabokrom and a membership about 65,000 across our catchment area.

The union has read its success story through following Co-operative Principles:

  • Voluntary and open membership.
  • Democratic member control.
  • Economic participation by members.
  • Autonomy and independence.
  • Education, training and information.
  • Co-operation among co-operatives and
  • Concern for community in general.

After more than 20 years of groundbreaking achievements, DATCCU is now embarking on a major process of evolution to adapt to the dramatic changes in the financial world in which we operate to increase the profitability of our members and potential members.

Dormaa Area Teachers’ Co-operative Credit Union Ltd. is a financial organization which seeks to render financial and technical service to its member and to promote the economic and social well-being of members and the community at large and to ensure its sustainability.

Our vision is to become a strong and sound financial hub for members and potential members that will guarantee their progressive development without economic pressure on their income.

1.   To mobilize Savings from members with the purpose of ensuring that members build up Savings for a better Standard of living both now and in the future.

2.   To pay back Savings on demand to members with interest at competitive rates.

3.   To invest the mobilized Savings prudently and profitably in risk free investments only.