Of the Trust Saving Credit Union, through its three regional offices, have decided to provide affordable financial services to its members and the public.
Speaking to the Daily Observer in Ganta on May 12, Regional Manager Thomas M. Demawu said by 2020 the Trust Saving Credit Union will have branches in all major towns and villages in Bong, Lofa and Nimba counties.
He said the union is working to enable its members and the public to get affordable financial services.
Mr. Demawu added that in order to meet up with their goal, he recently broke ground to construct a union office in Foya City, Lofa County, where 300 of its members are based.
“We are building more facilities across our region so our members will have access to the mobile money system,” he added.
Mr. Demawu said: “The people in Foya are really happy with the construction of a branch in the commercial and booming border town of Lofa.
“Nearly all the workforce consists of our union members. They are providing free services and at the same time providing materials in cash and kind for the speedy construction of the project.”
The Trust Saving Credit Union has its head office in Ganta, Nimba County, with another branch in Tappita, where members are saving their money. The branch also provides mobile money transfer services.
Meanwhile, Mr. Demawu disclosed that the Trust Saving Credit Union is working out modalities with commercial banks in the country to provide Western Union or Money Gram services to its members.
The Trust Saving Credit Union is a group of local credit unions operating in Liberia. In 2012, the World Council of Credit Unions brought the idea of combining credit unions regionally as one body in order to ease financial activities among their members.
According to the manager, only union members can get credit; non-members are only eligible for mobile money transfer services.