Abstract:
The study evaluated the contribution of credit unions contribution to community
development in Ghana. Contextually, the study focused on the financial development
of clients of a Credit Union. Clients in this study are referred to those customers that
are both shareholders and non-shareholders. This study used the case study as the
research design. A sample size of two hundred (200) customers was selected out of
the population. The study thematically used the customers as well as the staff of UEW
Credit Union. The sampling techniques that was used for data collection were
purposive and convenience sampling techniques. Purposive sampling was used to
select six (6) staff from UEW Credit Union while convenience sampling technique
was used in selecting customers as respondents. Findings indicated that most clients
deal with other financial institutions apart from UEW Credit Union. It was also found
out that, four main reasons people save with the credit unions are easy access to loans,
opportunity to realize bulk sum, attractive interest rate and ability to make regular
small deposits (susu), and revealed four main reasons why customers borrowed
money at the credit unions - for business liquidity support, asset acquisition,
education, and for business startups. The study recommends the promulgation of the
credit union laws to be able to expand their operations.
Description:
A thesis in the Department of Accounting, school of business, submitted to the School of Graduate Studies, in partial fulfillment of the requirements for award of the degree of Master of Business Administration (Accounting option) In the University of Education, Winneba
JULY, 2021
