Abstract:
The role of Credit unions in Ghana cannot be overemphasized. This motivated the
researcher to investigate and establish the impact of credit union operations on its
members’ development. To achieve this, quantitative approach through the use of
explanatory design was adopted. Questionnaires with reliability alpha coefficient
of 806 were used to collect responses from selected respondents. The data were
analysed with the help of the Statistical Package for Social Sciences (SPSS version
23) software. Two hundred (200) teachers were selected through the use of the
simple random technique. The findings from the study revealed that among the
challenges teachers face includes the poor location of the credit union; delay in
given loans, lack of trust in the Credit Union services. Again, it was unravelled that
that majority of the teachers are not satisfied with the benefit they derived from the
Credit Union. Finally, the study revealed that an improvement in the quality of
services rendered by credit union has a positive effect on the development of its
members.The role of Credit unions in Ghana cannot be overemphasized. This motivated the
researcher to investigate and establish the impact of credit union operations on its
members’ development. To achieve this, quantitative approach through the use of
explanatory design was adopted. Questionnaires with reliability alpha coefficient
of .806 were used to collect responses from selected respondents. The data were
analysed with the help of the Statistical Package for Social Sciences (SPSS version
23) software. Two hundred (200) teachers were selected through the use of the
simple random technique. The findings from the study revealed that among the
challenges teachers face includes the poor location of the credit union; delay in
given loans, lack of trust in the Credit Union services. Again, it was unravelled that
that majority of the teachers are not satisfied with the benefit they derived from the
Credit Union. Finally, the study revealed that an improvement in the quality of
services rendered by credit union has a positive effect on the development of its
members.
