Bali Central Cooperative Credit Union Strengthens Loan Policy, Reduces Interest Rates

President speaking at the 57th AGM of BACCCUL

The Management of Bali Central Cooperative Credit Union have been applauded by its members for the innovative management of the credit union, the strengthening of the loan policy and the expansion of the credit union over the last one year.

The members testified of their satisfaction at the 57th AGM of the credit union on Saturday 7th February 2026 in Bali.

Key performance indicators show that the credit union was able to mobilize savings of 1.9 billion francs in 2025. Taking its total balance sheet to 13.7 billion, up from 11.2 billion.

Massive attendance at BACCCUL AGM

Bali Central Cooperative Credit Union will pay an interest rate of 6% for shares and a total of 331.4 million will be divided to members as interest on savings. 

The President of the union, Aghem Christopher Feh says the union is waxing strong despite the crisis and some delays recorded during the post electoral violence in the country. 

He mentioned that the eighth branch of the union was recently opened in Kumba while promotional committees have been created across all the branches to canvass for new members. A total of 1,138 new members were registered in 2025 bringing the total membership to 16,714 members.

GM, Gabila Abel Foncham 

BACCCUL according to its General Manager, Gabila Abel Foncham, has improved on its services, reasons why the mobilisation of members has been smooth.

The GM said the union has validated modifications to the loan policy which is meant to encourage economic operators. Meanwhile the loan interest has also been reduced for those using the salary code from the Ministry of Finance. 

The credit union plans to put into use the electronic banking system which will interconnect branches and facilitate the digital banking services of the union. As at this time, the union is doing the trial phase of the software which the President promises will go fully functional in 2026 to ease members transactions across all branches. 

The loan policy now carries the special savings facility and those who adhere to this scheme will pay an interest rate of just 0.5%. Bali Central Cooperative Credit Union has also reduced its interest above savings to 1% and 1.3% depending on the type of loan. A facility has also been put in place to educate members on the type of loans to take, how investments should be carried out, how returns should be paid to the union and the business can be sustainable. This will greatly reduce loan delinquency and keep businesses afloat.

Agricultural loans, business loans to economic operators, small and medium-sized enterprises, container-clearing loans and other loans facilities are offered at the credit union.

BACCUL still suffers from high loan delinquency, standing at 46.3% down from 51%.

The President, Aghem Christopher Feh explains that with the coming of the crisis, several loans were delinquent. The Board of Directors have taken measures to redress that by restructuring some loans, rescheduling some and re-financing others. In some rare cases, an amicable settlement has been done. To others who have vehemently refused to comply, the union has proceeded to court and have retained their collateral which will be sold to members in the days ahead.

Bali Central Cooperative Credit Union Limited plans to intensify recovery in 2026, sell the collaterals of delinquent members, invest member savings in less risky but profitable areas, complete the centralized programme and renovate the head office.

The credit union also have branches in Kumba, Douala Bessengue, Yaounde, Mutengene, Bamenda, Douala Bonaberi and Limbe with its Head office in Bali.

By 

Ndi Tsembom Elvis