Mmuock Leteh Cooperative Credit Union Ltd (MuleCCUL) is a  credit union in Cameroon with headquarters in Ntemndzem that operates based on the principles of cooperation and mutual assistance. MuleCCUL provides financial services to its members, emphasizing savings mobilization, credit provision, and other related services. Here are some key features and functions of MuleCCUL:

• Membership: MuleCCUL is open to individuals, groups, or organizations that meet the eligibility criteria set by the credit union. Members usually share a common bond, such as being part of a specific community, profession, or organization.
• Cooperative Structure: MuleCCUL operates as a member-owned and member-governed institution. The credit union follows the cooperative principles, with each member having an equal say in decision-making processes. Members elect a board of directors and other committees to oversee the credit union’s operations and ensure democratic control.
• Savings and Deposits: MuleCCUL encourages its members to save by offering various savings products and services. Members can deposit their savings into their MuleCCUL accounts, which helps promote financial stability and cultivates a savings culture among members.
• Credit and Loans: MuleCCUL provides credit facilities to its members based on their savings and creditworthiness. Members can access loans for different purposes, including business investments, education, housing, or personal needs. MuleCCUL aims to offer affordable and accessible credit to its members, often at competitive interest rates.
• Financial Services: In addition to savings and credit, MuleCCUL may offer a range of financial services to its members. These services can include insurance products, money transfers, electronic payment services, and financial education programs to promote financial literacy and empower members to make informed financial decisions.
• Regulatory Framework: MuleCCUL, like other credit unions in Cameroon, operates under the regulatory oversight of the Ministry of Finance, specifically the Directorate General of Cooperatives, Mutuals, and Non-Governmental Organizations (DCMONG). This regulatory framework ensures compliance with legal and prudential requirements to protect the interests of members and maintain the financial stability of the credit union.

MuleCCUL plays a crucial role in providing financial services to its members, promoting financial inclusion, and contributing to the economic well-being of its community. By fostering cooperation, encouraging savings, and providing accessible credit, MuleCCUL supports its members in achieving their financial goals and improving their livelihoods.

Thank you to the Board of Directors of MULECCUL (M’muock Leteh Cooperative Credit Union) for honouring me with this project to create the MULECCUL Anthem. MULECCUL is finally here.

Queenzy, 21 Jun 2021(Source: YouTube)