National Association Of Cooperative Credit Union Of The Gambia

What National Association Of Cooperative Credit Union Of The Gambia does

The National Association of Cooperative Credit Unions of The Gambia (NACCUG), founded in August 1992 and headquartered in Kanifing, is the sole licensed apex body for cooperative credit unions in The Gambia. It is licensed by the Central Bank as a Non-Bank Financial Institution and is a bonafide affiliate of the World Council of Credit Unions (WOCCU). The organization serves 54 active credit unions and over 123,000 individual members across the country through both work-based (teachers, police, healthcare, telecom, airport staff) and community-based credit unions.

NACCUG's core technology is the proprietary NACCUGSoft Core Banking System, developed in-house and deployed across 28 credit unions, complemented by a Shared Branching platform (over 8 million dalasis disbursed since 2015) and a Mobile Wallet digital payment system piloted across six credit unions for salary payments, transfers, and utility bill settlement. Its product portfolio also includes the accredited NACCUG Training Academy, the Central Finance Facility (CFF), auditing and compliance services, a Management Information System (MIS), field services, and donor-funded microenterprise programs (TEKKI FII, MESSI, RICAR).

Revenue is generated through a mix of recurring affiliation and membership fees, mandatory CFF investments from member credit unions (10% of total savings plus share purchases), training hall rental (D3,500 per event) and training programs under the Credit Union Management Professional (CUMP) framework, managed-services-style donor grant administration, and Shared Branching and Mobile Wallet transaction activity. The organization distributes services exclusively through its affiliated credit union network within The Gambia.

Name

National Association Of Cooperative Credit Union Of The Gambia

Legal name

National Association of Co-Operative Credit Unions of The Gambia

Website

https://naccug.com

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

11–50 employees

Short description

NACCUG is the licensed apex body for cooperative credit unions in The Gambia, serving 54 affiliated credit unions and over 123,000 members through a proprietary core banking platform, shared branching, mobile payments, training, and donor-funded financial inclusion programs.

Ownership category

akta.pro rank

Headquarters

HQ city

Bakau, Kanifing Municipality

HQ country

Gambia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Credit Union Affiliation and Membership Fees: Credit unions pay affiliation fees to NACCUG upon registration, including requirements to acquire shares and invest in the Central Finance Facility (CFF). Annual dues are collected from affiliated credit unions. Minimum affiliation obligations include 10% of total savings invested to NACCUG CFF and two shares of D5,000 each (D10,000 total).
2. Training Academy Services: NACCUG operates a Training Academy that provides capacity-building training for credit union professionals. The academy also rents its training hall to the public at D3,500 per day, with facilities for conferences and workshops accommodating up to 100 people.
3. Training Hall Rental: The NACCUG Training Hall is available for rental to the general public at D3,500 per event. It includes facilities such as AC, projectors, cafeteria, and audio equipment.
4. Central Finance Facility (CFF): NACCUG operates a Central Finance Facility where affiliated credit unions are required to invest a percentage of their savings, providing NACCUG with a funding stream and enabling liquidity management across the credit union network.
5. Donor-Funded Project Implementation: NACCUG implements donor-funded projects including TEKKI FII (EU-funded), MESSI (German-funded), RICAR (WFP-funded), and microenterprise support (GIZ/ECOWAS). NACCUG serves as signatory and implementing partner for these projects, managing grants and microenterprise support.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels10 records

Core offering

NACCUG is the apex body for cooperative credit unions in The Gambia, licensed by the Central Bank as a Non-Bank Financial Institution. It provides affiliated credit unions with proprietary core banking technology (NACCUGSoft), a shared branching platform, a Mobile Wallet digital payment system, a Central Finance Facility, auditing and compliance frameworks, field services, and an accredited Training Academy. The organization also administers donor-funded microenterprise and youth entrepreneurship programs (TEKKI FII, MESSI, RICAR).

Product overview

NACCUG operates as a platform of interconnected financial services and technology solutions for credit unions in The Gambia. The core technology offering is NACCUGSoft, a proprietary core banking system deployed at 28 credit unions, supplemented by the Mobile Wallet digital payment platform enabling mobile transactions and bill payments. NACCUG's flagship Shared Branching product allows credit unions to share infrastructure, while the Training Academy provides accredited professional development. Additional services include Field Services (on-site support), Central Finance Facility (liquidity management), Auditing, and Management Information Systems. NACCUG also administers grant programs including MESSI and Tekki Fii for youth entrepreneurship support.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• Over 123,000 credit union members across The Gambia as of April 2026
• +4 more outcomes

Named customers8 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core.

• World Council of Credit Unions (WOCCU)coreStrategic or Co-development PartnerNACCUG is a bonafide affiliate of the World Council of Credit Unions (WOCCU), based in Madison, Wisconsin, USA. WOCCU is the primary international governing body for credit unions globally. NACCUG's CEO Foday Sanyang received the prestigious I-CUDE (International Credit Union Development Educator) designation at the 2025 WOCCU Conference in Stockholm, Sweden. NACCUG participates in WOCCU conferences and leverages the affiliation for international credibility and best practice exchange.
• African Confederation of Cooperative Savings and Credit Associations (ACCOSCA)coreStrategic or Co-development PartnerACCOSCA is the African regional confederation for cooperative savings and credit associations. NACCUG's CEO Foday Sanyang serves as Technical Director for ACCOSCA. NACCUG participates in ACCOSCA's regional forums (Western Block), SACCA Congresses, and ADE training programs. ACCOSCA organizes the African Women's Forum, regional block meetings, and development education programs. NACCUG hosted the Africa Development Educators (ADE) program in September 2021.
• Central Bank of The GambiacoreStrategic or Co-development PartnerNACCUG is licensed by the Central Bank of The Gambia as a Non-Bank Financial Institution. The Central Bank conducts direct regulation of the 12 largest credit unions and collaborates with NACCUG for capacity-building training. The First Deputy Governor of the Central Bank participates in NACCUG's stakeholder conferences and NACCUG engages with the Central Bank on regulatory matters.
• German Sparkassenstiftung / DSIK (Sparkassenstiftung für Internationale Kooperation)coreStrategic or Co-development PartnerDSIK (German Sparkassenstiftung) signed a three-year Project Agreement (2021-2023) with NACCUG. DSIK supports the NACCUG Training Academy through strategic workshops, Training of Trainers on Micro Business Game, Credit Unions Professional Management Training programme, and a regional meeting bringing together partners from Ghana, The Gambia, Sierra Leone, and Senegal. An MOU was signed with GPFCCU and MHSCCU for credit schemes with DSIK technical support.

Scale indicators6 records

Recent moves8 records

Expansion highlights5 records

Others

• Mambu: Mambu is a SaaS core banking platform used by credit unions and savings institutions globally. While not an apex body, Mambu competes indirectly with NACCUGSoft in the African credit union core banking market — making it an adjacent enabling/competing technology peer.
• Tanzania Federation of Cooperatives (TFC): TFC is a Tanzanian apex body coordinating cooperative organizations including SACCOS. While broader in scope than NACCUG, it serves an analogous apex function for cooperative financial inclusion in East Africa, useful as a structural comparator for apex governance models.
• Cooperative Bank of Kenya: Co-operative Bank of Kenya is the largest cooperative-affiliated commercial bank in Africa. While operating as a single bank rather than an apex, it shares NACCUG's cooperative DNA and serves as a model for what apex-coordinated cooperative banking could scale into across Africa.

Regional players

• Liberia Credit Union National Association (LCUNA): LCUNA is the Liberian national apex for credit unions, where NACCUG Deputy CEO Patrick Mendy provides technical support. LCUNA is structurally and operationally analogous to NACCUG at a single-country West African level.
• Ghana Cooperative Credit Unions Association (CICU): CICU is the Ghanaian cooperative credit union apex. NACCUG's IT Director has provided FinTech and digital financial training consulting to Ghanaian credit unions, and Ghanaian delegates have visited NACCUG to study NACCUGSoft — making it a directly comparable West African peer.
• Malawi Credit Union Apex Association: The Malawi Credit Union Apex Association is the Malawian cooperative credit union apex body, which has conducted study tours to NACCUG's headquarters to learn about the Gambian model, NACCUGSoft, and shared branching — evidencing direct operational comparability.
• Sierra Leone Credit Union Movement / NaCCUA: NaCCUA is the Sierra Leone apex body for cooperative credit unions — a direct West African peer where NACCUG has already deployed NACCUGSoft General Ledger and provided technical consulting to member CUs (Moyamba Teachers, Tawapanneh).

Direct peers

• Kenya Union of Savings and Credit Cooperatives (KUSCCO): KUSCCO is the Kenyan national apex body for SACCOs (Savings and Credit Cooperative Societies), serving an analogous function to NACCUG in The Gambia — providing training, supervision, technology, and advocacy for affiliated cooperative financial institutions across a single African country.

Broad incumbents

• African Confederation of Cooperative Savings and Credit Associations (ACCOSCA): ACCOSCA is the continental apex body for African cooperative savings and credit associations. NACCUG's CEO serves as ACCOSCA Technical Director, evidencing direct organizational linkage. ACCOSCA's role in coordinating ADE training and regional block meetings parallels NACCUG's national apex functions at the continental level.
• World Council of Credit Unions (WOCCU): WOCCU is the global umbrella organization for credit unions, of which NACCUG is a bona fide affiliate. While WOCCU operates internationally rather than at a single-country apex level, it shares NACCUG's mission of promoting cooperative finance and sets the frameworks (e.g., CUMP, PEARLS) that NACCUG deploys.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/NACCUG
• TikToktiktok.com/@creditunionsgambia?is_from_webapp=1&sender_device=pc
• LinkedInlinkedin.com/company/national-association-of-cooperative-credit-union-of-the-gambia

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

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M&A

Investments

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