St. Theresa's Co-operative Credit Union Ltd

St. Theresa's Co-operative Credit Union Ltd


2021 AGM

Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from St. Theresa's Co-operative Credit Union Ltd, Finance, St. Theresa's Catholic Church, Kaneshie, Awudome Roundabout, Accra.


*Asset vs Liability*

One day, the son of a rich man, who was an undergraduate,
approached his father and the following discussion took place.
Son: Dad, may I speak with you?
Dad: Go ahead.
Son: Among all my classmates, I am the only one without a car. It is
Dad: What do you want me to do?
Son: I need a car. I don't want to feel odd.
Dad: Do you have a particular car in mind?
Son: Yes dad (smiling)
Dad: How much?
Son: $16,000
Dad: I will give you the money on one condition.
Son: What is the condition?
Dad: You will not use the money to buy a car but invest it. If you
make enough profit from the investment, you can go ahead and buy
the car.
Son. Deal.
Then, the father gave him a cheque of $15,000. The son cashed the
cheque and invested it in obedience to the verbal agreement that he
had with his father.
Some months later, the father asked the son how he was faring. The
son responded that his business was improving. The father left him.
After some months again, the father asked him about his business
again and the son told him that he is making a lot of profit from the
When it was exactly a year after he gave him the money, the father
asked him to show him how far the business has gone. The son
readily agreed and the following discussion took place.

Dad: From this I can see that you have made a lot of money.
Son: Yes dad/
Dad: Do you still remember our agreement?
Son: Yes
Dad: What is it:
Son: We agreed that I should invest the money and buy the car from
the profit.
Dad: Why have you not bought the car?
Son: I don't need the car again. I want to invest more.
Dad:Good. You have learnt the lessons that I wanted to teach you.
You didn't really need the car, you just wanted to feel among. That
would have placed extra financial obligations on you. It wasn't an
asset then but a liability. Two, it is very important for you to invest in
your future before living like a king.
Son: Thanks dad
Then the father gave him the keys of the latest model of that car.

1. Always invest first before you start living the way you want.
2. What you see as a need now may become a want if you can take a
little time to get over your feelings.
3. Try to be able to distinguish between an asset and a liability so that
what you see as an asset today will not become a liability to you

The difference between the rich and the poor is that the rich look for assets while the poor look for liabilities..... .
Identify yourself
Build yourself
Be yourself and put your trust in God.

Stay Safe,Blessed And Fired Up To Succeed!


Photos from St. Theresa's Co-operative Credit Union Ltd's post


St. Theresa's Co-operative Credit Union Ltd's cover photo




St. Theresa's Catholic Church, Kaneshie, Awudome Roundabout
Other Finance in Accra (show all)
Lakeside Estate Lakeside Estate
Silver Star Tower Airport City.
Accra, 37766

Lakeside Estate is a leading real estate company specializing in affordable housing. Our homes cater for all.0302 775 043 ,0204775043 ,0204775040

Urgent loans to students. Urgent loans to students.
P. O. BOX LG 25
Accra, +233

Tiene Loan services is currently available to Legon students.

Lotto Superman Lotto Superman
Suit 504 Labone
Accra, 00233

We are purely seasoned forecasters who understand the pitfall in Ghana National Lottery Draw. Its purely Stake & Take.

Goldcyne Micro-credit Services Goldcyne Micro-credit Services
Agbogba Cosway

SIC LIFE Savings and Loans SIC LIFE Savings and Loans

We give Loans to government workers who recieve their salary through controller