NACCUG was formed and legally registered in August 1992 as the apex body for Cooperative Credit Unions in The Gambia and has the mandate to promote and support the development of credit unions across the country. It is licensed by the Central Bank of The Gambia as a Non-Bank Financial Institution. NACCUG is also a bonafide affiliate of the World Council of Credit Unions (WOCCU) based in Madison in the US.