Credit union

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March 09, 2011

Around 1,000 new accounts were opened at the National Workers Co-operative Credit Union (NWCCU) in the last year, buoyed by increases in customers likely turned away by the larger, risk-averse lending institutions.
That’s growth of around 18 percent, said its Chief Executive Officer Alfred Poitier, coming in the midst of what has been some of the tightest economic times in the country.
“In difficult economic times people tend to look more to a credit union,” he told Guardian Business yesterday. “It served us to a point, but the reality is we suffered the same major issues that the bigger financial institutions did, but we attempted to make good on a difficult s ...

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News date : 03/09/2011    Category : Nassau Guardian Stories

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