Search results for : Credit Unions
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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.
He was addressing the World Council of Credit Unions and Caribbean Confederation of Credit Unions Conference at Atlantis Ballroom, Paradise Island on Sunday, July 29, 2019.
Prime Minister, the Most Hon. Dr. Hubert Minnis Addressed International Credit Union Organizations at Atlantis
Prime Minister, the Most Hon. Dr. Hubert Minnis addressed the Official Opening Ceremony of the World Council of Credit Unions and Caribbean Confederation of Credit Unions’ Conference at Atlantis, Paradise Island, Sunday evening, July 28, 2019.
DEPUTY Prime Minister Peter Turnquest this week opened the Grand Bahama Cooperative Credit Union's newest branch office in the Port Lucaya Marketplace.He said the company's decision to open a second branch signals not only an expansion for the compan
Deputy Prime Minister and Minister of Finance, the Hon. K. Peter Turnquest says that based on what he has seen over the years, he can affirm that the credit union concept is a safe and practical way for Bahamians to explore financial possibilities...
Since assuming responsibility for credit unions in June 2015, The Central Bank of The Bahamas (CBOB) has floated five draft risk management guidelines plus draft uniformed bylaws for industry consultation.
While Cable Bahamas Ltd. (CAB) has won the spectrum auction and must now satisfy the final preconditions for licensing, the Cellular Liberalization Task Force (CLTF) said the process has now begun that may end with cooperative credit unions, public and private pension funds owning a piece of the holding company that will own the company that gets the second mobile license.
The work of cooperatives in Grand Bahama received high praise from Minister for Grand Bahama, the Hon. Dr. Michael Darville
Central Bank of The Bahamas (CBOB) Governor Wendy Craigg yesterday welcomed the transition of the regulatory and supervision responsibilities for the country's credit unions from the Department of Co-operative Development to the Central Bank as a crucial step in further promoting the sector's impressive growth.