Search results for : Credit Unions
October 21, 2015
Pensions funds, credit unions among target investors for HoldingCo
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.
October 05, 2015
Freeport Office of the Public Workers Cooperative Credit Union Opens
The work of cooperatives in Grand Bahama received high praise from Minister for Grand Bahama, the Hon. Dr. Michael Darville
Credit union makes back-to-school donation
September 23, 2015
Credit union makes back-to-school donation
One of the seven worldwide principles of co-operatives is "the concern for community".
June 10, 2015
Central Bank assumes regulatory oversight of credit unions
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.
April 16, 2015
Bethel: Govt could be liable for losses from small credit unions
Since the government has provided a mechanism that exempts cooperative credit unions with assets less than a million dollars from what Free National Movement (FNM) Senate Leader and former Attorney General Carl Bethel termed "certain financial due diligence requirements", he said the government could be held "absolutely liable" for any losses depositors incur as a result of that exemption...
April 09, 2015
Senate Contribution by Senator, the Hon. Allyson Maynard Gibson QC Attorney General and Minister of Legal Affairs on The Bahamas Co-operative Credit Unions Bill
Madam President,
I am delighted to once again be able to stand in this very special place in order to lend support to the important work that we are doing on behalf of the Bahamian people...
Credit Union Chief Targets 1,000 Members
September 02, 2014
Credit Union Chief Targets 1,000 Members
BIRCCCU Launches New Debit Card & Health Insurance...
July 13, 2014
Credit union liquidation drags on as former members express frustration
A former member of the Cat Island Co-operative Credit Union Ltd. (CICCUL) has expressed frustration at continued delays in the union's liquidation, claiming that little progress has been made in nearly a year.
A former CICCUL member and advisory board member of the union's proposed Eleuthera branch told Guardian Business that he had invested over $30,000 in life savings in the union and had still ...
Concern over delay in credit union liquidation
January 09, 2014
Concern over delay in credit union liquidation
Members of the Cat Island Co-operative Credit Union Ltd. have expressed concerns over delays in the liquidation of the union, in which up to 400 people - primarily Cat Islanders - are thought to have had around half a million dollars invested.
Nathaniel Adderley, director of the Department of Cooperative Development, which regulates credit unions, said that the liquidation is underway but admitted...
Credit unions grow by 40 percent
November 21, 2013
Credit unions grow by 40 percent
Credit unions have experienced "significant" growth in assets of close to 40 per cent over the past five years, even as the overall economy struggled.
Recognizing that credit unions are "very important" providers of financial services in the country, the government has requested that The Central Bank of The Bahamas assume regulatory and supervisory responsibility for cooperative credit unions.
The...
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