Saturday, April 20, 2024

Credit union holding on

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WHILE the Barbados Public Workers’  Cooperative Credit Union Limited is holding  its own during the current economic recession,  it may begin to face serious problems should unemployment rates rise.
President Glendon Belle told the DAILY NATION, after a 43rd anniversary service at St Stephen’s Anglican Church, Black Rock, St Michael, that delinquency could become a problem.
“I can safely say we have been able to keep delinquency under control so far. We are not resting  on our laurels but you can see signs where it can  get worse.
“If the unemployment situation gets worse, it will have an impact – but right now, we are doing everything that is practical to keep it within a standard that we feel comfortable with,” he said.

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