MINISTER OF FINANCE Chris Sinckler has urged credit unions to guard against complacency in the management of their multimillion-dollar assets.
He gave the advice on Saturday at the opening of the City of Bridgetown Co-operative Credit Union Ltd’s (COB) Carlton, Black Rock branch.
“In spite of the fact that you are considered non-profit organisations, safety and soundness are paramount, given your fiduciary duty,” he told the gathering.
“Oversight responsibility of assets totalling over $400 million is by no means a minor task or one where complacency should be allowed to set in. (TY)
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