Friday, April 19, 2024

Credit unions urged to flex muscles

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CREDIT UNION MEMBERSHIP should not be just about getting loans and making deposits, but should be an avenue for investment in businesses and other productive ventures.

President of the Barbados Workers’ Union Co-operative Credit Union (BWUCCU), Dalton Medford, is calling on the more than 160 000-strong membership of the local credit union movement, to flex their muscles, particularly now that Barbados was in deep economic problems.

Medford, speaking at the BWUCCU’s annual general meeting at Hilton Barbados on Saturday, said Barbados’ 34 credit unions had assets totalling over $2 billion and so it was time its flex more economic muscle.

“To me collectively we have to realise we have a say in this economy, we have a stake in this country and collectively our voices have to be heard,” he said. (AD)

Please read the full story in today’s Daily Nation, or in the eNATION edition.

 

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