Credit Unions Urged To Maintain Standards

Joy-Ann Gill Top Stories

With the Financial Services Commission (FSC) currently conducting a comprehensive review of all FSC enabling legislation, to ensure a risk-based supervisory framework for the non-bank financial sector, credit unions are being urged to maintain established standards. This appeal came last Saturday night as Small Business Minister, Dwight Sutherland, addressed the Barbados Cooperative & Credit Union League Ltd.’s 60th Anniversary Dinner …

Sutherland All For Credit Union Bank

Joy-Ann Gill Top Stories

Minister of Small Business, Dwight Sutherland, will throw his support behind the establishment of a Credit Union Bank if it can offer a lower interest rate than the commercial banks, and push business on the island. He made this clear on Wednesday, as he addressed media representatives, following talks with members of the St. George Farmers’ Market Cooperatives Society Limited, …

Government Keen On Assisting Cooperatives

Joy-Ann Gill Top Stories

The tour of the St. George Farmers’ Market Cooperative Society Limited and the Barbados Pig Farmers’ Marketing Cooperative Society were all aimed at determining how best Government could assist cooperatives across the island. Minister of Small Business, Entrepreneurship and Commerce, Dwight Sutherland said this recently when he met with representatives of these organisations. He pointed out that according to the …

Co-Operative Investment Fund Created

Joy-Ann Gill Ministry News

Five co-operative organisations, including some credit unions, have taken a bold and historic step and created the Co-operative Investment Fund (CIF). This was revealed last Saturday by Chairman of the Co-operators’ Day 2018 Planning Committee, Oriel Doyle, as he addressed International Co-operators’ Day celebrations at Pelican Village on the Princess Alice Highway. Acknowledging that it was time for co-operatives to “turn …

Support For Growth & Expansion Of Co-operatives

Joy-Ann Gill Top Stories

Co-operatives have been given the assurance that Government will aid their thrust towards expansion and growth. The commitment came last Saturday as Minister of Small Business, Entrepreneurship and Commerce, Dwight Sutherland, addressed International Co-operators’ Day 2018 celebrations, hosted at Pelican Village on the Princess Alice Highway. Assuring members of Government’s support, Mr. Sutherland stressed it was his Ministry’s mission to …