News
NCCU Cadence Lypso Inc Notice: Vendors Notice
Friday, 20 September 2019

The NCCU is inviting vendors who are interested in selling food and drinks at the 2019 Cadence Lypso Show to apply in writing to NCCU Cadence Lypso Inc.  c/o NCCU,  by September 30, 2019.

 

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Winners of St Paul Branch "Back to School Education Draw"
Tuesday, 10 September 2019

Four lucky members emerged winners of our St. Paul branch "Back to School Education Draw".  The winners took advantage of our "Back to School Loan Special" which runs from June  to November. They are  Sheldon Joyce, Brenda Cuffy, Samantha Maximea and Erminier Didier.  The packages consisted of school supplies such as backpacks, exercise books, juice bottles and pens and is aimed on assisting the children for the new school year.

The NCCU congratulates all the winners!

See photos

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NCCU Reports Growth in 2018
Thursday, 29 August 2019

The National Co-operative Credit Union Limited (NCCU) is reporting that for yet another year it has "exemplified the true spirit of the Credit Union movement" and with utmost resilience continues to serve all members.

When the Society's membership gathers at the Dominica Public Service Union (DPSU) Hall on Thursday, August 29, 2019  at 5 pm for the 9th  Annual General Meeting the Board of Directors will convey its  satisfaction with the remarkable progress made in 2018  "following the devastating effects of the weather systems of 2017".

The membership will learn that their Credit Union's  assets continue to grow climbing to $625.7M as at December 31, 2018 an increase of $37.7M or 6.41% over the previous year 2017.

Other achievements for the NCCU in 2018 were the growth in membership to 47,689, an increase of 1,394, and the increase in Member Share Capital by 7.74%.

Net loans and advances to members increased by $5.29M (gross was $15.04M) to $365.78M following the adoption of International Financial Reporting Standard # 9 (IFRS 9). Overall, "the Loans Portfolio showed positive signs of growth."

Operating and interest expenses costs were carefully managed during the year  and the small  increases of 5.72% and 6.91% were as a result of insurance related expenses and interest paid on homeowners' insurance settlements.

Total gross revenues declined by $1.23M or 3.85% due to the continued waiver of interest on the loans of members affected by the passage of Hurricane Maria and reduced interest rates on the special Rise & Restore and Cash-Secured loans. 

 Notwithstanding, the Society recorded a Net Surplus after Appropriation of $3.17M an increase of $322,835 over the 2017 figure of  $2.85M.

Sharing our success with our members and communities remained  a priority in 2018 in keeping with Cooperative Principle No.7 -- Concern for Community and NCCU's mission "to enhance the quality of life of All". Fifteen (15) scholarships were awarded to students to attend secondary school and many benevolent causes and community activities were supported. 

The NCCU remains a viable, progressive and leading financial cooperative in Dominica and the OECS. Its  success is a result of the "'sustained relationship with our members" and the tremendous contribution of officers and staff.

We are indeed grateful for their trust and loyalty.

Click here to read the 2018 Annual Report

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CU Online Services Launched and are Now Available
Thursday, 22 August 2019

 Members now have a service they have been waiting for with the launch of NCCU's online platform--CU Online.   

In an  informative presentation to the media,on August 21, 2019. NCCU's Assistant Systems Administrator, Kelton Woodman described the new online platform  as simple,  easy to use, responsive and customisable.  Following the presentation, CU Online Services was officially launched by NCCU President, Mrs. Josephine Dublin. 

Members are encouraged to sign up for CU Online at any of NCCU's seven Branches.  To facilitate sign up, members can fill  out the Application Form,  print and bring  to the nearest Branch. 

On signing up at the Branch, instructions will be provided for completing the second part of the enrollment process.

Sign up today to  enjoy the convenience of the CU Online Services and    "Track Your Money, On Your Time, On Your Terms".  

 Click here to view/listen to  Mr. Woodman's presentation

View photos of NCCU milestone event

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La Plaine Branch Is Officially Reopened
Tuesday, 20 August 2019

The NCCU La Plaine Branch has been  officially  reopened.

Operations commenced at the newly renovated office on Monday, August 19, 2019, following a  ceremony attended by members and NCCU officials. 

Short addresses were delivered  by NCCU  Ltd President-- Mrs. Josephine Dublin, Chief Executive Officer-- Mr. Aylmer Irish,  Administrative Officer of the Castle Bruce Branch--Mrs. Jacqueline Roberts and Ms. Joye Augustine, newly  appointed Administrative Officer for the La Plaine Branch.   

The members expressed joy on the reopening of their Branch and being able to transact  business and access all  financial services.

The Branch will open Monday to Thursday from 8 am to 3 pm and from 8 am to 5 pm on Friday.

The La Plaine Branch is a key location in  the NCCU network  of 7 Branches and 5 sub offices and serves members in the South East.  

NCCU thanks valued members of the La Plaine Branch for their patience and understanding and looks forward to efficiently serving them at the reopened Branch. 

 View Photos

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