News
JN International Money Transfer
Wednesday, 19 June 2013

  PRESS RELEASE-  JN INTERNATIONAL MONEY TRANSFER EXPANSION

 

 JN Money Services has partnered with LAPARKAN Trading Limited to further expand our remittance service to Barbados,Antigua and Trinidad and Tobago.

JN Money Transfer Service will be launched in all LAPARKAN branches to enable customers to ONLY receive remittances. 

Transfers can be sent from UK,USA,Canada,Cayman, St.Vincent, Dominica and Jamaica for collection at any of the locations indicated below.

LOCATIONS

 

  • Antigua
  1.  Popeshead Street, St.John's, Antigua
  • Barbados
  1. Suite # 103, Building 8,Habour Industrial Estate, Habour Road, St. Michael, Barbados.
  2. Building # 2, Grantley Adams Industrial Estate,Seawell, Christ Church, Barbados.
  • Trinidad
  1.  Head Office-Ground Floor, Port Administration Building, Dock Road, Port of Spain Trinidad.
  2. No 74 A Southern Main Road,Couva,Trinidad.
  3. Suite 206,JSL Speedpak Complex, Piarco International Airport,Trinidad.

 

  

 
NCCU Introduces Special Loan Facility for Farmers
Tuesday, 28 May 2013

NCCU has introduced a special Agricultural Loan Facility for farmers. The objective of this facility is to create employment, ensure food security, increase exports and reduce imports.

Through this facility, farmers can access loans of up to $10,000 for purchasing inputs and planting material for non-banana crops and for meeting labour costs. Loans will be granted at a special, low interest rate of 6.5% per annum.

Applicants are expected to be members of a marketing company such as DAPEX or FairTrade and to receive a recommendation from an Agricultural Extension Officer.

NCCU encourages farmers to take advantage of this special facility for  expanding their farms and increasing  productivity. New farmers are also eligible to access these funds. 

Full details of the Special Agricultural Loan Facility can be obtained from NCCU’s five (5) Branches.

For more information click here!

 
MICHAEL AUGUSTINE IS NCCU'S NEW PRESIDENT
Wednesday, 15 May 2013
augustine.jpg Michael Augustine (left) has been elected as the new President of the NCCU. His election follows the Credit Union’s 3rd Annual General Meeting (AGM) which was held at Pointe Michel on May 8, 2013.

Vice President, Dexter Ducreay; Treasurer, Fevrier Valmond; and Secretary, Rhoda Celaire are the other directors elected to serve on  the Executive.

Ian Michael Anthony and Isabella Prentice were re-elected to Chair the Supervisory Committee and Credit Committee respectively for another term.   

Clement Marcellin, Jr continues as Deputy Chairperson of the Supervisory Committee and Roanna Joseph as Secretary of the Credit Committee.

Members present at the Society’s 3rd AGM demonstrated their satisfaction with the volunteers’ management of the NCCU in 2012 by returning all members of the Board and Committees for another term.

 
NCCU RECORDS STRONG PERFORMANCE IN 2012
Wednesday, 15 May 2013

Pays a 6% Dividend on Member Shares

When the NCCU held its 3rd Annual General Meeting on May 8, 2013, at the St Luke's Primary School in Pointe Michel, members learnt that their Credit Union had recorded strong performance in 2012.

In addressing members at the AGM, President, Dexter Ducreay, described the performance of NCCU’s “financial bottom line for the reporting year as a ‘beacon of hope’” in keeping with the AGM’s theme “NCCU-- a Beacon of Hope in Challenging Economic Times.” He further stated that the NCCU is “financially sound”.

The Society’s total assets grew by 6.6% or $23.4M to $378.6M fueled by an amazing 10% or $24.M growth in the loans portfolio. 1091 new members swelled the membership roll to 36,261 at the end of 2012 an increase of 3.11% over 2011. As a result, Member Share Capital increased by 3.36% or $91,450 to $2.8M.

Members’ confidence in the NCCU was further highlighted by the $17.2M dollars in savings and deposits which were invested in their Credit Union increasing total liabilities to $336M.

The Society earned total revenue of $27.75M exceeding the previous year by $2.12M or 8.28%. An operating surplus of $5.59M was recorded which was reduced to $1.95M after provisions, depreciation, and loan write offs.

At the end of the meeting, members unanimously approved management’s recommendation that a dividend of 6% be paid on Member Share Capital.

 
2013 SEMINARS - BUSINESS SERIES
Tuesday, 14 May 2013

2013 SEMINARS
Join us for:

Business Series, 4:30 - 6:30 pm, NDFD Conference Room
Business Plan Preparation, May 15
Marketing for Small Business, May 22
Seminars are FREE. Call 255-2160/2159 to register.

 

 
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