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Wednesday, 15 May 2013 |
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.
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Wednesday, 15 May 2013 |
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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.
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Tuesday, 14 May 2013 |
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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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Wednesday, 01 May 2013 |
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Members of the National Cooperative Credit Union (NCCU) Limited and the General Public are informed that the NCCU Ltd will be CLOSED ON
WEDNESDAY, 8TH MAY 2013 FROM 2:00pm.
THIS IS TO FACILITATE PREPARATION AND STAFF ATTENDANCE AT THE 3RD ANNUAL GENERAL MEETING OF THE NCCU LTD, SCHEDULED FOR THE ST LUKE PRIMARY SCHOOL, POINTE MICHEL FROM 5PM.
Any inconvenience caused is sincerely regretted. Normal business hours resume from 8:00am on THURSDAY, 9th MAY 2013, FOR THE ROSEAU, LA SALETTE AND VIEILLE CASE BRANCHES AND FRIDAY, 10TH MAY FOR THE ST PAUL AND ST DAVID’S BRANCHES.
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Tuesday, 30 April 2013 |
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NCCU continues its community involvement by assisting the Pointe Michel Football Academy. The Academy received a generous donation of $7,509.50 which will be used to purchase balls, uniforms etc.
NCCU's, Mrs. Wendy Isles presented the cheque to Mr. Gerald George, president of the Academy (shown in picture) at the Roseau Branch offices on Tuesday 30th April 2013. Mr. George sincerely thanked NCCU.
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