Two credit unions join NCCU

NCCU members at the AGM. Photo by Zaimis Olmos
NCCU members at the AGM. Photo by Zaimis Olmos

Members of the National Cooperative Credit Union (NCCU) have passed a resolution at its 5th Annual General Meeting to accept the “assets and liabilities” of the Castle Bruce and South Eastern Credit unions thus paving the way for them to be part of the NCCU and become the “big seven.”

That meeting took place at the Teza Grounds in Mahaut on Tuesday evening and as mandated by law, the NCCU needed to have a ‘special meeting’ and request the permission of the members for that purpose.

A few members expressed concerns and shared their views on the issue but after debate, discussions and clarifications, the resolution, which needed 3/4 of the members present at the meeting, was passed.

It now means that South Eastern and Castle Bruce Credit Union, which had over one year ago gotten the permission from members and also passed the required resolution, will soon be part of the NCCU.

Meantime, at the AGM, five new members were elected to serve a three year term on the board to replace five outgoing members some of which had served two consecutive three-year terms and under the NCCU’s law were not eligible for reelection.

The new board members are Charmaine Brumant, retired police ASP Patrickson Albert, social worker Kyra Paul, accountant Candia Joseph and graphics designer Janice Roberts.

They will soon meet to elect a new executive to lead the institution for the next year.

A number of new persons were also elected on the Supervisory/Compliance committee and Credit committee.

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7 Comments

  1. Hope
    May 22, 2015

    Excellent move Castle Bruce. You just made my life so much easier! Job well done team Castle Bruce.

  2. DollFace
    May 21, 2015

    I want them to blow away Central Co-op.

    That C.U. that has no fore-sight, no vision wi..stupes. They had the chance to go really big and modernized with their services when they amalgamated with Portsmouth…Instead, same old antiquated ideas.

    A member of the Portsmouth branch cannot co-sign a loan for a member in the Goodwill branch, No ATMs in either branches, ridiculous terms and conditions to get a little bit of money…stupes

  3. May 21, 2015

    the train of progress is on the move in the credit union movement and some credit unions are doing a disservice to their members in this day and age. they cannot give to their members up to date financial services. no atm ,no chequeing accounts, no debit cards no night deposits, no mortgage loans no spin offs into the economy. however God bless all the pioneers of the movement Sis Alicia ,Kenneth Richards , Edward Elwin & Hudson N. Savarin just to name a few.time and space will not permit me to mention everyone but for those the NCCU is a dream come true

  4. cohenval
    May 20, 2015

    When is St. Mary’s Cooperative Credit Union going to amalgamate with NCCU?
    They need to think of the young people in Giraudel and Eggleston, who cannot get a mortgage, a checking account or a debit card.

  5. May 20, 2015

    NCCU is now a mega credit union I think it would augur well for other credit unions to join in .

  6. Al
    May 20, 2015

    looking forward to NCCU taking over WCCU !

    • Just Me
      May 21, 2015

      :) Present the proposal to us

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