{"id":90309,"date":"2013-04-16T07:42:23","date_gmt":"2013-04-16T11:42:23","guid":{"rendered":"http:\/\/dominicanewsonline.com\/news\/?p=90309"},"modified":"2013-04-16T13:10:40","modified_gmt":"2013-04-16T17:10:40","slug":"growth-at-grand-bay-credit-union","status":"publish","type":"post","link":"https:\/\/dominicanewsonline.com\/news\/homepage\/news\/business\/growth-at-grand-bay-credit-union\/","title":{"rendered":"Growth at Grand Bay Credit Union"},"content":{"rendered":"<figure id=\"attachment_90310\" aria-describedby=\"caption-attachment-90310\" style=\"width: 300px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-90310\" alt=\"The Grand Bay Credit Union building. Photo credit: thegrandbayrian.com\" src=\"http:\/\/dominicanewsonline.com\/news\/wp-content\/uploads\/2013\/04\/grand-bay-300x224.jpg\" width=\"300\" height=\"224\" srcset=\"https:\/\/dominicanewsonline.com\/news\/wp-content\/uploads\/2013\/04\/grand-bay-300x224.jpg 300w, https:\/\/dominicanewsonline.com\/news\/wp-content\/uploads\/2013\/04\/grand-bay-642x481.jpg 642w, https:\/\/dominicanewsonline.com\/news\/wp-content\/uploads\/2013\/04\/grand-bay-150x112.jpg 150w, https:\/\/dominicanewsonline.com\/news\/wp-content\/uploads\/2013\/04\/grand-bay.jpg 1150w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><figcaption id=\"caption-attachment-90310\" class=\"wp-caption-text\">The Grand Bay Credit Union building. Photo credit: thegrandbayrian.com<\/figcaption><\/figure>\n<p>Despite &#8216;challenging times&#8217; authorities at the Grand Bay Credit Union say the institution saw a 3.24 percent increase in regular savings in 2012 over 2011.<\/p>\n<p>Additionally members deposits grew to 4.78 percent for the same time period.<\/p>\n<p>The figures were revealed a the society&#8217;s 28th Annual General Meeting held at the Old Fort, Grand Bay under the theme &#8220;Recognizing Contributions, Celebrating Achievements and Reaching Out.&#8221;<\/p>\n<p>\u201cWe have done and continue to do well despite the trying and challenging time &#8230; but you need to note that it is becoming more challenging to manage while we continue to do so in the most prudent way,\u201d Andrew Darroux, president of the Credit Union told the meeting.<\/p>\n<p>He urged members to continue to \u201ctransact business with the society.\u201d<\/p>\n<p>\u201cWhatever happens, it&#8217;s your society and you need to know that and play your part,\u201d he said.<\/p>\n<p>In its report, the board has pledged to continue its marketing drive in 2013 to increase membership and also improve \u00a0the services offered to members.<\/p>\n<p>The society has a current\u00a0membership of 2,941.<\/p>\n<p>Information presented at the meeting shows that regular savings grew from $9,882,809 in 2011 to $10,202,756 in 2012 an increase of $319,947 or 3.24 percent.<\/p>\n<p>Member deposits grew from $1,821,869 in 2011 to $ 1,909,102 in 2012 an increase of $87,233 or 4.78 percent.<\/p>\n<p>However, the picture is not all rosy as records show that the society\u2019s loan portfolio decreased from $10,016,626 in 2011 to $9,585,210 a drop of $413,416 or 4.30 percent.<\/p>\n<p>Assets dropped from $14,549,714 in 2011 to $14,431,614 in 2012 a decrease of $118,127 or .81 percent.<\/p>\n<p>Member loans accounted for the largest component, $9,585,210 or 66.42 percent of total assets.<\/p>\n<p>Attorney at law Anthony Commodore delivered the feature address at the meeting.<\/p>\n","protected":false},"excerpt":{"rendered":"Despite &#8216;challenging times&#8217; authorities at the Grand Bay Credit Union say the institution saw a 3.24 percent increase in regular savings in 2012 over 2011. Additionally members deposits grew to 4.78 percent for the same time period. The figures were&#8230;","protected":false},"author":16,"featured_media":90310,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_cbd_carousel_blocks":"[]","footnotes":""},"categories":[18],"tags":[],"class_list":["post-90309","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Growth at Grand Bay Credit Union - Dominica News Online<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dominicanewsonline.com\/news\/homepage\/news\/business\/growth-at-grand-bay-credit-union\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Growth at Grand Bay Credit Union - Dominica News Online\" \/>\n<meta property=\"og:description\" content=\"Despite &#8216;challenging times&#8217; authorities at the Grand Bay Credit Union say the institution saw a 3.24 percent increase in regular savings in 2012 over 2011. 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