Grand Bay Credit Union Records Profit despite Economic Challenges

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Members of the Grand Bay Credit Union

The Grand Bay Credit Union called to order their 28th Annual General Meeting for the year 2013, held at the Old Fort in Grand Bay.

Recognizing Contributions, Celebrating achievements and Reaching out was the theme for this meeting.

The Board of Directors was pleased to report to its members that there were significant increases in member’s savings and fixed deposits as compared to previous years.

They were pleased that the Credit Union gained a 3.24 percent increase in regular savings in 2012 as opposed to 2011, even in these strenuous economic times.

Mr. Darroux was pleased to announce to its clients that despite the challenges, the Credit Union was able to manage their finances in the most prudent ways possible.

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President of the Board of Directors, Andrew Darroux

He urged members to continue to “transact business with the society.”

Currently the society holds a membership of 2,941, with an increase in deposits from $1,821,869 in 2011 to $1,909,102, 2012 which grew to 4.78 percent for the same time period.

However assets dropped from $14,431,614 in 2012 compared to $14,549,714 in 2011.  

Guest speaker Attorney at law Anthony Commodore delivered the feature address at the meeting. He urged the people in Grand Bay to invest in their credit Union.

The Management and staff of the society, Board of the Directors, Credit Committee and other sub Committees will continue to be devoted to their duties and are committed to serving their clients.

 

© 2012 SAT Telecommunications Ltd.

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