Systematic purchasing of shares
Save while paying off loan
Deposit account; withdrawals on demand
Chairman’s Message Sheila Smith
It is my esteemed pleasure to welcome you to this, the 36th Annual General Meeting of the Public Workers’ Co-operative Credit Union Limited. Our theme for 2016 “Building...Moving...Growing”, is a clear indication that this organization is on the upward move.
Despite the negative global trends and the downward turn in our economy, Public Workers’ continues to grow. Our membership increased and consequently our asset base increased significantly, during the past year. To this we say ‘to God be the Glory’.
As reported in the last AGM, it is now official that the Central Bank of the Bahamas has assumed regulatory and supervisory responsibilities for credit unions, as of 1st June, 2015. We would like to offer thanks to the
previous Governor of the Central Bank, Mrs. Wendy Craigg, who worked well with us during this transition and we also welcome the new Governor, Mr. John Rolle, and look forward to working with him.
On behalf of the Board of Directors, I am proud to report that our ‘state of the art’ office building in Freeport, Grand Bahama is completed and was officially opened on 2nd October, 2015. Also, the much-needed parking facility for our Nassau office, that was promised from the last AGM, has been provided. We are also moving forward in the technological area to provide you with more relevant products and services. Our primary focus is on improving the overall service to you, our members, and to helping you during these tough economic times.
I offer thanks to our hard-working Management and staff who make it possible for this organization to function and for their providing excellent service to our members. Special thanks to the Board of Directors and the various Committee members for their valued support in overseeing the operations of this great organization.
Finally, I would like to thank you, our shareholders, for your valuable support and for giving us the opportunity to serve you. It is our desire to move this Credit Union forward with God’s help and your continued support. Thanks again and have a rewarding and enjoyable 2016 Annual General Meeting.
All members’ savings and loans are insured by the Bahamas Co-operative League Insurance Brokerage Limited, and are paid for by the credit union. Presently, the insurable amounts are $20,000.00 (shares) and $100,000 (loan), which means that upon the death of a member; his/her beneficiary (ies) would receive all of their savings, in addition to a matching amount (up to a maximum of $20,000.00) from the Insurance Company.
Feel free to contact us at the numbers below:
Wulff Road West:
Telephone: (242) 323-6594
West Atlantic Drive:
Telephone: (242) 351-7129