NCCU is poised to move from the “Big 5” to the “Big 7” with the passing of a resolution at its 5th Annual General Meeting (AGM) to accept the assets and liabilities of the Castle Bruce and South Eastern Credit Unions. The AGM was held on Tuesday, May 19, 2015, at the Teza playing field in Mahaut.

NCCU President, Michael Augustine, reported to the AGM that the Credit Union had performed well in 2014 realizing sound growth and increased market share at the end of 2014.Loan portfolio growth was impressive with net loan growth of 7.57% or $23.2M fully funded by member deposits which grew by $27.3M or 7.59%. 1400 new members joined the NCCU, an increase of 3.75%, bringing total membership to 38,983 at year end.

Assets climbed to $438.8M, up 7.39 % or $30.2M from 2013, fueled by the growth of the loan portfolio and physical assets. Member Share Capital recorded remarkable growth of 16.48% or $523,800. Net surplus for the year was steady at $2.1M.

At the AGM, five new members were elected to serve a three-year term on the Board of Directors to replace five outgoing directors. The new directors are Kyra Paul, Charmaine Brumant, Janice Roberts, Candia Joseph and Patrickson Albert.

NCCU President of the Board of Directors  View more pictures Click here!	NCCU Board of Directors  View more pictures Click here!
Newly appointed NCCU Board of Directors  View more pictures Click here!	NCCU Annual General Meeting (AGM)  View more pictures Click here!