Annual General Meeting 2010
Report of the Credit Committee For Year Ended 31 December, 2010


Once more we have come to the end of another challenging yet successful year. Your Credit Union has once again demonstrated its unwavering perseverance throughout this time.

The year 2010 showed members borrowing a sum of $772,326,000.00 from $698,633,000.00 in 2009. Most of the loans granted were secured by shares and deposits, motor vehicles and real estate. We are also happy to see a number of members saving by way of Partner Plan and Sure Saver Accounts in order to build share requirements for loans.

Acknowledgements are extended to all the individuals and groups who made the Credit Committee successful at its tasks another year. To the members of the Committee, your unrelenting commitment to your duties is again recognized, it was a pleasure working alongside you. The Board of Directors and Management, your efforts and dedication are being acknowledged at this time. To the shareholders, continue supporting your Credit Union through your loans as well as honouring the obligation of repaying them. Keep spreading the word for others to join the Credit Union to benefit as you have.

Neville McConnell
Chairman