Prime Minister Harris Declares Credit Union Week Open

Prime Minister of St. Kitts and Nevis Dr. Hon Timothy Harris has officially launched the opening of Credit Union Week 2018.

Prime Minister Harris declared the week of activities open while delivering an address to the nation on Sunday October 14.

He highlighted the successes of the local credit union movement as of December 31 2017.

The cumulative statistics of the local Credit Union Movement as at December 31st, 2017 showed its Membership stood at 24,917, representing a 5% increase over 2016; its Shares and Deposits were more than EC$277 million, representing a 10% increase over 2016; its Loans were more than EC$236 million, representing a 12% increase over 2016; its Reserves were more than EC$56 million, representing a 30% increase over 2016, and its Assets were more than EC$340 million, representing a 10% increase over 2016

Dr Harris then used the opportunity to commend the St. Kitts and Nevis National Co-operative League.

The Credit Union Week of Activities kicked off with a morning church service at the Antioch Baptist Church on Sunday and will continue with the annual St. Kitts Co-operative Credit Union’s Melvin Edwards Excellence Awards Ceremony along with many other events organized by the four affiliate members that make up the St. Kitts and Nevis National Co-operative League.

The 70th annual International Credit Union Day will be commemorated on Thursday, October 18.

This year, International Credit Union Day will be celebrated under the theme, “Find your Platinum Lining in Credit Unions”.

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