St Kitts and Nevis (WINN): The government’s being told that the St Kitts Cooperative Credit Union can be a cog in the economic wheel of the country.
Credit Union official Frederick Baron made the observation while explaining that the SKCCU is the government’s partner in development.
Baron, the financial institution’s Change Manager, made the appeal for cooperation between the two at the 34th annual general meeting of the credit union last week.
“I will begin with the government of the federation of St Kitts and Nevis, the SKCCU is you partner in development, cherish them. When they come to you with a request, look at the big picture. Become a partner in their mission to the next level, remember a rising tide lifts all boats. The SKCCU can be another cog in the economic wheel in the federation of St Kitts and Nevis, you can focus your development strategies around the idea that a willing partner in the SKCCU awaits your call. Engage the SKCCU in your plans and partner with them in areas where they can contribute. The fortunes of the country can be enhanced with the engagement of the SKCCU as a willing partner.”
The St Kitts Cooperative Credit Union reports having had a successful year in 2016, with an increase of thirteen per cent of its total assets.
The SKCCU moved from $109 million dollars in 2015 to $123.5 million in 2016.
The society paid its shareholders a seven per cent dividend on their shares.