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CURACAO - 2011

CURACAO - 2011. CARIBBEAN CONFEDERATION OF CREDIT UNIONS. BOARD OF DIRECTORS REPORT 2010 CONNECT, COMPLY, COMPETE: The Credit Union Heartbeat. CCCU BOARD OF DIRECTORS 2010. OVERVIEW OF CCCU. BUILDING FINANCIAL SUSTAINABILITY. CONTINUED ADVOCACY OF CO-OPERATIVES ACROSS THE REGION.

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CURACAO - 2011

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  1. CURACAO - 2011

  2. CARIBBEAN CONFEDERATION OF CREDIT UNIONS BOARD OF DIRECTORS REPORT 2010 CONNECT, COMPLY, COMPETE: The Credit Union Heartbeat

  3. CCCU BOARD OF DIRECTORS2010

  4. OVERVIEW OF CCCU BUILDING FINANCIAL SUSTAINABILITY. CONTINUED ADVOCACY OF CO-OPERATIVES ACROSS THE REGION. REPRESENTATION AT WORLD COUNCIL AND INTERNATIONALLY.

  5. OUR REGION

  6. OVERVIEW OF REGION • CONTRACTION IN ECONOMIES OF 12 COUNTRIES RANGING FROM MARGINAL TO MODERATE. • GROWTH IN SIX COUNTRIES RANGING FROM 0.5% TO 3.6%. • OECS COUNTRIES ALSO EXPERIENCED CONTRACTIONS RANGING FROM 7.2% IN 2009 TO 3.2% IN 2010.

  7. SECTOR PERFORMANCE MIXED FORTUNES • VARIED ECONOMIC IMPACT ON CREDIT UNIONS. • GROWTH IN SOME CREDIT UNIONS. • FALL OFF IN LOAN DEMAND AND INCREASED SAVINGS WITHDRAWALS. • IMPAIRMENT OF INVESTMENTS IN CLICO AND BAICO ESPECIALLY FOR CREDIT UNIONS IN OECS AND TRINIDAD &TOBAGO. • REGIONAL EXPOSURE APPROXIMATELY US$148.9 MILLION.

  8. SECTOR PERFORMANCE MIXED FORTUNES • HIGH RATE OF SAVINGS GROWTH IN ST. LUCIA AND THE NETHERLAND ANTILLES. • ASSET GROWTH ALSO ACHIEVED IN THE NETHERLANDS ANTILLES AND GUYANA. • ANTIGUA AND BARBUDA RECORDED DECLINES IN BOTH SAVINGS AND ASSETS.

  9. CCCU INTERNAL OPERATIONS • BOARD MEETINGS HELD THREE TIMES DURING THE YEAR IN GUYANA, ST. MAARTEN AND GRENADA.

  10. FIVE CCCU DIRECTORS ELECTED AT THE 39TH AGM: YVONNE RIDGUARD, DEAN ST. HILL, SYDNEY NEWTON, DANA NESTOR AND AARON MOSES. • CCULTT’S GUARANTEED SEAT FILLED PROTEM.

  11. CCCU INTERNAL OPERATIONS • CUNA MUTUAL‘S ANTHONY HALL RETIRED FROM THE BOARD AND WAS REPLACED BY ANDRE GOINDOO. • .

  12. CCCU’S INTERNAL OPERATIONS • DEPUTY GENERAL MANAGER APPOINTED. • AUDIT AND CONVENTION SUB-COMMITTEES APPOINTED.

  13. CCCU INTERNAL OPERATIONS.

  14. CCCU INTERNAL OPERATIONS. CONVENTION SITE TO BE DETERMINED BASED ON POTENTIAL HIGHEST RETURNS. DUES RELIEF REQUEST BY CCULTT DECLINED. BELIZE’S DUES RELIEF REQUEST AGREED.

  15. CCCU INTERNAL OPERATIONS • WEBSITE REDESIGNED.

  16. ADVOCACY AND REPRESENTATION • WOCCU’s G-10 MEETING. • WORLD CREDIT UNION CONFERENCE LAS VEGAS. • FACT FINDING VISIT TO HAITI.

  17. ADVOCACY AND REPRESENTATION 53RD ANNUAL CONVENTION

  18. ADVOCACY AND REPRESENTATION • AWARDS AND RECOGNITION

  19. AFFILIATES RELATIONS • OECS CREDIT UNION’S SUMMIT. • SURINAME’S MAJOR CREDIT UNION CONVERTS TO A CO-OPERATIVE BANK.

  20. AFFILIATES’ RELATIONS • STATUS OF TORTOLA’S MOVEMENT. • TRINIDAD AND TOBAGO MOVEMENT REUNIFICATION.

  21. EXTERNAL AGENCIES • CARICOM SECRETARIAT • CARICOM REGIONAL STAKEHOLDERS. • CARICOM ASSOCIATION OF SMALL AND MEDIUM ENTERPRISES. • CARIBBEAN DISASTER EMERGENCY MANAGEMENT AGENCY.

  22. TECHNICAL ASSISTANCE AND HUMAN RESOURCE DEVELOPMENT. • LEGISLATION RELATED TECHNICAL ASSISTANCE PROVIDED TO: • ANTIGUA & BARBUDA • ST. VINCENT & THE GRENADINES. • MONTSERRAT. • ENTERPRISE RISK MANAGEMENT FOLLOW-UP. • ON-LINE TRAINING FOR BIU CREDIT UNION. • CARIBBEAN REGULATORS TRAINING.

  23. AFFILIATES ACTIVITIES • THE BAHAMAS • – SECTOR GROWTH • - PENDING REGULATION BY CENTRAL BANK. • BARBADOS. • - IDB INSTITUTIONAL STRENGTHENING. • - MOVEMENT FUNDED TA PROJECT • - PENDING REGULATION BY THE FSC. • BELIZE. • - RURAL FINANCE PROGRAMME BENEFICIARY • - CENTRALIZED ATM NETWORK SERVICES

  24. AFFILIATES ACTIVITIES • DOMINICA. • - AMALGAMATION OF FIVE CREDIT UNIONS. • GRENADA. • - NEW CO-OPERATIVE SOCIETIES ACT WITH SHARED REGULATORY RESPONSIBILITY. • JAMAICA • - IMPENDING NEW BOJ REGULATIONS. • - CONDUCT OF MARKET SURVEYS. • - CENTRALIZED SERVICES. • - NEW STRATEGIC PLAN.

  25. OTHER REGIONAL OCCURENCES • HAITI DESTROYED BY EARTHQUAKE. • ASSISTANCE MOBILISED FROM CARIBBEAN CREDIT UNIONS.

  26. OTHER REGIONAL OCCURENCES • HURRICANE TOMAS’ IMPACT ON ST. LUCIA. • ASSISTANCE MOBILISED FROM THE REGION AND WOCCU.

  27. LOOKING FORWARD STRATEGIC OBJECTIVES: • EXPANSION OF CREDIT UNIONS AND OTHER CO-OPERATIVES. • PROMOTION OF PRUDENTIAL AND OPERATING STANDARDS • ADVOCACY AND NETWORKING. • CAPACITY BUILDING OF VOLUNTEERS AND MANAGEMENT. • EMPHASIS ON THE CO-OPERATIVE DIFFERENCE

  28. CONDOLENCES • TO ALL CREDIT UNIONS WHO LOST MEMBERS AND/OR THEIR FAMILIES.

  29. ACKNOWLEDGEMENT & APPRECIATION • GRATITUDE IS EXPRESSED TO MANAGEMENT & STAFF, AFFILIATES, STAKEHOLDERS AND REGIONAL AND INTERNATIONAL ORGANIZATIONS FOR THEIR SUPPORT DURING THE PAST YEAR.

  30. Cooperatives make better business

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