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BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED
ANNUAL REPORT 2013
Report on Subsidiary
The performance of CAPITA Financial Services Inc., the Credit
Union’s subsidiary, continues to be positive. Asset levels
continue to be consistent with those of 2009, Customer
confidence remains high both in the Barbados and St. Lucia
operation, as evidenced by:
• Continued deposit growth
• Growth in loan commitments
• Growth in net income over the previous year
The focus for CAPITA in 2013 - 2014 will centre on three key
elements:
•
Activation of the approved Joint Strategic Plan
• Deepening of relationships between CAPITA and the
credit unions
• Widening of the Credit Union’s footprint as CAPITA builds
out its business to new segments and markets
Corporate Social Responsibility
and Community Involvement
As part of our corporate and social responsibility, we continue
to reach out to those in our community through our Social
Outreach and Education Grant Programmes, assisting eligible
members wherever possible.
Our community involvement included a number of activities
inclusive of our annual Christmas Charity Event which catered
to children from our immediate environs, and children from the
Nightengale and Sterling Children’s Homes.
The Credit Union’s free Christmas Concert, now in its third
year, continues to be a success. This is one of two free concerts
now fully sponsored by the Credit Union; the other one being
the Sunset Concert under the portfolio of GospelFest. All
indications are that these events will remain staples on the
Credit Union’s calendar.
The Barbados Public Workers’ Co-operative Credit Union
Limited extends sincere condolences to all members who
would have lost loved ones during the past year. Please take
the time to reflect on the happy moments and memories with
your loved ones.
In the ensuing year, mindful of the financial challenges faced
by our members, our central focus will continue to be assisting
our members by the provision of a quality financial service from
this Credit Union, which we have collectively built.
As a Group, in this global economic environment, we remain
fully committed to continuous assessment of our operations to
ensure optimum growth and economic well-being.
Acknowledgement
I wish to acknowledge and extend appreciation to our members
for their commitment and loyal patronage during the year.
Remember, our success is your success.
Special acknowledgements to our staff, elected committees,
sub-committees and associated chairpersons for their
consistent, dedicated and continued support.
BOARD OF DIRECTORS’ REPORT
(continued)
