Alicia Bascombe’s Post

🔍 Understanding the World of Credit Unions In this first video of our Credit Unions Consumer Education series, Curtis Lowe, Director of Supervision & Regulation, shares insights on what credit unions are and the co-operative principles that guide them. Press play to learn more about the benefits and unique aspects of credit unions in Barbados. Link to video: https://lnkd.in/eVGMmgnQ Stay tuned for more in this series 📹✨ #CreditUnions #FinancialEducation #FSCBarbados

🔍 Continuing our Credit Unions Consumer Education series, Analyst Shonté Chandler dives into the inner workings of credit unions in Barbados. Learn about membership bonds, mechanisms for dormant accounts, and the role of bylaws in credit union governance. Watch the full video here: https://lnkd.in/e6sg-pYS Stay tuned for more insights! 📹✨ #CreditUnions #FinancialEducation #FSCBarbados

🔍 Continuing our Credit Unions Consumer Education series, our Analyst, Elsa Alfred, dives deeper into the world of credit unions in Barbados. She discusses their vital functions and importance in the financial system. Watch the full video here: https://lnkd.in/eKtRjiAg Stay tuned for more insights! 📹✨ #CreditUnions #FinancialEducation #FSCBarbados

Q&A: Is there an age limit to join a credit union? Surprise! There's no general age restriction for credit union membership. Many even welcome younger members, based on their specific by-laws. Discover how inclusive credit unions can be for all ages. #CreditUnionMembership #InclusiveBanking #FinancialFAQ

Today is International Credit Union Day!!! ICU Day is a day when credit unions all over the world celebrate the credit union movement and show appreciation for their members. The celebration started in 1948 and occurs every year on the third Thursday of October. The mission of International Credit Union Day: To highlight and celebrate the qualities that make credit unions the best financial partners of people all over the world! #FirstFinancial #FFFCU #BaltimoreSunBESTBankCreditUnion #InternationalCreditUnionDay

Important Dates in the Credit Union Movement: June 25, 1994: WOCCU provided the first international framework for credit union legislation, aiding the development and regulation of credit unions globally. This initiative helped standardize operations and ensure the stability and reliability of credit unions around the world (World Council of Credit Unions) (Nationwide Credit Unions). #Americascreditunions #Creditunionhistory #Credituniondifference #Creditunions These events highlight the ongoing efforts to support and strengthen credit unions, ensuring they continue to provide valuable financial services to their members. Through regulatory advancements, community initiatives, and global cooperation, credit unions remain a vital part of the financial landscape, dedicated to promoting financial stability and empowering their members.

Corporate Central is a credit union for credit unions, and that's why credit unions across the nation depend on our staff for trustworthy information and advice. Learn more: https://lnkd.in/dMNKf3B #CorporateCentral #CreditUnions #CUDifference

FYI: @CaribbeanCorpgv Online seminar 'Governance of Credit Unions' (Pt 2). https://buff.ly/3Zns9Xd #Caribbean #Corporate #Governance #Institute #CreditUniions #Finance #DueDiligence #Qualifications #Directors

Connecting with younger generations is crucial for credit unions to remain competitive and relevant. As digital-first functionality becomes essential, embracing digital transformation and catering to the preferences of younger generations like Gen Z and Millennials ensures credit unions can thrive in the evolving financial landscape.

Still not sure of the benefits of belonging to a not-for-profit credit union? On this International Credit Union Day, why not take the time to view the video from Association of British Credit Unions. Even if it's not for you, you may want to share with friends and colleagues who may not be able to access traditional banking methods or require safe money management. #ICUDay2024 #creditunion #peoplefirst #peoplebeforeprofit #financialcooperative