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CCCU marks 55 years with a call to fledging and prospective young entrepreneurs

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The Communal Credit Union launches what it dubs its Emerald Anniversary, marking its 55th year on 19 October, with an interesting twist to reach young people ready to start a business or those whose businesses needs, a boost for success.

The credit union says all members and prospective members are welcome, but the target drive is to get the often most marginalised group in society on board, with a programme for building their financial future. She says, often, the first casualty of a good business idea is financing, so where the credit union can help it will.

The aim is to establish incubator-type businesses, providing financial advice and side by side growth help to all who qualify.

Noting the major milestones achieved thus far, the General Manager, Lydia Courtney-Francis says that Communal Credit Union will continue to upgrade its services and offerings at a time when the movement worldwide is modernising to meet the demands of a changing user group: those who use or prefer mobile financial technology.

Manager at Communal’s newly established Business Centre in Grand Anse, Kimberly Andrews, introduced the loan provision. Sherene Thomas, Marketing and Communication Officer spoke about the ways Communal reinvests in the lives of its members and the community at large. “It is a special moment for The Communal with a few of the inaugural board members still around from that first meeting, 55 years ago on Tyrell Street, now HA Blaize Street, in St George’s.”

General Information

  • The Credit Union was established on 19 October 1964 and was first known as the St George’s Co-operatives Credit Union
  • The name Communal Co-operative Credit Union Limited came with the opening of the membership bond to the State of Grenada in 1996
  • Five office locations: Halifax Street, St George’s; Grand Anse, St George; Perdmontemps, St David; Gouyave, St John; Hillsborough, Carriacou
  • In 2014, the credit union in collaboration with Grenada Co-operative Bank Limited launched the Communal International Visa Card
  • Communal Credit Union has been a part of the Connex ATM Network since 2015
  • The first ATM machine for the credit union was installed and launched at the Gouyave branch, St John
  • The Communal Main Office is home to two Connex ATM Machines launched in June 2017
  • Communal boasts of their e-banking platforms which offers members flexibility in their financial transactions
  • The e-banking platform is inclusive to mobile banking for members on the go. The Communal app is available for download on Google Playstore and Apple iTunes
  • Launch/Migration to Sharetec from Emortel March 2018 aiding in a more comprehensive financial management system for the credit union
  • Opening of Communal Grand Anse Business Centre on Monday, 17 December 2017
  • Launch of Tyrell Bay, Carriacou Connex ATM in February 2019.

Corporate Background

The Communal Co-operative Credit Union Limited is a financial co-operative. Established in 1964, The Communal offers it members saving investments and lending products for personal or business purposes. The credit union’s tagline is Grow With Us, Save With Us. This reflects the main aim of the organisation in serving member needs. At the core of the credit union are the values of Integrity, Competence, Good Governance, Confidentiality, Member Focused and Innovation. These five core values are embedded in the structure of operations. The management of the Credit Union comprises a Board of Directors, Credit Committee, Supervisory & Compliance Committee and Senior Management Team.

Communal Co-operative Credit Union

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Caribbean & World

Millions spent on importation of beef and pork – NOW Grenada

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by Linda Straker

  • As of September, 143,541 kg of beef valued at EC$2,809,463 has been imported in 2019
  • Most imports are from the US, UK, Canada, and Brazil
  • No official data on the number of cattle, pigs and goats butchered during festive season

Grenada appears to be on a path to surpassing the quantity of beef and pork imported into the country for 2017 and 2018, because as of September 2019, data from the Central Statistical Office shows the country has already surpassed the quantity imported in 2017.

In 2017, Grenada imported 138,555 kg of beef valued at EC$3,130,318. The following year 260,195 kg was imported, valued at EC$4,047,579. As of September this year, 143,541 kg of beef valued at EC$2,809,463 has been imported.

155,053 kg of pork was imported in 2017, valued at EC$1,713,728; in 2018 the imported quantity was 235,892 kg which was valued at EC$2,209,699. From January to September 2019, 164,216 kg has been imported, valued at EC$1,498,603.

Though a small quantity is imported from Antigua & Barbuda and Trinidad & Tobago, most of the imports are from the US, UK, Canada, and Brazil. Tenderloin or the tenderest part of a loin of beef or pork, as well as sirloin steak, showed a significant increase in terms of kilos.

The Ministry of Agriculture in a recent statement said that it recognises that there is a shortage of livestock in Grenada and is working to resuscitate the livestock sector.

“The Ministry of Agriculture will develop and implement a livestock policy; introduce new genetic stock at the Laura Livestock Station; strengthen the small ruminant programme at the Limlair Livestock Station in Carriacou and reintroduce the artificial insemination programme among other ongoing initiatives,” said a statement in response to the public concern that a licence was provided to a businessman to import 400 pigs and 100 cattle from St Vincent and the Grenadines.

The statement said the permit was issued to meet the demands of the upcoming festive season. Traditionally, based on observation, pork and beef products enjoy increased consumption during this period. There is no official data on the number of cattle, pigs and goats butchered during the Christmas festive season.

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Garden of Prayer – A Blue Sunday – NOW Grenada

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From swanky shoes to crisp men’s shirts and fashionable ladies’ dresses, members of the Garden of Prayer church on Sunday, 10 November 2019 were decked out in various shades of blue to commemorate their Blue Sunday – a diabetes awareness month initiative.

Every year, to kick off their November activities, the St David’s Branch of the Grenada Diabetes Association starts with a church service. Garden of Prayer was the church of choice this year, as it is right on the border of St David and St George, and many residents of St David attend that church. The group asked the church members to wear blue on that day, and they obliged.

Men, women and children wore different shades of blue, while team members gave presentations on Type 2 Diabetes prevention and management and showed a short video on the importance of a healthy diet which consists of portion and carbohydrate control. Additionally, the St David’s Branch of GDA invited everyone to participate in their two upcoming activities which are:

Free Health and Diabetic Clinic on Saturday, 23 November from 10 am to 2 pm at the Monsignor Cyril LaMontagne Community Centre, Perdmontemps, St David, next to St Dominic’s Catholic Church. Testing will be done by the Student National Medical Association and DIGA of St George’s University (SGU). Services offered: Blood pressure testing, glucose reading, eye examination, food examination, nutrition counselling and doctor consultation.

Free Online Diabetes Management Webinar on Saturday, 30 November from 6:30 pm to 8:00 pm.

To participate: Register by going to http://bit.ly/diabetesgnd2019

Speakers:

  • Dr Francis Martin of the Grenada Medical Association
  • Charisse Bristol of the Grenada Food & Nutrition Council
  • Gemma Stewart of the St David’s Branch of the Grenada Diabetes Association

Organised by Central Health – Grenada and the St David’s Branch of the Grenada Diabetes Association.

Central Health – Grenada

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Grenada installing hydro-meteorological monitoring system

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by Linda Straker

  • 33 new climate stations will be installed as part of Hydrometrics Network
  • Installation began in October 2019 by SUTRON OTT

By February 2020 Grenada will have a fully functional Hydrometrics Network that will provide the relevant authorities with data which will among other things provide early signs that can promote public safety link directly to natural hazards such as floods.

“The development of an improved and effective hydro-meteorological monitoring system is designed to provide real-time or near real-time hydro-met data to support planning, engineering and disaster early warning activities to promote public safety and reduce vulnerability to potential disaster events, as well as improved hazard mitigation,” said a news release from the Ministry of Agriculture and Lands, Communications Department.

Trevor Thompson, Acting Chief Land Use Officer said that 33 new climate stations will be installed as part of the network. “That will comprise Synoptic Stations, Climate stations, Agro-Climate Stations, Hydrometric Stations, Hydrometric Stations with Pressure Transducers, Hydrometric Stations with Radars, Groundwater Stations, and Marine Stations or Tide Gauges,” he said.

The installation of the devices began in October 2019.

Through the project which is receiving support from the World Bank and the Climate Investment Fund, 55 rain gauges will be installed to support the automatic weather stations installed. “The stations will record data such as rainfall, temperature, humidity, barometric pressure, wind speed and direction, evapotranspiration, soil temperature, leaf wetness, solar radiation, river discharge, tide levels, groundwater levels,” Thompson said.

Regional institutions whose work will require the use of the information gathered through the network will also have access to the information gathered through the monitoring system. The installation of the different hydrometric devices at various points throughout the country was contracted to the international company SUTRON OTT.

The ministries and agencies collaborating in this project are the Ministry of Agriculture and Lands, Ministry of Finance, Procurement Unit, Ministry of Climate Resilience, Environment, Forestry, Fisheries, Disaster Management and Information, Ministry of Finance – Physical Planning Unit, Ministry of Carriacou and Petite Martinique Affairs, Ministry of Tourism – National Parks, National Water and Sewage Authority, Maurice Bishop International Airport’s Meteorological Office and the National Disaster Management Agency.

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