San Jose Credit Union

Credit Unions as a Good Corporate Citizen San Jose Credit Union Dominican Republic CCCU Convention - June 2009

The San Jose Credit Union Inc., was founded in 1951 in the municipality of San Jose de las Matas, Province of Santiago, Dominican Republic.

This Institution has become the biggest Credit Union of the Country with a Membership of more than 60 thousand. Assets of US$130+ Million

Social Responsibility San Jose Credit Union Strongly believes that having a social responsibility to our members and our Community begins with  Strong Financial Results  Professional Management of our Members Funds

San Jose Principals are based on Financial Strength  Fulfillment of the Financial conservative norms universally accepted.  Application of an Ethics Code for directors and employees.  Development of talent and leadership.  Constant monitoring of the operations through a financial indicators tools.

Financial Aspects, Cont….  Establishment of procedures and Handbooks.  Administration of assets in agreement with the established recommendations.  Controlled loan delinquency and reserves for risky assets.  Supervision throughout External Auditors, Internal Auditors. Advice of monitoring and the Credit Union Association.  Protection of goods and savings of the members with an ample insurance coverage.

Saving in the CU from

CU Profits

Last 10 years the CU provided over 72,300 Loans creating over 150,000 jobs.

San Jose Loan Portfolio

Delinquency Ratios

Appropriate management of Expenses

Expenses as a % of Assets

Assets $ RD Pesos

New Members per year

Social Programs

Created The San Jose Foundation. To support. Education and Human development throughout a Scholl of art and Art Gallery.

Social Programs  Established an emergency Fund to provide loans with preferential rates for health problems.  Service of ambulance and funeral aid.  Annual Awards and cash contribution to the 30 best Charity non profit organizations.

 Strategic alliance and permanent collaboration with public & privates institutions to face basic aspects like: – Pollution / contamination – Water supply and energy. – infectious diseases. – Child Employment. – The violence against the woman. Social Programs

 Awards and recognitions to the most outstanding students, supporting the following activities:  Sports matches  Alphabetization program  Regional celebrations.  Contests of reading, painting and poetry.  Cultural programs

Program of Reforestation and Protection of Atmosphere.

Program of Reforestation and Protection of Atmosphere.

Reforestation Area

 What would be the situation of the Financial WORLD if they would follow the Credit Union’s and San Jose’s CU philosophy.?

 What would be the Situation of the Caribbean and Latin America if the $$ Billions of Dollars used to rescue the failed banks were used to promote the Credit Union Movement around the world.?

San Jose Credit Union The world would be a better place !!!!! “Credit Unions and their principles are the solution”