1. 

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

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

6.  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. OVERVIEW OF REGION

7.  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. SECTOR PERFORMANCE MIXED FORTUNES

8.  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. SECTOR PERFORMANCE MIXED FORTUNES

9.  BOARD MEETINGS HELD THREE TIMES DURING THE YEAR IN GUYANA, ST. MAARTEN AND GRENADA.

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

11.  CUNA MUTUAL‘S ANTHONY HALL RETIRED FROM THE BOARD AND WAS REPLACED BY ANDRE GOINDOO. .

12.  DEPUTY GENERAL MANAGER APPOINTED.  AUDIT AND CONVENTION SUB-COMMITTEES APPOINTED.

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

15.  WEBSITE REDESIGNED.

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

17.  53 RD ANNUAL CONVENTION ADVOCACY AND REPRESENTATION

18.  AWARDS AND RECOGNITION

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

20.  STATUS OF TORTOLA’S MOVEMENT.  TRINIDAD AND TOBAGO MOVEMENT REUNIFICATION.

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

22.  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.  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.  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.  HAITI DESTROYED BY EARTHQUAKE.  ASSISTANCE MOBILISED FROM CARIBBEAN CREDIT UNIONS.

26.  HURRICANE TOMAS’ IMPACT ON ST. LUCIA.  ASSISTANCE MOBILISED FROM THE REGION AND WOCCU.

27. 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 LOOKING FORWARD

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

29.  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