ROTARIANS LEARN MORE ABOUT THE ELEUTHERA CREDIT UNION

Posted by Jacquie Gibson on Jul 19, 2016

President Colin Moss and a team from One Eleuthera Cooperative Credit Union (OECCU) presented on the newly formed Credit Union "Benefits of joining a Credit Union" to Rotarians. The OECCU is a non-profit cooperative society in the savings and loan business. It is owned and operated by people who have joined together to save regularly and lend money to each other.

The OECCU is compliant with regulations set by the Central Bank of The Bahamas and works in the same capacity as a regular bank except it is owned and managed by the members of the Credit Union.

The aim of the Credit Union is to assist with empowering residents of Eleuthera by promoting savings, shareholdings, financial services and counseling, and encouraging Eleutherans to become owners and operators of their own financial institution. The bank is managed by Eleuthera Rotarian Walter Carey.