Caribbean Financial Network

Easter Caribbean Stock Exchange

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The Eastern Caribbean Securities Exchange (ECSE) is a fully electronic regional exchange that was promoted by the Eastern Caribbean Central Bank (ECCB), as a part of a programme to develop money and capital markets in the Eastern Caribbean Currency Union (ECCU). The ECSE, was launched in October 2001 , along with two subsidiaries, the Eastern Caribbean Central Securities Registry (ECCSR) and the Eastern Caribbean Central Securities Depository (ECCSD), to provide the infrastructure for the trading, clearing and settlement, and registration and transfer of financial assets on the Eastern Caribbean Securities market (ECSM) and, subsequently, the Regional Government Securities Market (RGSM). The ECCSR was subsequently would up, as a part of a Group rationalisation exercise, and its activities subsumed into the ECCSD. Consistent with industry norms, the ECCSD then became a full service CSD providing a full range of post trade services.

Community First Co-operative Credit Union

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St John
Objectives In pursuit of its mission, the CCCU performs the following broad functions: Defending and representing the interest of the Co operative Sector; Providing technical and managerial assistance to strengthen and expand the Co-operative Sector; Promoting and facilitating technology transfers and expertise; Conducting promotional and educational campaigns to showcase Co-operative Sector achievements and benefits; Organizing educational conventions and other fora to strengthen leadership, governance and management; Providing directors and employees opportunities for skills training with regional and international certification; Mobilizing financial and technical resources for expanding the sector

Trinidad Stock Exchange

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Port of Spain
The Securities Market which informally existed in Trinidad & Tobago for well over twenty years prior to the opening of the Trinidad & Tobago Stock Exchange really achieved significance in the early 1970's when Government decided as a matter of policy to localise the foreign owned commercial banking and manufacturing sectors of the economy. The thrust of the policy was to get such companies to divest and sell a majority of their shares to nationals. Two bodies chosen to effect this policy were the Capital Issues Committee which was set up by the Ministry of Finance in July 1970 to direct developments in the primary market and the Call Exchange (an association of share dealers) which was established under the umbrella of the Central Bank in August 1965 to monitor activities in the secondary market.

Teachers and Salaried Workers Credit Union

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In 1976. The Bahamas Union of Teachers Executive Committee sought to investigate ways and means of propelling the membership towards greater financial security and economic stability. Presented with this alternative, the Credit Union' idea, they explored the philosophy: "People helping people to help themselves." Being satisfied that this was the way forward, the executive drafted the necessary Bye-laws embracing the Credit Union Philosophy. Application for registration was made to the Department of Co-operative Development in 1976. On February 14, 1977, The Bahamas Union of Teachers Co-operative Credit Union was officially registered under the Co-operative Societies Act of 1974. We started with twelve (12) members and in April 1977, the first deposit of Ninety Dollars ($90.00) was made to the Credit Union's bank account. Four months later, the first loans were made to members.

Antigua Commercial Bank

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St. Johns
Antigua Commercial Bank (ACB) is the largest indigenous commercial bank in Antigua & Barbuda, with an asset base of over one billion Eastern Caribbean Dollars. ACB was incorporated on October 20, 1955, as The Antigua Co-operative Bank Limited, when it registered a share capital of EC$100,000 and became the country's first indigenous bank and public company. The Bank’s operations started on January 3, 1956, at the former Chelsea Building on Newgate Street in St. John’s, its first location. In its early years, ACB became well known for assisting entrepreneurs and small business owners, who started their operations as national pioneers. The Bank also allowed customers to open savings accounts with a minimum amount as low as a penny (2 cents), thus earning the name “Penny Bank” in its formative years.

Barbados Public Workers' Co-operative Credit Union Limited

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+1 246-622-9000
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In 1968, members of the Civil Service Association Trade Union (which represented the majority of civil servants in Barbados) made an application and were granted permission to form a Savings Society. By 1969 the objective of the executive of this Society was to have it registered as a Credit Union. On May 6th, 1970 the Barbados Civil Service Association Credit Union Limited (as we were then known) was registered. In 1977, in order to broaden its bond of membership, the name was changed to Barbados Public Workers' Co-operative Credit Union Limited (BPWCCUL). This bond would now allow the inclusion of former civil servants, staff of statutory boards, husbands, wives and children of members as well as employees of the National Union of Public Workers.

Bank of The Bahamas

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When Bank of The Bahamas received the Euromoney Award for Excellence this year for the fourth time and was named Best Bank in The Country by The Banker, part of the Financial Times Group, for the third time during the same fiscal year, it was an historic milestone in the nation and for the young bank. No other Bahamian bank had ever come close to achieving such international recognition. Yet Managing Director Paul McWeeney hesitated to publicize the two awards, believing the news should be shared with shareholders and stakeholders as opposed to making it a reason for boasting when so many in the nation are still struggling. The Bank, he believes, should continue to do what it has done to grow from infancy 24 years ago to where it is now, rather than basking in recognition.

St. Francis Xavier Credit Union Ltd.

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Founded in 1947 by Rev. Henry Suttie S.J. It functioned for some years, but it was financially weak and stagnant. In December of 1979 it was re-organized by Fr. James Walsh S.J., and under new management, it has been growing and thriving since. St. Francis Xavier Credit Union Ltd. is a cooperative financial institution, having a Cooperative Structure. However, Credit Unions are different from other financial institutions in several unique ways. They are organized for the purpose of providing financial services to a certain group of people, the members. All surplus earnings are returned to its members in the form of dividends and rebates annually. It is a democratically controlled organization; each member has one vote. “People Helping People” is the basic philosophy of the Credit Union.