Address by Hon. Damian Greaves on Credit Union Week - October 14, 2001
Home Up Statement by Hon. Damian E Greaves on the Nursing Program in Cuba Address by Honourable Damian E. Greaves on World Population Day July 11, 2006 Address By Honourable Damian E. Greaves On The Occasion of World No Tobacco Day May 31, 2006 Address by Honourable Damian E. Greaves at the Annual Nurses’ Awards Ceremony Address by Honourable Damian E. Greaves at the Regional Council Meeting And Strategic Planning Meeting of The Caribbean Association Of Medical Technologists Address By Hon. Damian Greaves Minister For Health, Human Services, Family Affairs And Gender Relations International Day Against Drug Abuse And Illicit Trafficking - June 26, 2004 The Occasion Of World Health Day- April 07th, 2004 Message by Hon. Damian E. Greaves Minister for Health, Human Services and Family Affairs World AIDS Day – December 01st, 2003 WORLD NO-TOBACCO DAY - MAY 31,2003 Address by Honourable Damian Greaves on the occasion of World Tuberculosis Day - March 24, 2003 Address by Hon. Damian Greaves on the Occassion of World Health Day – April 7, 2002 Address by Hon. Damian Greaves on Credit Union Week - October 14, 2001 Emancipation Day Address 2001


Every year members of credit unions worldwide set aside a week to commemorate the positive difference that co-operatives make in the lives of people.  This year, October 14th – 20th  is being celebrated as International Credit Union Week, under the theme, “Co-operation …. The Power of Many to Change the World.” The main focus of the week will be featured on Thursday October 18, International Credit Union Day.

Here in St. Lucia we can celebrate with pride knowing that the Credit Union Movement is well rooted in the way of life of our people.  Many St. Lucians have included Credit Unions as their provider of financial services.  In fact, as at December 2000, Credit Unions had  a membership of more than 28,000 and assets in excess of  $128 million.

This year’s theme, “Co-operation…. The Power of Many to Change the World,” reminds us of the impact of the synergy which can be created when people pool together.  The events of September 11 in the U.S. showed us how the collective effort of a few has changed the world and it will take the power of co-operation from the rest of the world to restore order and faith in the many systems which govern our lives.

In achieving that restoration we know that a multitude of challenges await us. However, we also know that these same challenges will prove to be some of the greatest opportunities to demonstrate the power of co-operation.  The Trade Union and Co-operative Movement are empirical examples of the power of many acting together to achieve a common cause and as a result did change the world.

Today over 760 million individuals worldwide continue to choose the advantage of co-operation by being members of co-operatives.  They have demonstrated that the co-operative advantage extends beyond the membership of the organization and indeed to the communities in which they operate.  In the developed world co-operatives set industry standards by putting into practice their values and ethics.  In some countries, they are seen as leaders in promoting food safety and security, in protecting the environment and in providing decent employment.  Still in others, co-operatives are building peaceful societies by promoting understanding and collaboration among persons of different cultural and income background.

In our own context, our farmers and fishermen, taxi drivers and mini-bus operators could improve their livelihood by appreciating more fully the power of co-operation.  It is essential that we understand the benefits and strengths of people coming together to meet specific needs in a collective manner.

Currently the Department of Co-operatives is implementing a programme aimed at improving the ability of Fishermen Co-operatives to deliver quality services to their members.  For that programme to be successful, fishermen must be willing to allow the co-operative to work on their behalf.  Also, members of the co-operative must carry out their function of membership with commitment and dedication.

At the moment there is renewed interest in the co-operative form of business from several quarters.  The challenges of the market economy have marginalized many, and so the need to seek a form of business that would provide leverage in the system.  Whereas co-operatives are self-help organizations, members need to appreciate the fact that in order to be competitive and provide long-term economic and social advantages, their organisations have to be efficient.  Efficient towards their members by delivering the envisaged services; efficient institutionally by being economically viable and socially effective.

Co-operatives of all sorts must have the vision of becoming world class providers of goods and services.  In today’s world of business, quality is one of the distinguishing factors for success. Quality enables a business to be competitive and stand out among the pack.   The Credit Union Movement has over the years continued to experience growth and with that growth comes the complexities of remaining competitive. Then to continue to be competitive, the Movement must develop organizations that can offer world class quality financial services to its members.

Co-operatives continue to share their beliefs with millions of people around the globe.  They are also working  towards sharing the world’s wealth with those people.  As Credit Unions in St. Lucia continue to play their part in accomplishing that goal, always bear in mind that you have Government’s full support.

I wish you success in the implementation of your programme of activities for this year. It is with distinct pleasure that I declare International Credit Union Week open.  And remember:  what we can’t do alone, we can do together.

[Back] [Up] [Next]

© 2012 CompanyLongName. All rights reserved.

Read our privacy guidelines.