Acting PM encourages Credit Union thrift
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Contact: Ryan O'brian
Tuesday, September 4, 2007 – Acting Prime Minister Honourable Stephenson King has applauded the Elks City of Castries Co-operative Credit Union for its perseverance and longevity.
Mr King made the comments while delivering the feature address at the formal opening ceremony of the Union's new premises at the corner of Brazil and Coral Streets over the weekend.
The Acting Prime Minister told the gathering he was actually a member of the Elks City of Castries Co-operative Credit Union and made a plea for Saint Lucians to get involved in the credit union movement.
“ I believe that people's participation in the credit union movement, particularly at an early age brings about the spirit and the culture of thrift – one which is absent in our society today, particularly at a time when society seems to be driven by the niceties and materialism that pervade our society.” said Mr King.
The acting Prime Minister, who is also responsible for Co-operatives, expressed a desire for more young people to play an active role in keeping the co-operative movement alive and to make proper use of the services it provides.
“ I do hope that your organisation which started 40 years ago and was reconfigured sometime recently presents an opportunity for the participation, not only of those who were involved then, but for the younger folk who may be attracted to an institution that provides opportunities for savings and access to funding, resources for funding of activities of need, rather than activities of want.” he suggested.
The Elks City of Castries, Co-operative Credit Union has a membership of 4,000 members and a fixed asset base of over one million dollars. |
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