PLANO, Texas (11/10/110--Bryan Turner, director of advisory services for Catalyst Strategic Solutions, shared balance strategies with 130 attendees at the the Belize Credit Union League's annual meeting and training conference, held in San Ignacio, Belize, last month.
Turner's session was part of a relationship that Catalyst Corporate forged with the Belize credit union league more than five years ago.
The presentation--one of four concurrent sessions during the daylong training event---focused on financial management. The session leaned toward the basics, Turner said, with an emphasis on financial management concepts and balance sheet strategies.
The credit union movement in Belize resembles a U.S. credit unions in the 1960s, Turner said. Lending at credit unions in Belize is caught in a balancing act "between character and collateral," he added. While there appears to be an emphasis on placing members first, Turner said that philosophy must be balanced with financial fundamentals.
The credit union system in Belize serves working individuals in the city and in rural regions. Belize has 13 credit unions, with 12 belonging to the Belize league. Though some are common bond, the larger institutions are community-based, and offer consumer lending and agricultural lending products.