Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Catalyst shares balance sheet strategies with Belize CUs
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.


RSS print
News Now LiveWire
Va. #creditunion league breaks ground on new HQ #NewsNow http://t.co/Cn24i1hOHV
18 minutes ago
NJ Lt Gov Kim Guadagno shares her #creditunion story at @NJCUL convention #NewsNow http://t.co/2B7QiuUK9p
44 minutes ago
#NewsNow: 2013 mortgage data shows 14.8 mil applications, 2.8 mil purchases and more. http://t.co/DId2VFrsEr
1 hours ago
The story of @allegiancecu's Florence Rogers is captured in expanded OklaCity bombing memorial via @WSJLife http://t.co/CmF0xfPcJ4
1 hours ago
.@VACUL breaks ground for new HQ in Richmond #NewsNow http://t.co/cOC0rqqJ9o
2 hours ago