Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
Jamaican finance minister lauds CUs for aiding small biz
KINGSTON, Jamaica (6/25/10)--Jamaica's Finance Minister praised credit unions for assisting small businesses with low interest rates and urged commercial banks to lower their rates to private sector investors, according to a report in a Jamaican newspaper. The comments by Finance Minister Audley Shaw were made during his keynote address as the 33rd Annual General Meeting and Awards Ceremony of the Hanover Cooperative CU Ltd. in Lucea, Hanover (Euclid Infotech---Banks and Financial Institutions News (June 22). He said he supports investment at lower interest rates and questioned why the country's interest rate on loans is as high as 20%-25%, when people all over the world are borrowing at 6% and 7%. He noted that "it cannot go [on] like that." Shaw added that he strongly believes in the credit union movement and what it offers to members, and lauded the Development Bank of Jamaica for its support for credit unions. The bank has been mandated to bring the credit union system under greater regulation while not stifling credit unions' initiative or enterprise, he said.
Other Resources

RSS





print
News Now LiveWire
Watching #SuperBowlXLIX this Sunday? Look for regional #creditunion #commercials @CltMetroCU @BECU @golden1cu #Seahawks #Patriots
19 hours ago
Philadelphia's American Bakery Workers FCU liquidated by @TheNCUA; @trumarkonline assumes shares
19 hours ago
More branch shutterings by @Citi: 4th-largest bank to close 10% of #Chicago area branches HT @CrainsChicago http://t.co/2vAvgucLY5
20 hours ago
56% struggle with subprime credit scores says @cfed survey HT @washingtonpost http://t.co/RHmMvuhNtw
21 hours ago
How to use social media for crisis communications Feb. 10 webinar from @SBAgov, @AgilityRecovery http://t.co/d16t8RHr7n
21 hours ago