Central Co-operative Credit Union Ltd. (CCCUL)

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The Central Co-operative Credit Union Ltd (CCCUL), established in Dominica on July 2, 2007, emerged from the strategic amalgamation of the St. Alphonsus and Portsmouth credit unions. This merger united two of the island's largest credit unions, creating a significant financial institution with combined assets of $59.4 million. CCCUL is committed to providing innovative financial services and solutions to help its members grow their wealth.

About Central Co-operative Credit Union Ltd

The Central Co-operative Credit Union Ltd operates as a member-owned, member-governed, and member-managed financial cooperative. It serves a significant portion of Dominica's population, offering a wide range of financial services tailored to its members' needs.

CCCUL's Financial Services and Community Engagement

• Range of Financial Services: CCCUL provides various financial services, including mortgages, savings, loans, chequing accounts, ATM cards, and insurance.
• Innovative Growth Plans: The credit union has launched growth plans like 'Invest My CCCUL' to encourage and facilitate member investments.
• Community and Member Focus: CCCUL places strong emphasis on education, youth, sports, community engagement, and environmental sustainability. The credit union actively invests in sports groups and leagues and supports schools and non-profit organizations.

CCCUL's Governance and Achievements

• Annual General Meetings (AGMs): CCCUL's AGMs serve as platforms for member engagement and reflection on achievements, such as asset growth, dividend distribution, and capital position improvements.
• New Governance Structure: The credit union regularly updates its Board of Directors, ensuring robust leadership for its financial and community activities.

CCCUL's approach to financial services is characterized by a commitment to its members' well-being and the broader community, reflecting the core principles of cooperative credit unions. This commitment is evident in their successful implementation of various initiatives and consistent efforts to improve member services and community involvement.