EUSEYIt is my distinct pleasure to warmly welcome you, our members, invited guests and friends to our 67th Annual General Meeting. St. John’s Credit Union has been growing and remains strong over all these years. The year just completed has added to our strength. We have been able to increase our assets whilst our return on profits has been reasonable. It has been a very engaging exercise to keep operating costs under control whilst extending services to all our members. We are satisfied that we have accomplished that; operating within our means, whilst meeting our members’ needs.

 The world can be a difficult and challenging place to live if you cannot make your financial ends meet. Fortunately, for many of us, the credit union has become the bulwark against financial distress. The price of crude oil and  other commodities have remained high on the world markets, therefore keeping the cost of goods and services high, and by extension the cost of living, high. Government Financial Institutions across the world have extended extraordinary and unprecedented amount of credit to the financial markets in order to prevent a financial collapse of the world’s economy. How can individuals and families make ends meet, in an environment where costs keep going up and income does not? The quick answer is by utilizing credit. Your credit union can provide you with the credit you need to keep afloat in these financially troubled times. Encourage your friends and family to join and make use of the services that your credit union offers. Your future will be more comfortable and safe through your credit union. When you save you invest in yourself; when you borrow you invest in yourself and your community. Yes, your credit union helps in building your community through the loans and many services it provides.

We live in a competitive environment. Many other financial institutions also offer loans and services. Credit unions in Belize have been offering the lowest rates on loans for years. The competition is now trying to offer lower rates, but I urge you to examine and explore the credit union difference. We offer lower rates on loans, low rates on fees, free insurance in case of demise, sharing in the profits, low cost burial scheme and a community spirit. Do not be phased by the offerings of the competition, just compare the difference and you will be reassured that your credit union has the better plan over time. The credit unions are member owned; why invest in any other kind of financial institution when you can develop your own.

Fellow credit union members your future is before you, grasp it, embrace it, and engage fully the services of your credit union. Seize the opportunities as they occur and shape your future. Do not allow somebody else to shape it for you. Remember with your credit union many things are possible.

Eric D. Eusey| President SJCU

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