Credit union marks 30 years

GUT’s Secretary Egbert LaGeer outlines activities for 30th Anniversary celebrations

The Grenada Union of Teachers Co-op Credit Union LTD (GUT) has announced plans to hold one year of activities to mark its 30th Anniversary beginning this month.

Celebration activities begin with an essay and poetry competitions for primary and secondary students throughout the country.

The theme for the competition which runs from January to March, is, “Pivoting on a strong Foundation: Forging towards Financial Distinction”.

Plans for the year of celebrations were reveled by Secretary of the credit union, Egbert LaGeer during a press launch held at GUT office in St George on Tuesday.

He disclosed that during the month of January to August and continuing for a period of three to five years, students throughout the country including Carriacou will have the opportunity to learn more about the Calypso artform, writing and composing calypso.

The month of January also brings entertainment for smart savers of the Credit Union during a Fun Day at the Morne Rouge Playing Field in Grand Anse at the end of March.

April was the month of birth of the Credit Union and according to LaGeer, three activities will mark that special occasion.

GUT’s President, Florina Thomas is happy with GUT’s accomplishments

Financial Management workshops for credit union members will take place on April 3 and an ecumenical service followed by a special Annual General Meeting (AGM) is fixed for April 4.

On April 9, the actual date on which the Credit Union was officially formed, a gala awards ceremony is planned to recognise the founding members among others who contributed towards the development of the Credit Union.

A special promotion will be unveiled during the month of October (Credit Union month) aimed at building the credit union membership.

According to LaGeer details of the 30/30 promotion will be disclosed at a later date.

Last year, the Credit Union sponsored 10 students attending the T.A. Marryshow Community College (TAMCC). However in recognition of the 30th Anniversary celebrations, 30 needy students will receive sponsorship this year.

GUT’s President, Florina Thomas who also addressed the press conference said the credit union is proud of its accomplishments over the past 30 years, as they have moved from one staff to more than 20 employees, ownership of three mega buildings in the town of St George, built up a membership of more than 7,000 persons, with five offices throughout the country including Carriacou and having in excess of $88 million in assets.

Thomas noted that the goal is to become the number one financial choice for its members with heavy focus on its youngest members – Smart Savers, as they are the future of the credit union.

She said she is proud of the credit union, as it has done remarkably well as a financial institution and looks forward to its continued expansion.


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