Cli­co Cred­it Union (CCU) has just un­der $500 mil­lion in as­sets and a div­i­dend pay­out of 4.5 per cent, cou­pled with a 7.5 per cent loan re­bate pay­out. 

This was an­nounced by CCU’s re-elect­ed pres­i­dent, Ashraff Ali, at its 75th an­nu­al gen­er­al meet­ing held at the Hy­att Re­gency Ho­tel last week. 

Ali em­pha­sised CCU's jour­ney of evo­lu­tion since its in­cep­tion in 1946, em­pha­sis­ing the in­sti­tu­tion's agili­ty and com­mit­ment to de­liv­er­ing val­ue to its mem­bers. 

“At 77 years young, Cli­co Cred­it Union moves with the grace of a young, ag­ile or­gan­i­sa­tion. But to thrive in the years to come, we must build up­on this foun­da­tion and chal­lenge our­selves to think dif­fer­ent­ly. We must be bold in our vi­sion, in­no­v­a­tive in our strate­gies, and un­wa­ver­ing in our com­mit­ment to adapt and evolve with the times," Ali said. 

Al­so speak­ing was the cred­it union's CEO, Hol­land Bronte Tin­kew, who out­lined CCU's strat­e­gy, em­pha­sis­ing mem­ber-cen­tric­i­ty as well as the pur­suit of qual­i­ty growth in all port­fo­lios with the ad­di­tion of a new or­gan­i­sa­tion in­to the CCU fam­i­ly; all em­ploy­ees of the re­gion­al health au­thor­i­ties now have the op­por­tu­ni­ty to ap­ply for mem­ber­ship. 

At the meet­ing, CCU’s achieve­ments in 2023 were high­light­ed, which in­clud­ed part­ner­ing with the Trinidad and To­ba­go In­ter­na­tion­al Fi­nan­cial Cen­tre  (TTIFC) and Unit­ed Na­tions Democ­ra­cy Fund (UNDF) to im­prove and en­hance fi­nan­cial ac­cess in Trinidad and To­ba­go, via the cred­it union net­work. 

Al­so the in­tro­duc­tion of a vil­la re­fer­ral/loy­al­ty pro­gramme to pro­mote the or­gan­i­sa­tion’s vil­las in To­ba­go and an en­hanced pub­lic web­site and on­line/mo­bile bank­ing plat­forms. 

CCU in­tro­duced on­line new mem­ber on­board­ing for en­hanced con­ve­nience; launched an in­au­gur­al stu­dent bur­sary pro­gramme of­fer­ing schol­ar­ship grants to high-achiev­ing stu­dent mem­bers across SEA, CSEC, CXC, and ter­tiary lev­els and im­ple­ment­ed the in­sur­ance sub­sidiary of Cli­co Cred­it Union, Cli­co In­sur­ance Com­pa­ny Ltd. 

The meet­ing saw the re-elec­tion to CCU's board of di­rec­tors of Ashraff Ali, Natasha Pet­ti­er, and a new di­rec­tor, a long-serv­ing mem­ber, Fred Vi­dale.  

The Board ex­pressed grat­i­tude to re­tir­ing di­rec­tor, Rod­ney Smart for his con­tri­bu­tion to CCU. 

In clos­ing, Pres­i­dent Ashraff Ali stressed CCU's com­mit­ment to mak­ing a pos­i­tive dif­fer­ence in mem­bers' lives and the com­mu­ni­ties served.  

Mem­bers shared their sug­ges­tions for con­tin­ued im­prove­ment and were as­sured of CCU's ded­i­ca­tion to their fi­nan­cial suc­cess and well-be­ing.