Consolidated Annual Report 2023

31 CONSOLIDATED FINANCIAL STATEMENTS 2023 managing risk effectively while proactively adapting and evolving in response to our changing circumstances. Our Credit Union is of significant importance, not only to our members locally and internationally, but also to the local and regional financial services sectors as evidenced by our classification as a systemically important financial institution (SIFI). We fully understand the expectations and responsibility that comes with that badge of honor, and despite what the future may bring we will stay true to our core values and our guiding credit union philosophies to ensure that the Barbados Public Workers’ Co-operative Credit Union Ltd. continues to make a positive social and economic impact so that you can proudly state this is where you belong. Acknowledgement The Board of Directors wishes to extend gratitude to members of the elected committees, our committed staff, sub-committees and of course, you, our members for the commitment, perseverance and resolute support of the achievement of the Credit Union during the year under review. We could not have achieved these milestones without your unswerving support. The Board of Directors also wishes to place on record appreciation for the immense contribution, devotion and commitment of retiring directors Sis. Lydia Lewis, Sis. Jameela Hollingsworth and Bro. Courtney Gibson and to also place on record our appreciation to interim Directors Sis. Nicola Callender and Bro. Cameron Haynes, who joined the board during the reporting period as a result of the impact of the amended By-law 38 on the terms of former Directors Bro. Terrol Inniss and Bro. Glendon Belle who both served in excess of the recently introduced twelve (12) year maximum term limit for elected officers. The selfless service provided by both the interim and retiring Directors is sincerely appreciated. Condolences We take this opportunity to extend special condolences to the families of our long-standing and esteemed stalwarts who passed on and to extend our deepest sympathy to all our members, staff and the wider credit union family who lost loved ones during the reporting period. e-Statements Register now for Co-Optima Connect Online Banking to view your statements electronically! • Receive paperless, monthly account statements to your email • Be able to view electronic statements for up to 6 months. Have you registered for ?

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