116 BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED Barbados Public Workers’ Co-operative Credit Union Limited Notes to the Consolidated Financial Statements March 31, 2026 (expressed in Barbados dollars) 84 24 Financial Risk Management …continued 24.2 Credit risk …continued The movement across ECL stages at March 31 were as follows: 2025 Stage 1 $ Stage 2 $ Stage 3 $ Total $ Expected credit loss allowance Beginning balance 2,256,080 462,829 41,824,582 44,543,491 Stage 1 to stage 2 (31,861) 31,861 – – Stage 1 to stage 3 (22,202) – 22,202 – Stage 2 to stage 1 478,337 (478,337) – – Stage 2 to stage 3 – (111,825) 111,825 – Stage 3 to stage 1 7,931,394 – (7,931,394) – Stage 3 to stage 2 – 738,642 (738,642) – Net ECL re-measurement (9,069,567) 259,328 3,669,416 (5,140,823) Amount written off – – 318,389 318,389 Ending balance 1,542,181 902,498 37,276,378 39,721,057
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