17 SEPARATE ANNUAL REPORT 2026 Legacy Foundation Legacy Foundation continues to serve as a key channel for BPWCCUL’s commitment to social development, reflecting the Credit Union’s enduring philosophy of “people helping people” and fueling transformative social development across Barbados. Through strategic investments in projects that promote wellness, empowerment and learning, the Foundation supports initiatives that bring lasting value to communities across Barbados. During the reporting period, the Foundation received expressions of interest for grant funding in various areas, and after careful review and alignment with funding priorities, the following initiatives were selected: Legacy Youth Entrepreneurship Residency: A partnership with the Hibiscus Sports & Cultural Foundation, which targets youth aged 16-25, primarily from rural communities, delivering mentorship for their entrepreneurship ventures. • The Noel Gittens & Ezra Moseley Cricket Practice Wickets – The St. Michael School: This pro-grade dual practice wicket will be used by the school and local communities to enhance cricket training. • New Growth Aquaponics & Farming Projects which teaches sustainable farming, entrepreneurship and equips the youth with green skills, boosting food production and climate resilience for the Ellerslie Secondary School and Phase II of the Ellerton Primary School. As Legacy Foundation looks to the future, it remains committed to identifying opportunities that advances their mission and expand their network of partnerships that drive real, inclusive progress. Two new projects have been approved for funding in the next fiscal, namely: year: • Sensory Room Refurbishment and Redevelopment Project at the Albert Cecil Graham Development Centre to create a safe, multisensory environment for children who benefit from therapeutic support, improving access to services for those with autism spectrum disorder, developmental delays and related challenges. • A Pilot Project - Legacy Music & Money Programme which is expected to use music as an entry point to improve mental well-being and self expression, through standards based training and equipping young people with the financial literacy and entrepreneurial skills needed to navigate the creative industries. The Foundation will continue to monitor the progress of funded projects and provide support as needed to ensure long-term success. BPWCCUL members, your support powers these victories! Together, we’re building a brighter Barbados! Building Organisational Capability and Workforce Excellence Throughout the fiscal year, the Group continued to advance its people strategy by strengthening organisational capability, enhancing employee engagement, and reinforcing a culture of accountability, performance, and member focus. Key initiatives were directed toward workforce optimisation, leadership development, employee recognition, and effective workforce governance, ensuring the organisation remains well-positioned to achieve its strategic objectives and deliver sustainable value to members and stakeholders. Key Developments Recruitment, Workforce Alignment, and Capability Building During the fiscal year, the Group strengthened its workforce through targeted recruitment and strategic workforce alignment, filling 45 positions across leadership and operational levels to support organisational priorities and future growth. A key transformation initiative was the integration of loan processing functions into the branch network, bringing decision-making and service delivery closer to members. This realignment improved operational efficiency, reduced average loan processing times to under ten days, and enhanced accountability for the member experience. The Group also continued to invest in workforce capability, focusing on leadership, service excellence, credit underwriting, compliance, governance, and people management. These investments, supported by ongoing coaching and performance management practices, have strengthened organisational capability, reinforced a culture of continuous improvement, and positioned the Group to execute its strategic agenda effectively. Together, these initiatives reflect our commitment to maintaining an agile, high-performing, and memberfocused workforce, capable of delivering sustainable value to members and stakeholders. Job Evaluation The initial phase of the job evaluation exercise was completed, and the results of the initial grading review, were implemented across the Group. An essential element of the process is the commitment to fairness and transparency, which includes providing employees with the opportunity to appeal the outcomes where there may be concerns. Despite the ongoing need to further refine certain job description reviews, we have made good progress in advancing the appeals throughout the year
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