Additional information

Mission statement:

Our Mission is to be our members’ primary financial institution, serving the entire St. Elizabeth community by providing exceptional and convenient services at competitive prices. Knowing that timing is of essence the Credit Union will adopt the necessary training and education programme to improve marketability of our members. With the aid of appropriate technology the co-operative will maintain a foundation of financial soundness and sability that will improve members economic and social well being and be a good corporate citizen.

Overview:

The St. Elizbeth Co-operative Credit Union was established in the 1970’s by businessmen Standford Birthwright and Trevor Myers who identify the need for thrift and a source for loan funds for the social and economic development for the town of Santa Cruz. Its first location was on the building of Mr. Birthwright. The Credit Union was registered on March 21, 1972 by the Registrar of Co-operative and Friendly Societies. The Board later expanded the operations to the entire parish.

The Head Quarters was opened on September 1989, ALPART Employees’ Co-operative Credit Union was transferred to STECCUL on October 8, 1986 while Appleton Employees’ Co-operative Credit Union was transferred on December 11, 1994. The Black River branch office was opened on May 3, 1993. Its newest Junction Branch was opened on September 12, 2005.

The Credit Union is a financial co-operative and credit association that provides opportunities for members to save in various instruments. Credit Unions also provide loans to its member at the lowest rates other than would be otherwise available. The Credit Union is operated for the mutual benefit of its members.

The capital funds of the Credit Union comes from the members, who provide the capital, by purchase of shares and normally receives annual dividend on shared on the basis of their investment.

Vision:

Providing excellent service to all members ensuring exemplary leadership and fostering a safe and sound Credit Union.

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