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Annual General Meeting 2019 PDF Print

All Members of the Barbados Teachers’ Co-operative Credit Union Limited are invited to attend the Annual General Meeting at Hilton Barbados Resort, Needham's Point, St. Michael on Saturday, June 22, 2019 commencing at 3:30 p.m.

From this year it has been determined that bona fide members will be issued with armbands which will allow them to participate in:

The business session

Voting on any motions etc.

Eligibility for prize draws

Refreshment.


 

Thanks for your co-operation.

 

 



                


Agenda

Ascertainment of quorum

Call to Order

Prayers

Welcome 

Adoption and Confirmation of the Minutes of the last Annual General Meeting held on June 09, 2018 

Matters Arising Therefrom

Reports for the Financial Year Ending March 31, 2019 

(a)  Board of Directors

(b)  Credit Committee

(c)  Supervisory Committee

(d)  Audited Financial Statements

(e)  Treasurer’s Report

Amendment to By-Laws

Resolutions 

Appointment of Auditors

Setting the Maximum Liability

Distribution of Surplus

Report of Nominating Committee

Election to Committees

(a)   Appointment of Returning Officer

(b)  Election of Officers

1.      Board of Directors

                   2.   Credit Committee

                   3.   Supervisory Committee

Any other Business

Closure of Meeting

 

REFRESHMENTS WILL BE SERVED

 

Anthony Alleyne 

Secretary

 

 

 

Did You Know?

1.) All loan applicants must be bonafide members of the Credit Union.

2.) All new members must complete a minimum time requirement of membership, with the Credit Union to qualify for a loan in excess of their Savings unless approved by the Board under special circumstances.

3.) A member who has been required to clear arrears resulting from delinquency must observe a waiting period of three months after completion of such payment before a new loan may be approved for that member.

4.) A loan shall not be granted to a still member (that is, a member who is not making  contributions to shares) over and above his/her share value, unless that member makes contributions to shares for the last three(3) consecutive months. (By-Law 79)

  Details...

A person is eligible to apply for a loan at a Ratio of 3:1, after being accepted as a member.

After One Month of membership, the ratio moves to 5:1

After Two Months of membership, the ratio moves to 8:1 

After Three Months of membership, the ratio moves to 10:1

Please Note that the member must make a contribution to Shares every month, even though her/she might be repaying a loan.

  Details...

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