GPSCCU Annual Report 2013
Loans Disbursed by age - 2013
Years
18-25
Amount
Value EC$
229
1,419,978
512
2,989,545
31-35
634
6,761,236
526
4,955,155
41-45
538
8,045,735
533
8,785,222
582
8,189,276
303
3,567,136
173
1,303,187
104
588,075
150
468,118
4,284
47,072,663
26-30
36-40
46-50
51-55
56-60
61-65
66-70
71 and over
Loan Disbursement By Gender
Gender
Male
Female
Number
Value
2082
24,426,827
2202
22,645,836
47,072,663
General Observations
The Credit Committee was unable to approve a total of thirty-six loan applications for 2013. This was mainly due to members’
existing debt level being too high or the risk the Credit Union being too high.
We again remind members that there is still an on-going global economic crisis and careful planning must be done before
undertaking additional debt. This underscores the need for consistent saving and investments in productive assets of which the
Credit Union’s Equity Shares is a viable option.
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Conclusion
We thank the Members of the Board, the Supervisory and compliance Committee, the Management and Staff and most importantly
the members of this noble institution for the opportunity to serve on the Credit Committee for another year and the support
given in doing so. As we look forward to the successes and challenges of 2014, we assure you that the Credit Committee will
continue to serve in the most professional manner for the growth and development of our Credit Union.
Terrence Victor
Chairman