H.R.C.U. has another big year for members

It is Belize’s largest publicly owned financial institution and last night’s annual general meeting of the Holy Redeemer Credit Union did not disappoint its forty thousand members. The institution reported assets of over two hundred and ninety million dollars, an increase of ten point four percent from last year and net profits of twenty point five million, a nine point one percent rise. Based on that performance, the credit union declared a dividend of seven point five percent and an interest rebate of ten percent. In reports from management the H.R.C.U. welcomed closer regulatory supervision by the Central Bank and announced that the receiving station at Independence Village would be upgraded to a full fledged branch, complete with its own newly constructed building.