H.R.C.U. records another good financial year

On Wednesday, the Holy Redeemer Credit Union held its fifty-eighth annual general meeting…and as usual, the nation’s most widely owned financial institution is doing remarkably well. H.R.C.U. reports a seventeen percent increase in assets, eighteen percent increase in savings and a net profit of twelve point six million dollars. The result for shareholders is that they will receive a six- percent dividend on savings and an interest rebate of ten percent. The credit union has a membership of over thirty-three thousand and will soon be completing a new three-storey addition to its headquarters on Hyde’s Lane. At the AGM, union officials announced that credit unions in Belize have received permission to provide checking accounts, ATM service and issue credit cards… areas once reserved only for banks. Holy Redeemer is expected to begin offering these new services in the near future.