The Prime Minister and Minister of Finance of St Kitts and Nevis have officially declared the Credit Union Day celebration week open. The week of activities will run from 16th to 20th October in the country to celebrate this special occasion.
The third Thursday of October is celebrated as International Credit Union Day every year. This year, the day has fallen on the 19th of October. The day commemorates the 75 years of achievements accumulated by the credit unions. This day is celebrated to recognize the remarkable effort undertaken by all the members.
This year, Credit Union Week will be celebrated in St Kitts and Nevis to recognize and appreciate the commitment and dedication of all credit unions worldwide.
“This week is not just a celebration of progress made by credit unions locally and across the globe but also a moment to reflect values they uphold Solidarity, Community and Financial Inclusion”, said PM Terrance Drew.
During the address, the PM Drew spoke with emphasis on the St Kitts and Nevis Cooperative League. He stated that this league has played a crucial role in fostering economic empowerment and social development through its various innovative programmes. He also stressed that the league’s dedicated efforts have made the citizens’ complex dreams and aspirations a reality.
The PM Drew also spoke of the need to cope with modern technologies and underlined the credit union’s commitment to adapting to this digital age. He also added that every community member has access to the innovative tools and opportunities they need to flourish.
He also shed light on the functioning of the four operational credit unions of St. Kitts and Nevis: St Kitts Cooperative Credit Union, The Nevis Co- Cooperative Credit Union, The Police Cooperative Credit Union and The First Federal Credit Union.
The PM explained how these four credit unions are critical drivers in promoting community empowerment and financial inclusion. He said these four credit unions were pivotal in stabilizing the members’ lives.
This celebration in St Kitts and Nevis symbolises maintaining the country’s economic prosperity and financial well-being for the coming years as well.