Credit union’s vision applauded
CAPITA FINANCIAL was launched with much pomp and ceremony last night at Hilton Barbados, Needham’s Point, St Michael.
Featured speaker, Minister of Foreign Affairs Senator Maxine McClean, said Government was mindful of the critical role the financial services sector played the lending system and applauded the Barbados Public Workers Co-operative Credit Union Ltd (BPWCCUL) for its “quiet yet forceful, purposeful and visionary” action.
“I believe that this acquisition will contribute significantly to the achievement of the goals in its mission statement. Capita is a ‘one-stop shop’ for a range of services, including 100 per cent land loans, 100 percent mortgages, 100 per cent car loans, general insurance, mutual funds, stock brokerage services and more. It therefore serves to broaden the product and service offerings of the credit union while positioning itself to service non-credit union members as well,” she said.
Capita Financial was formed after the BPWCCUL bought Clico Mortgage and Finance Corporation last year. (CA)