Lifeline for near 100 000
Barbadians who have savings and loans with two of the island’s largest credit unions are being assured they will not face user fees, or an increase in interest rates for loans.
And some of those who are likely to lose their jobs in the coming weeks, as Government cuts its workforce, have been offered a lifeline by the Barbados Public Workers’ Co-operative Credit Union Ltd (BPWCCUL).
Group chief executive officer of the Barbados Public Workers Group of Companies, Glyne Harrison, said the credit union would be rolling out the service for its near 100 000 members this week.
“We have a financial relief centre . . . that is geared just towards that, looking to see how we can help stressed-out members in terms of persons who may be impacted either by direct layoffs or the threat of feeling the harder times,” Harrison said. (SAT)
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