The approval of a 6% dividend on Member Share Capital  (MSC) was among the highlights of the Society's recently held 57th Annual General Meeting  (AGM) which was held at theConference Room of the Public Service Union  on Wednesday, June 25, 2008.

This is the first dividend payout  by  the Society since   MSC was introduced  on December 29, 2006.  The rate of 6% is the maximum allowed by the Cooperative Societies Regulations S.R.O. 26 of  2001, which allows cooperative societies to pay dividends up to 3% above the savings rate set by the Eastern Caribbean Central Bank (ECCB). 

Dividend payments were made to all members' accounts on June 30, 2008.   It is expected that the payment of this attractive rate  will encourage members to invest further in their credit union by buying more shares for  building the Society's capital.