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Annual Report 2018 EASTERN CREDIT UNION

• CUNA Insurance
The company exposed members to two (2) new features of existing products. This included:
1) The new critical illness coverage up to $1 million.
2) Increased coverage for the Family Indemnity Plan (FIP)

• Mr. Rawle Rollocks of LB Global Solutions delivered a well received feature on wealth creation, estate
and retirement planning. Members were encouraged to use the Credit Union’s Savings Plans, such as
Jade and Evolution 50, as part of their strategy towards sustaining their income and financial future for
generations to come.

Recognizing that we are in a rapidly advancing era of online experiences in learning and business transactions,
the Committee rewarded some members with tablets and laptops. Our partnering supplier was also available to
those who wished to purchase. Through this initiative, we intended to offer members the tools to keep abreast of
technological demands that occur along their life’s career and educational journeys.

San Fernando Branch Experience – Saturday 9 February, 2019
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Theme: Sharing the Credit Union Philosophy, Supporting Entrepreneurial Development

As obtained with the other locations, this branch was open for full services.
• The President, Mr. Wayne Estrada masterfully lent his expertise in delivering a feature address on the
benefits of being a credit union member. Members were encouraged to save wisely, borrow and repay
loans in accordance with their agreements.
• Members also benefited from sound advice from Agro-business Entrepreneur, Mr. Alpha Sennon. Mr.
Sennon led an interactive discussion on the many untapped opportunities for members to achieve
savings or create additional income through understanding the economic value chain in agriculture.
His practical approach stirred the interest of all the participants, as he shared highlights of his journey
through several tertiary level programmes to find his niche in the Agro Business and Entrepreneurship
fields. He promoted some of the projects undertaken by his WHYFARM foundation such as: the “Agriman”
character and his school tour farm facility in Siparia. Approximately 20 members expressed their intention
to pursue further opportunities for gaining more knowledge about initiating or expanding sustainable
economic activities through partnership with Mr. Sennon and support from the San Fernando Branch.

2. Education Awards Ceremony 2018
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The 25th Annual Education Awards Ceremony was held on Friday 24 August, 2018 at the Eric Williams Auditorium,
La Joya, St. Joseph. In keeping with our thrust towards creating future leaders of the credit Union, one hundred
and forty-eight (148) members from Primary Schools and eleven (11) from Tertiary level Institutions were awarded
bursaries. Some of the Tertiary Level areas of study included Law and Human Resource Management.

The SEA students received awards valued at $800.00 and Tertiary students were awarded $2,500.00 each along
with an attractive ECU branded bag. The students were well supported by their family and well-wishers as a total
of 279 guests were in attendance. The bursaries were awarded to students based on merit and economic need.

NAVIGATING THE FUTURE TOGETHER 55