St. Martin's Credit Union - SMCU NEWS and NOTES

St. Martin's Credit Union
Eve Street
San Ignacio Town, Cayo
Belize
ph: ++ (501) 824-2093
fax: ++ (501) 824-3231
alt: ++ (501) 824-2800
info@smcubelize.com

SMCU NEWS and NOTES

SMCU Adopts

New Security Measures

16th May, 2012- In an effort to improve customer security at St. Martin’s Credit Union, the Management has adopted new standards for members and visitors entering the offices.

Members and visitors will not be allowed to enter the Credit Union with the following apparel: sunglasses, hoods on their heads, baseball caps or other items that conceal the face. The use of cell phones is also prohibited.

Management has stated that while it is unfortunate that these measures have had to be implemented it is hoped that they, along with the surveillance cameras mounted around the SMCU building, will serve as a deterrent to activities that might affect the daily operations of the Credit Union and the security of the membership.

SMCU OPENING HOURS

Monday, Tuesday, Thursday and Friday

8.00 am - 3.00 pm (open through lunch)

Wednesday

8.00 - 12 noon

Saturdays

8.30 - 11.00 am

First Consultation to Amend Credit Union Regulations Completed at Central Bank

Photo: SMCU General Manager Mr. Ronald Hulse (left) and Supervisory Chairman Mr. Melvin Ayala at the Central Bank of Belize.
December 9, 2011-Credit Unions have completed a two-day consultation at the Central Bank of Belize that seeks to revise the Statutory Rules and Orders and create Model By-Laws which guide the activities of the movement.
St. Martin’s Credit Union Supervisory Chairman, Mr. Melvin Ayala, General Manager, Mr. Ronald Hulse and Education Director, Mr. Emil Rodriguez participated fully in the two-day consultation.
The last amendments to the Statutory Rules and Orders date back to 1949. They have obviously become inadequate and obsolete for today’s credit unions that are dynamic and technologically advanced financial institutions.
The initiative to update the Rules and Orders and create Model By-Laws is spearheaded by the Central Bank of Belize whose role is to provide supervision to the Credit Unions.
Stakeholders are hoping that at the end of the consultation and revision process, more effective systems of management and oversight will emerge at each credit union.

SMCU Congratulates SJCU on new Branch

Photo: SMCU Accountant Mrs. Nelida Sabido (l) and Treasurer Mrs. Debbie Martinez (r) congratulate SJCU General Manager Miss Daisy Dawson (center) at their new Dangriga Branch.

26th November, 2011- St. Martin’s Credit Union congratulates St. John’s Credit Union of Belize City, on the inauguration of their new Branch offices in Dangriga, Stann Creek District.

Attending the inauguration ceremony in Dangriga on Saturday, November 26,2011 were SMCU Treasurer, Mrs. Debbie Martinez, Accountant, Mrs. Nelida Sabido and Education Director Mr. Emil Rodriguez.

The completion of this new branch allows SJCU to serve its members through three locations; Belize City, Belmopan and Dangriga.

BCUL Conducts

Governance Training Workshop

December 10, 2011- The Belize Credit Union League (BCUL) has conducted a training workshop for its members on the topic of Credit Union Governance.

The training workshop was presented by BCUL Executive Director, Mrs. Corine Fuller, at the ITVET Center in Belize City on Saturday December 10, 2011. Participating institutions included St. Francis, St. Martin’s, Civil Service and Mount Carmel Credit Unions.

The goal of the workshop was to educate new and existing Directors about the governance structure of the Credit Unions of Belize. Alongside this was a review of the management practices that guide these financial institutions. Discussions were also held on the role of the Central Bank in providing oversight and examination of financial affairs. Finally, the participants exchanged ideas based on their management experiences and commented on new regulations to be introduced in the near future.

Miss Karen Arnold of the Supervisory Committee and Mr. Emil Rodriguez, Education Director, attended the workshop on behalf of St. Martin’s Credit Union, San Ignacio.

Photo: Mrs. Corine Fuller, BCUL (left) and SMCU Supervisory Committee Member, Miss Karen Arnold at Training Workshop.

Belize CU League, Southwest Corporate Formalize Partnership Agreement

11 August 2008
Thirteen Belize credit union delegates, including five from Belize's 13 member credit unions, traveled to Southwest Corporate's Plano headquarters in Plano, Texas, USA for the signing of an international partnership agreement.

The agreement, signed August 8 as part of World Council of Credit Unions' (WOCCU) International Partnerships program, follows eight months of an informal cooperation between the two groups and marks the first time a corporate credit union has partnered directly with a national credit union movement.

Present at this meeting were representatives from the Belize Credit Union League, La Inmaculada Credit Union, St. John's Credit Union, Holy Redeemer Credit Union, Toledo Teacher's Credit Union and St. Martin's Credit Union.

Click <<HERE>> to read WOCCU press release.