Non-Bank Financial Sector Updated on the Performance of the Economy
“It is clear that the non-bank financial sector has expanded and continues to expand, which is good in a growing ...
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“It is clear that the non-bank financial sector has expanded and continues to expand, which is good in a growing ...
Credit Unions in Grenada are seeking to have amended a section of legislation which governs their operations, to allow them ...
“The Ministry of Finance, led by Prime Minister and Minister of Finance and Energy, Dr the Rt. Hon. Keith Mitchell, ...
Credit unions conduct business of a financial nature, but they do not conduct banking business, and are therefore not regulated ...
The credit union annual licensing fees range from EC$1,000 to $10,000.
This is part of GARFIN’s initiatives aimed at strengthening the supervision of all Schools Savings Unions.
Though these societies are not operational there can be assets in their names.
GARFIN has no objection to the payment of pensions on retirement by way of lump sum payments
