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CO-OPERATIVE DEVELOPMENT DIVISION Operates under the Ministry of Labour and Small Enterprise Development Headed by the Commissioner for Co-operative Development (Ms Andrea Mc Kenna – ActingCCD) Authority derives from Co-operative Societies Act Chapter 81:03 (1971) Approximately 50 Co-operative Officers and 50 Support Staff comprise the staff of the Division Responsible for the Supervision…
FINANCIAL SERVICES UNIT DOMINICA Impact on members: Reduced or zero earnings Live off savings Savings may be low and further offset by health costs Inability to make loan payments Impact on credit union: Increased non-performing loans Reduced loan interest income Increase in loan loss provisioning Reduction in capital position Liquidity issues (Savings withdrawals) • Negative impact on growth…
Introduction The novel coronavirus (COVID-19) and its resulting effects has been forefront on the minds of most of our members and employees for the past few weeks. As such, our members are now more concerned and anxious about their health and safety. Credit Unions (CUs) have to be prepared for these new economic times and…
Impact Assessment The Novel Coronavirus (COVID-19) has enforced the necessity for financial institutions such as Credit Unions (CUs) to conduct an assessment of the impact that this pandemic has on its operations and its ability to react positively to ensure the viability of the credit union. It is recommended that the following considerations, where applicable,…
List should be used in addition to daily checklist during high alert medical events Use Clorox, disinfectant wipes daily to complete the following at least 3 times daily Mid- Morning Afternoon End of Day Wipe All door knobs (front door, bathroom, kitchen, teller doors, office doors, etc.) Wipe Light Switches, Alarm keypad, Wipe all…
Due to the Covid – 19 pandemic, most institutions are discouraging large gatherings in an attempt to mitigate the effects of the virus. In light of this, the following arrangements are recommended to safeguard our shareholders’ health as well as provide them with the ability to exercise their rights at the Annual General Meeting (AGM):…
GUIDELINES TO FOLLOW IN THE WORKPLACE Table of Contents GENERAL INFORMATION 3 HOW IT SPREADS 3 DEALING WITH COVID-19 IN THE WORK PLACE 3 Persons who deal with a high volume of persons 3 Precautionary Measures 4 HOW TO CONTAIN THE SPREAD AT WORK? 4 Steps to take if an employee or member becomes sick…
Credit Unions (CUs) worldwide are facing unprecedented challenges amid the outbreak of the novel coronavirus (COVID-19). Despite the fact that CUs may already have business continuity plans, those may not fully address the fast-moving and unknown variables of an outbreak like the coronavirus. Whereas typical contingency plans ensure operational effectiveness following events like natural disasters,…
There are a number of challenges currently being faced by financial institutions due to the novel coronavirus (COVID-19). This has further been exacerbated by the perceived lack of confidence in various economies to weather the long term effects of this virus. It is thus anticipated that Credit Unions (CUs) may be bombarded with an increase…
Table of Contents Introduction 3 Scope 4 Purpose 4 Objective 4 Procedures 4 Basic Requirements 5 Employee Eligibility 6 Position Eligibility 6 Request Process 7 Performance Assessment 7 Equipment 8 Data Protection & Security 8 Remote Work Safety 9 Health & Safety 9 Impromptu Arrangements 9 Non-compliance to Policy 10 Introduction Organisations recognize that…
