Belize Credit Union League
|Institution Contact Details|
|Name of Institution||Belize Credit Union League|
|Postal Address||7 Daly Street, Belize City|
|Contact Persons||Mrs. Corine Fuller, Executive Director|
|Category Of Membership Application||Support Organization|
|General Institutional Information|
|Current Legal Status||NGO|
|Objectives||Our primary purpose is to promote the development of credit unions in Belize and make credit union services available to as broad a cross section of the population as possible through direct action and cooperation with other appropriate agencies; and to become invloved in all matters pertaining to the effective operations of credit unions, including:
- Promoting legislation that is appropriate for and protective of the credit union movement
- Providing oversight and organizing responses to regulatory and taxation policies that are harmful
- Establishing and maintaining the highest operating standards and improvement of operational policies and procedures for credit unions and
- Affiliating and cooperating with national, regional and international umbrella cooperative organizations and such other bodies that promote similar or compatible goals
|Brief History||The Belize Credit Union League Limited (BCUL) was established in June 1956 as an association of Credit Unions and acts to further the Credit Union movement's common interest through advocacy, bulk purchasing and training for the benefit of its members.
In August 1956, BCUL was admitted into membership of the Credit Union National Association (CUNA). In 1970, BCUL (then known as the British Honduras Credit Union League) along with other Leagues throughout the Caribbean came together to discuss the formation of a regional Credit Union Organization. These discussions led to the formation of the Caribean Confederation of Credit Unions (CCCU) in 1972. Through its affiliation with this organization the BCUL is associated with the World Council of Credit Unions (WOCCU).
Presently, 11 of 13 Credit Unions in Belize are members of the League, with a membership of over 91,000. BCUL is governed by a nine member Board of Directors. Each district has one representative on the Board, except for the Belize Distrcit which has 4 representatives. The officers of the BCUL are a President, Vice President, Treasurer and Secretary. The Executive Director is an ex-officio member of the Board.
|Ownership||Eleven (11) affiliated Credit Unions - 11 in total|
|Microfinance Operations||Four affiliated members provide micro finance services|
|Main Funding Sources||Membership dues and service fees income|
|Main Challenges||Co-operation and support among affiliated Credit Unions is less than optimal; limited professional staff to provide adequate monitoring of affiliated Credit Unions; limited capacity to generate income above membership dues.|
|Other Networks||Caribbean Confederation of Credit UnionsWorld Council of Credit Unions|