Video: Bermuda Credit Union Press Conference

January 10, 2018 | 9 Comments

The Bermuda Credit Union Co-op Society held a press conference this morning [Jan 10]. The press conference has just concluded and we will try to add additional information later on, and in the meantime the 17-minute live video replay is below, and you can visit their website here for further information.

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Comments (9)

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  1. Fumes says:

    Now they want to be a bank with no financials

  2. Truth is killin’ me... says:

    Dr. Branch, where you privy to the BIU’s financials for the past ten years before being invited to the island? Something our own Government hasn’t been able to do in forever.

  3. Family Man says:

    There is no financial information on their website at all but the last reports I could find showed the credit union’s surplus had shrunk to $25,198 in 2010 and they were expected to lose money again in 2011. At that point they had $1.27 million in uncollectible loans and subsequently had to be bailed out by the government.

  4. Full Stop says:

    A fool and his money shall soon be parted.

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