Co-op Bank introduces its newest ATM on the CONNEX® network
Co-op Bank has widened the availability of its service with the introduction of an ATM on the CONNEX® Network at St. George’s University (SGU) campus. In a small ribbon cutting ceremony at the SGU campus on February 18, 2019, the Bank expressed satisfaction in being able to meet the needs of the staff and students of the university by adding the benefit of enjoying safe, convenient access to their funds at any time.
Richard Medford, Manager of Electronic Services and Retail Operations at Co-op Bank noted that “Co-op Bank commits to continually building good business relations with St. George’s University. We applaud the University for their vision and commitment in partnering with Grenada Co-operative Bank to bring enhanced financial service delivery to this campus.”
The CONNEX® brand is owned by Grenada Co-operative Bank Limited, Ariza Credit Union, and Caribbean Credit Card Corporation (4C’s). This addition brings the number of ATMs on the CONNEX® network to 26 across the state of Grenada.
Co-op Bank Awards Fourteen Scholarships
On June 27, 2019, Grenada Co-operative Bank Limited awarded scholarships to fourteen students as part of its annual Super Starter Education Investment Plan Programme.
Seven silver scholarships, each valued at $1,000, were awarded to primary school students and seven gold scholarships, each valued at $2,000, were awarded to secondary school students. The lottery draw was conducted in the presence of the Bank’s Auditors, Pannell Kerr Foster.
Co-op Bank’s Super Starter Education Investment Plan Scholarship Programme was specially designed to ensure that Plan beneficiaries from all parishes, including Carriacou, qualify. For the past ten years, Grenada Co-operative Bank Limited has awarded 140 scholarships throughout the island, assisting parents to cover primary and secondary school expenses, and this year, the Bank presented fourteen more.
To date the Bank has invested over $492,500 in the Super Starter Education Investment Plan Scholarship Programme.
Co-op Bank appoints new Chairman - Mr. Daryl Brathwaite
At its meeting of January 29th, 2019, the Board of Directors of Co-op Bank elected Mr. Darryl Brathwaite as its new Chairman. Mr. Brathwaite has replaced Mr. Ambrose Phillip who served as Chairman for the last two (2) years and remains a member of the Board of Directors.
Mr. Brathwaite has served on the Board of Grenada Co-operative Bank Limited for the last fifteen (15) years. He completed studies at the London School of Accountancy, London, UK and is an experienced businessman having worked in the UK, Latin America and the Caribbean before returning to Grenada in 1988 to establish Hi-Tech Printery Ltd. as the Managing Director/Owner. Mr. Brathwaite has served as Deputy President of the Senate of the Parliament of Grenada; and has sat on several Government Committees and Statutory Boards including as past President Grenada Chamber of Industry & Commerce.
Reflecting on his new leadership role on the Board he commented, “I thank my colleague Directors for the confidence placed in me and, with their continued support and dedication to the governance and raison d'être of the Bank, I anticipate further growth and improved stability of the Bank.
On behalf of the Board of Directors I wish to record my appreciation to the former Chairman, Ambrose Phillip, for his stewardship during his term in office.”
On Sunday April 28, 2019, the streets were awash in a beautiful sea of daisy, a lovely shade of yellow. Just over 4,000 people participated in Co-op Bank’s 11th annual Pump it Up! Family Fun Walk, a spectacular event put on by Co-op Bank as the main feature of its Healthier Lifestyles Program. The event was sold out with just under two weeks before the event – proof that Pump it Up! is a highly anticipated event.
Following a countdown which included a warm up session led by the Body Image Health Club the walk began at 4:00 p.m. with the crowd of participants departing the Morne Rouge playing field toward the National Cricket Stadium. Some participants took the challenge route which was used again this year, diverting up Lowther’s Lane, down Marrast Hill, through River Road, and onto the National Cricket Stadium.
In 2017, for the first time, Co-op Bank announced its collaboration with Jonas Browne & Hubbard (G’da) Ltd, FLOW and Guardian General Insurance (OECS) Limited to pool resources for the benefit of one major sustainable initiative – the re-establishment of the Carlton Home. Antillean Group was welcomed on board in 2018 as the fourth Benefactor, and in 2019, Coyaba Beach Resort joined the team of Benefactors to add its contribution to the initiative.
In his remarks to the participants during the closing ceremony, Managing Director of Co-op Bank, Mr. Richard W. Duncan spoke of the benefactors as being
“fully committed to supporting those who are battling substance abuse so that they can make a valuable contribution to their families and society.” He further stated that “the significant financial contributions of these companies to date have gone directly to a trust fund, which will be managed by the board of trustees made up of the initial benefactors and the Bank.”
This year, the contributions of the Benefactors totaled a significant $65,000.00 which has been placed in theTrust Fund created for the initiative. As is customary, Co-op Bank contributes $1.00 per mile for each registered participant: 721 participants in Carriacou resulting in a $2,700.00 contribution; and 4,174 participants in Grenada – 3,966 on the regular route and 208 on the challenge route – resulting in a contribution of $17,000.00.
The total amount raised since 2016 including Benefactor contributions now stands at $240,053.64, almost halfway to the goal of $500,000.00 which the Bank hopes to attain by 2021 toward the re-establishment of the Carlton Home.
Prizes were awarded for largest registered groups and individuals.
- Largest registered community group – SPAR
- Largest registered family – Hilda Stephen & Family
- Largest registered church group – St. George’s SDA Church
- Largest registered school-based group – St. Joseph’s Convent, St. George
- Registered workplace group (micro) – Compass Shipping & Axcel Finance Team
- Registered workplace group (small) – Coyaba Beach Resort
- Registered workplace group (medium) – Grenada Nurses Association
- Registered workplace group (large) – Geo. F. Huggins
- Youngest registered female on foot – Kahlasee Felix
- Youngest registered male on foot – Jovi Fletcher
- Youngest registered baby girl in stroller – Eliana Sylvester
- Youngest registered baby boy in stroller – Kanniel Telesford
- Most senior registered female – Auslyn Williams
- Most senior registered male – Mike Francis
- Wildcard prize – Kristen K
This year, there was a prize for a wild card winner – a registered participant not falling within any of the individual prize categories. At the end of the prize giving ceremony, participants were entertained with the scintillating sounds of one of Grenada’s most popular live bands - Mystic.
Co-op Bank wishes to commend all participants for their stance on healthy living and for their support toward the re-establishment of the Carlton Home!
Co-op Bank and Her Majesty’s Prisons Welfare Association commence new relationship
St. George’s, August 15, 2019 - Grenada Co-operative Bank Limited has entered into a business relationship with Her Majesty’s Prison Welfare Association (HMPWA) - a relationship which both parties hope will be long-standing, fruitful and beneficial to customers.
On Friday August 9, 2019 at a ceremony held at the Bank’s Head Office on Church Street, St. George’s, the Bank offered preferential terms and conditions to members of the HMPWA and their spouses when seeking credit facilities from Co-op Bank.
Signing on behalf of Co-op Bank was the Bank’s Chief Operating Officer, Mr. Deon Moses, while Commissioner of Prisons, Mr. John Mitchell, and President of the HMPWA, Mr. Keylon La Touche executed on behalf of the Prison Welfare Association. Commissioner Mitchell expressed his appreciation for the interest expressed by the bank in providing financial solutions for the officers and their spouses, whilst Mr. Moses expressed his desire to see both institutions strengthen ties. He also reaffirmed the Bank’s commitment to support the Officers in their community initiatives and personal financial goals, through smart financial initiatives.
St. George’s, August 15, 2019 – Grenada Co-operative Bank Limited has entered into a business relationship with Her Majesty’s Prison Welfare Association (HMPWA) – a relationship which both parties hope will be longstanding, fruitful and beneficial to customers.
On Friday August 9, 2019 at a ceremony held at the Bank’s Head Office on Church Street, St. George’s, the Bank offered preferential terms and conditions to members of the HMPWA and their spouses when seeking credit facilities from Co-op Bank.
Signing on behalf of Co-op Bank was the Bank’s Chief Operating Officer, Mr. Deon Moses, while Commissioner of Prisons, Mr. John Mitchell, and President of the HMPWA, Mr. Keylon La Touche executed on behalf of the Prison Welfare Association. Commissioner Mitchell expressed his appreciation for the interest expressed by the bank in providing financial solutions for the officers and their spouses, whilst Mr. Moses expressed his desire to see both institutions strengthen ties. He also reaffirmed the Bank’s commitment to support the Officers in their community initiatives and personal financial goals, through smart financial initiatives.
