Awarded Most Outstanding Credit Union
The Communal Co-operative Credit Union Ltd. was awarded the most outstanding credit union for the periods 2004-2005, 2006-2007, and 2007-2008
The World Council of Credit Union selected The Communal and another Credit Union in St. Patrick’s, to pilot a project aimed at the development of the movement in Grenada. This project led to the amendment of by-laws, introduction of stricter loan collection policies, the introduction of lending for small enterprises and changes to internal regulations and controls
The Communal’s Empowerment Skills Training Programme for members was initiated by the late General Manager, Mr. M. Brian Campbell. This Programme aims at developing new skills in our members.
The Board of Directors took the decision to rename the programme “Brian Campbell Empowerment Programme”. From its inception to 2014 thus far, over 350 persons have received training in areas such as gourmet cooking, sewing and cake and pastry making; The Rodney Mauricette Award Scholarship was introduced in 1988. The scholarship awards five-year scholarships and one-off grants to members' children entering secondary school, following success in the common entrance examinations. Over 40 children of The Communal members have received assistance under this programme;
The formerly owned GRENLEC building on Halifax Street was acquired by The Communal in 2007. In April 2012, the main office of The Communal was relocated to this building after being refurbished. The Communal signed a Shared services Agreement with the Grenville Credit Union. This Agreement allows members from both credit unions to carry out certain transactions at each other branches;
The Communal Co-operative Credit Union Ltd in collaboration with Grenada Co-operative Bank introduced its International Debit Card in April 2014.
The Communal Co-operative Credit Union Ltd introduced its first ATM in the Parish of St. John at the Branch office located in Gouyave.
Two additional ATM machines were installed at the Head Office located on Halifax Street, St. George's
December 2018 saw the opening of Grand Anse Business Centre and launch of two additional Connex ATMs at The Grand Anse Shopping Centre..
February 2019 saw the launch of Tyrell Bay, Carriacou Connex ATM.
August 2022 saw the launch of a Members’ Group Health & Life Insurance Plan – the first ever by a credit union in Grenada.
Mergers and Amalgamations
The Communal successfully merged/amalgamated with the following credit unions over the years:
- 2004 - Vincennes Credit Union
- 2007 - Perdmontemps Co-operative Credit Union
- 2011 - Seven -Day Adventist Credit Union