||Central Bank Of Barbados
Credit Union Assets Increased in 2015
According to the Financial Stability Report, credit union assets rose by 7 percent in 2015 to reach $1.9 billion, due mostly to an increase in loans to members. One concern for the sector, however, is the level of non-performing loans, which stands at 8.9 percent, a figure that is higher than the FSC’s benchmark of 5 percent.
Financial Stability Report Podcast 4 - Credit Unions.mp3