The first registered name was St. George’s Communal Co-operative Credit Union Limited. However, its bond only allowed for persons working or living in St. George’s to become members.

At the 14th Annual General Meeting held in December 1994 the membership approved the name change to The Communal Co-operative Credit Union Limited and it was resolved that the bond be totally open to all persons in Grenada, Carriacou and Petite Martinique.

Since its registration, The Communal had seven (7) Presidents from Mr. Rodney Mauricette (the first) to Mr. Isaac Bhagwan (the incumbent). The Board of Directors consists of nine (9) members, which includes five designated positions – President, Vice-President, Treasurer, Secretary, Asst. Secretary/Treasurer.

The head office of The Communal which was built in 2000 is located at 414 H.A. Blaize Street, St. George’s. All the main Administrative functions are carried out at that location.