We Are
The Communal
Because we continue to soar above the rest!
27586
Happy Members
59
Years of Serving
58
Employees
5
Branches
To become the first choice financial institution for the community we serve.
Integrity
Competence
Good Governance
Confidentiality
Member Focused
Innovation
To enhance the quality of life of our members and of the entire community, by providing superior quality financial services to them through a well-trained staff and the utilization of appropriate technology.
The Communal Co-operative Credit Union Ltd. was founded in 1964 and registered as a financial co-operative in 1965. With assets of only five hundred dollars ($500.00) and a membership of one hundred (100) persons, our aim was to provide an avenue for members to save and borrow for provident and productive purposes at reasonable rates on interest.
Our first registered name was St. George’s Communal Co-operative Credit Union Limited. As this original name implies, the credit union was opened solely to persons in St. George’s. At that time, the Credit Union operated from a small office on Church Street.
Our St. George’s bond was later opened to persons from other parishes who lived or worked in St. George’s. A few years later, the bond was further extended to persons in Carriacou and Petit Martinique, and the Credit Union changed its name to the “The Communal Co-operative Credit Union Ltd.”
Some of the founding members were Mr. Rodney V. Mauricette, Mr. Eric Padmore, Mr. Albert La Touche, Miss Cynthia Steele, Mr. Martin Abraham, Miss Kathleen A. Nedd, Mr. Joslyn Hayling, Mr. Henry Scoon, Mr. Winston Whyte, Mr. Cosmos Cape, Ms. Cynthia Thomas, Mr. Lennard George, Ms. Ruby Benoit and Mr. Nelson Francis.
At our first Annual General Meeting, Messrs. Mauricette and Padmore, and Mrs. Steele were elected to serve on the Board of Directors and at the first Board of Directors meeting, Mr. Mauricette was chosen as our first President, a position which he held until 1993.
Mr. Rodney Vincent Mauricette, a native of St. Lucia, came to Grenada during the period of World War II as part of a troop meant to be stationed for a short time on the island, after the conclusion of which he returned to St. Lucia. Having developed an ardent admiration for the Spice Isle, he decided to return to Grenada and take up residence.
He was a barber by trade but was also a photographer and managed a photo studio during his early years here. He later decided to pick up the trade he learnt from his uncle, who operated a barber shop in St. Lucia. It was during his barbering here that he came in contact with Mr. F. M. Coard, who introduced him to the Credit Union philosophy, and the workings of that movement. Thereafter, Mr. Mauricette, together with a few other interested persons, started reviewing the rules that governed the operations of a credit union and their ever-growing interest and passion eventually led to the formation of St. George’s Communal Co-operative Credit Union Ltd. in 1964.
Mr. Mauricette was elected as our first President, and served continually in this role until 1993, after which he finally retired from active participation in credit union activities in 1998.
The Communal’s scholarship programme, which awards scholarships and grants to members’ children to support their secondary education, was named after our beloved Founder and is known as the Rodney V. Mauricette Memorial Scholarship.
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