The Grenada Co-operative League Limited (GCLL) serves as the apex body for the co-operatives sector, which consists of credit unions and non-financial co-operatives. The League was registered on May 20, 1958 as the parent body for Grenada Credit Unions. This, however, was broadened to incorporate all co-operatives in Grenada. The League currently has ten (10) credit unions and two (2) non-financial co-operatives.
The League operates within a rules-based system covering governance and administration and is owned by its members. The GCLL is governed by the Cooperative Societies Act No. 8 of 2011 and its by-laws. A Board of Directors hires a General Manager who manages the League’s daily operations. The League has nine (9) members of staff.
Each year an Annual General Meeting (AGM) is held and is attended by delegates and alternates from its affiliates and observers. Affiliates are presented with reports by the Board for the given year.
Governance Structure
The League is comprised of the following departments:
- Administration and General Services
- Co-operative Development Services
- Business Support Services
- Marketing & Research
Vision
‘A high-performance enabler of a prosperous co-operative sector’
Mission Statement
‘To facilitate and promote the growth and development of strong financial and non-financial co-operatives through support services, innovative ideas, education, training and advocacy.’
Core Values
- Leadership excellence
- Integrity
- Commitment and passion
- Quality services
Services Offered
- Advocacy and Representation
We ensure that the voice of the movement is heard and represent the interests of our affiliates at various levels.
- Education and Training
We offer training to our affiliates’ board, committee and staff members on a range of topics to ensure they are equipped to serve their members.
- Investment Opportunities & Loans
We offer credit unions fixed deposits. We also provide loans to Credit Unions if the need arises.
- Central Compliance Services
We review and ensure that credit unions are compliant with by-laws, anti-money laundering and counter-terrorist financing regulations.
- Policy Development
We develop, maintain and update policies for efficient operations to achieve the mission of the League.
- Research and Consultancy
We conduct market research to help our credit unions make strategic decisions and provide networking and consultancy solutions.
- Marketing and PR support
We provide marketing and PR support to credit unions and build awareness of the co-operative movement. We manage the ‘GrenadaCreditUnions’ brand.
- Technical Support
We provide technical support to ensure all affiliates operate and manage in accordance with the Co-operative Societies Act and Regulations.
- Insurance Agency Services
We process Loan Protection (LP) and Life Savings (LS) insurance claims and facilitate premium collections on behalf of CUNA Caribbean Insurance and Corp-EFF Insurance Co. Ltd.
- Office Support Services
We offer a range of office support services to assist with the day to day operations of our affiliates.
