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CU in Fiji provides 500000 to form insurance plan
FIJI (2/10/09)--A credit union in Fiji announced it has presented $500,000 to start an insurance plan for credit unions in that country. The credit union is Fiji Public Service CU (FPS CU). The plan is through the Fiji Savings and Credit Union League (Fiji Times Online Feb. 9). According to Manoa Seruvakula, a former commissioner of insurance, Scuna Insurance LTD would apply to the country's reserve bank for an insurance business license and provide the insurance. The proposal aims to encourage savings among potential members of the credit union movement.


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