Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Catalyst shares balance sheet strategies with Belize CUs
PLANO, Texas (11/10/110--Bryan Turner, director of advisory services for Catalyst Strategic Solutions, shared balance strategies with 130 attendees at the the Belize Credit Union League's annual meeting and training conference, held in San Ignacio, Belize, last month.

Turner's session was part of a relationship that Catalyst Corporate forged with the Belize credit union league more than five years ago.

The presentation--one of four concurrent sessions during the daylong training event---focused on financial management. The session leaned toward the basics, Turner said, with an emphasis on financial management concepts and balance sheet strategies.

The credit union movement in Belize resembles a U.S. credit unions in the 1960s, Turner said. Lending at credit unions in Belize is caught in a balancing act "between character and collateral," he added. While there appears to be an emphasis on placing members first, Turner said that philosophy must be balanced with financial fundamentals.

The credit union system in Belize serves working individuals in the city and in rural regions. Belize has 13 credit unions, with 12 belonging to the Belize league. Though some are common bond, the larger institutions are community-based, and offer consumer lending and agricultural lending products.


RSS print
News Now LiveWire
Falling #gas prices: Pros, cons for U.S. economy #NewsNow #Market http://t.co/XWwwERwe7e
7 hours ago
Members of Interstate FCU have voted to merge with Credit Union of Southern California https://t.co/yYeSWEG4GH
9 hours ago
.@InfinityFCU has named Liz Hayes as president/CEO. Hayes was formerly EVP and chief administrative offficer at @Affinity_Plus
10 hours ago
.@wpcu battles Speedway in round 3 of Dayton Brand Madness via @DBJnews http://t.co/EbQL5f9be8
11 hours ago
New at #NewsNow: Fed regulators approve new #QRM rule. http://t.co/Bdz5q43xjZ
12 hours ago