Happy 52nd Anniversary!

Commemoration of the 52nd Anniversary of the MRECCU

Message from the General Manager

As we, the members of the Mon Repos Eastern Co-operative Credit Union celebrate our 52nd anniversary, we are proud to say that we have faced and overcome many challenges at the local, regional and international level. These have ranged from the destruction caused by natural hazards to those of financial crises. Despite the challenges, together we embraced and remained true to our core values, these values which fueled the resilience of the Co-operative business model from 1844 to now. This year we are faced with our greatest challenge ever, that of navigating the possible devastating effects of latest deadly virus, COVID-19 on the financial landscape.

Since its inception, Co-operatives have shown their usefulness and effectiveness in dealing with economic crises, as they were born out of the hardships resulting from the industrial revolution in the 1840’s and in modern times, the economic challenges brought about by unprecedented events comparable to COVID-19. We view this current crisis as an opportunity for reflection, by both the institution and its shareholders. We are confident that our sound financial practices, coupled with our core values of self-help, self-responsibility, equality, equity, and solidarity, as well as our ethical values of honesty, openness, social responsibility and caring for others, will help us overcome the novelty of the modern era.

The Board of Directors, Management and Staff extend our gratitude to all members for their support in helping us reach this milestone.

We take this opportunity also to remember our founders, those who have passed away and those whose tenure has ended; we thank them for their foresight and contribution to the growth and development of the Mon Repos Eastern Co-operative Credit Union.

Happy 52nd Anniversary!

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