The Laborie Co-operative Credit Union was established in August 1976 and registered on 22nd May, 1981. The idea was conceptualized after a number of community consultations and the recognition that the community needed to mobilize its financial and human resources on a self-help basis, for the development and improvement of the quality of life of the people of Laborie.
The Credit Union has been largely dependent on volunteer workers from its inception. The first paid employee was Mrs. Petrona Bennett, who was appointed as a teller in 1980, while the first full-time manger, Mr. Watson Louis was appointed in 1988. The Credit Union now employs a full complement of staff with responsibilities for the day-to-day running of the business. Those employees are the only paid officers of the Co-Operative. The services of the Board of Directors, Credit, Supervisory, and Education/Member relations committees are voluntary.
Initially, the Laborie Credit Union served exclusively the Laborie region. However, its area of operations now span River Doree to Cannelles, and includes Saltibus, Black Bay, and the entire constituency of Vieux-Fort, with the opening of the Vieux-Fort Branch in November 2008. We continue to grow with our membership, introducing new products and services geared towards satisfying the needs of our communities.
Laborie Co-operative Credit Union Ltd. is a financial co-operative established with the mandate to improve the quality of life and standard of living of its members for the entirety of their lives.