Government to table deposit insurance legislation for credit unions

Barbados’ credit union industry is days away from reaching a milestone more than a decade in the making, with long-awaited deposit insurance legislation set to be introduced to the country’s parliament for formal consideration. That announcement was made Saturday by Kemar Cumberbatch, president of the Barbados Cooperative and Credit Union League, during the opening session of the Caribbean Confederation of Credit Union (CCCU) Annual Conference, hosted at the Wyndham Grand Sam Lord’s Castle.