The Antigua and Barbuda Trades and Labour Union (AT&LU) is exploring the establishment of a credit union to provide its members with greater financial stability amid rising inflation and economic uncertainty. President Bernard de Nully unveiled the initiative during the union’s 86th Annual Conference, emphasizing its potential to address wage violations, inadequate pension payments, and the escalating cost of living. De Nully described the proposal as a dual-purpose strategy: a practical solution to current economic challenges and a means to strengthen solidarity within the labor movement. He stressed the urgency of the plan, stating, ‘The time is now,’ and highlighted how a member-owned financial institution could offer affordable services and support retirement planning. The president also cautioned that Social Security contributions alone would be insufficient to ensure timely pensions in the coming decade, urging delegates to back measures that enhance worker protections and financial security. The credit union proposal was announced alongside recent wage negotiations, including a 14% increase for non-established workers, reflecting the union’s commitment to delivering tangible benefits and exploring innovative support mechanisms for its members.
The AT&LU is considering the creation of a credit union for its members
