Ariza Credit Union says it has purchased four million dollars of Government of Grenada Bonds which were offered to public officers as a salary increase back payment.
This is expected to be paid directly into the accounts of public officers at their respective financial institutions.
All payments will be made by the 31st of this month.
A release from the Ariza Credit Union says the initiative is yet another way that it continues being an ally to employees in the public sector and respond to the needs of its membership in this evolving economic climate.
Lucia Livingston-Andall, CEO of Ariza, speaks of public officers being a backbone of Ariza.
She was strong in confirming that without them “there will be no Ariza Credit Union and that it would not have been able to reap the benefits and accomplish all the milestones achieved over the last 74 years.
She views the payment as one that will be instrumental in stimulating economic activities at this critical juncture in Grenada.
Ariza Credit Union, formerly the Grenada Public Service Co-operative Credit Union Ltd. was formed by public officers in 1947, making it the oldest Credit Union on the island.
Since then, the release says Ariza has grown to be the largest Credit Union in Grenada and the second largest in the OECS.
