The Kingstown Co-operative Credit Union Ltd was registered on the 12th April 1958 with a share capital of EC $ 253.98 and a membership of fifty three (53) persons.
The Pioneers
The late Bro. Thomas Saunders after his exposure to Co-operatives in Guyana and Trinidad and Tobago pioneered the Credit Union movement in St. Vincent and the Grenadines. At first he found difficulty in convincing members of the public of the value and benefits of Co-operatives. The reluctance of the populace at the time could be traced in part to the collapse of a Credit Union Consumer Co-operative, which was attempted in the 1940’s. It was not until 1957 when Bro. Saunders spoke with a number of tailors, namely Bros. Jerome Burke Sr, Reynold Rose, Bertram Arthur and Leroy Adams that his message germinated.