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Credit unions join forces with ACCA
President of the Co-operative Credit Union League of T&T (CCULTT) Joseph Remy has described the recent signing of a memorandum of understanding with the Association of Chartered and Certified Accountants (ACCA) as a triumph for T&T’s 500,000 credit union members.
He said so after the official signing of the MOU with Helen Brand, chief executive officer of ACCA Global at a ceremony held at the Hilton Trinidad and Conference Centre.
“This is indeed a significant hallmark in the life of our League and the credit union movement, which was assets of $12.5 billion. This means, I am sure, that our members are also your members. Many of your members are also employees at our league and credit unions. This initiative, therefore, is indeed timely and one that we are elated about.” Remy said.
“For a long time, the league has been at the forefront of many significant educational, social and financial initiatives as we have consistently sought to empower our people to take charge of their finances, their lives and futures.”
He added that every year, the CCULTT professionally trains more than 500 persons from all walks of life in a wide and varied range of leadership courses/workshops.
“The fundamental principle that underpins this approach to social financial development has been that individuals, acting in concert, can achieve beyond their wildest dreams.
“The principle of relationship building in demonstrated as the League prepares to take the ACCA on our educational journey for 2016 and beyond,” he said.
In today’s ever-changing environment, Remy said, it is important to form alliances and partnerships not only add value to organisations, but also members, their families and the country. He said the league pledged its commitment to the leadership of the ACCA to ensure this new working relationship is properly leveraged.
“We strongly believe that integrity, accountability, diversity and innovation are necessary. But, these cannot go without the need for transparency and good governance standards. We know that the ACCA mentors its members along this path and we commend you. And, because we do the same, we feel assured that our country is well on its way to a stronger governance base,” said the League president.
Brand, said having local partnerships, as well as those globally, are among the ways the ACCA expands its offerings.
“I’m delighted that we are adding to these through our latest agreement with the Credit Union League. It’s wonderful that we are formalising our relationship so we can work even more closely through joint events, information and guidance. The role that credit unions play in supporting communities and nurturing enterprise cannot be underestimated and I’m very much looking forward to ACCA contribution to this,” she said,
“All of this is about listening and responding to the needs of the members and markets we serve and making sure we are at the forefront in embracing new opportunities. The responsibilities ACCA members hold already extend far beyond the traditional compliance, financial reporting and governance roles. Over the next decade, we believe they will broaden even more, as businesses rely on accountants to help them be resilient and competitive. It’s our role to ensure you remain fit for the purpose in this changing world.”
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