Ladies and gentlemen, with this brief up-date on the Fiji economy let me now address some of the issues in relation to credit unions. The importance of Credit Union in economic growth The Credit Union movement plays a very important role in facilitating economic growth in a country. You are more than an intermediary that facilitates the mobilisation of savings for productive use.
You are also the trustee of the hard earned savings of your members. Efficient and effective use of the members’ savings will grow the benefits to them and in turn also grow the economy. It is interesting to note that the credit union movement fosters the very basic principle of cooperatives.