Nine years after the City of Bridgetown Co-operative Credit Union (COB) distributed over $30, 000 to 35 recipients of the Maxine McLean Scholarship, today at the Lloyd Erskine Sandiford Centre (LESC) $137, 000 was distribution to 110 recipients under the program.
The awardees were junior savers from primary, secondary and tertiary level education who were members of the COB’s Children Are Really Enthusiastic Savers (CARE) programme.
Featured speaker, Minister of Foreign Affairs and Foreign Trade Senator Maxine McClean, reminded recipients that “life is not only about consuming today but about preparing for your future”, adding “credit unions espouse the value of thrift.”
The Minister highlighted that one of the fundamentals of the cooperative movement was exercising thrift.
She urged the recipients to take the core values of volunteerism, independence, education and cooperation from the cooperative principles and to incorporate it in their lives.
“Education is an important investment in your future,” advised McClean to the students, further adding “learning must be a lifelong goal [and] we must strive for continuous self-development”.
Recalling the credit union’s inception in October 1983, the Senator described the importance of cooperation.
“We started in the early days putting our faith in those young men and women who became the pioneers… and pooling [of resources] has brought us to where we are now” she said.
“Especially in these changing times, we need to build and benefit from the social capital created by the pooling of our resources, our time and our talent.” (KK)
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