1. Meeting Members Needs Maintaining Sound Financial Practices Caribbean Confederation Of Credit Union Presented By: Anthony P Pierre

2. Caribbean Confederation Of Credit Union Credit Unions are community- based financial institutions organized according to Co- operative principles.

3. Caribbean Confederation Of Credit Union. Being financial co-operatives it is absolutely critical that Credit Unions maintain sound financial practices “Not for Profit, Not for Gain but for Service”.

4. Caribbean Confederation Of Credit Union. A non-profit organization is defined as an organization that does not distribute its surplus funds to owners or shareholders, but instead uses those surpluses to help pursue the goals of the organization.

5. Caribbean Confederation Of Credit Union. The undivided surplus forms part of the Credit Union’s permanent capital – Institutional Capital - with no member either individually or collectively having a claim on it.

6. Caribbean Confederation Of Credit Union. The Co-operative Principles are a set of ideals for the operation of co- operatives.

7. Caribbean Confederation Of Credit Union. Co-operatives are based on the co-operative values of "self-help, self-responsibility, democracy and equality, equity and solidarity" and the Seven Co-operative Principles

8. Caribbean Confederation Of Credit Union. Meeting Members Needs: What Needs? Ability to Meet Needs Resolution

9. Caribbean Confederation Of Credit Union Credit Unions, as financial institutions must operate in a safe and sound manner In other words Credit Unions must adopt sound financial practices in their operations

10. Caribbean Confederation Of Credit Union The PEARLS Monitoring System has emerged as the universally accepted benchmark to measure Credit Unions’ performance and monitor financial stability

11. Caribbean Confederation Of Credit Union PEARLS : 1. Monitor the performance of credit unions 2.Create a universal language that each credit union can speak and understand

12. Caribbean Confederation Of Credit Union PEARLS: 3. Generate comparative credit union rankings 4. Provide the framework for a supervisory unit at the second tier

13. Caribbean Confederation Of Credit Union PEARLS most importantly, Present financial variables upon which credit unions can base their business planning

14. Caribbean Confederation Of Credit Union In the new model credit union, market pricing for products and services facilitates savings mobilisation

15. Caribbean Confederation Of Credit Union With PEARLS, WOCCU has set international financial standards for Credit Union performance

16. Caribbean Confederation Of Credit Union Objectives of PEARLS 1. Executive Management Tool 2. Standardized Evaluation 3. Objective Comparative Rankings 4. Facilitate Supervisory Control

17. Caribbean Confederation Of Credit Union Using PEARLS to Meet Members Needs while Maintaining Sound Financial Practices

18. Caribbean Confederation Of Credit Union Protection -5 Effective Financial Structure - 8 Asset Quality - 3 Rates of Return – 12 Liquidity - 4 Signs of Growth -7