Ariza Credit Union has announced another year of strong financial performance, highlighted by the distribution of EC$2,586,609 in member returns at its Annual General Meeting (AGM) held at the Grenada Trade Centre on 28 April.
For the financial year ended 31 December 2025, the credit union recorded a surplus of EC$11,183,343, with EC$6,821,839 remaining as unallocated surplus after all statutory and required allocations were made. The results reflect continued financial strength, disciplined management, and sustained member confidence.
In a historic first for Ariza Credit Union, member payouts were made on the same day as the AGM, allowing members to receive their dividends and rebates while the meeting was in progress. This milestone reinforces Ariza’s commitment to immediacy, transparency, and delivering value directly to its members.
The total distribution of EC$2,586,609 to members included EC$1,450,578 in dividends on Equity and Qualifying Shares (5%) and EC$1,136,031 in loan interest rebates (3%)
The AGM, held under the theme Membership Redefined: Empowering Members, Securing Our Future, underscored Ariza’s continued focus on strengthening member relationships while positioning the organisation for sustained growth and stability.
In addressing members, the board reaffirmed its commitment to prudent financial stewardship and ensuring that members continue to benefit directly from the credit union’s success.
The AGM also marked important changes in leadership and governance. The credit union bid farewell to Sis. Lyndonna Hillaire-Marshall, who served on the Board of Directors for 2 consecutive terms. Sis. Alana Twum-Barimah and Sis. Tricia St Bernard were elected to serve second consecutive terms on the Board of Directors. Sis. Dahelia Thomas, a former member of Ariza’s staff, was elected to the Board of Directors for the first time. On the Credit Committee, Sis. Desiree Stephen and Sis. Judy Pivotte were both elected to serve second terms.
CEO Mervyn Lord noted that the results and governance transitions reflect the strength of the cooperative model and the continued trust placed in Ariza’s leadership, as the institution remains focused on enhancing member value, strengthening financial resilience, and supporting long-term prosperity.
As Ariza moves forward, it remains committed to building resilience, inspiring confidence, and delivering sustainable value to its members and the wider community.
Ariza Credit Union
