The Marigot Co-operative Credit Union Limited is a financial institution that was formed in the year 1954 out of a study group selected from persons in the community of Marigot with limited financial resources. The group was led by Mr. Belgrave Robinson assisted by a number of persons including Mr. Meshach Linton, Mr. Edney Sylvester, Mr. Slyes E James, Mr. Hommil Hamlet and Mr. Anthony Winston. The meeting place of that study group was at the Golden Arror Club in Marigot and their contribution for savings was 25¢ per week.
January 5th 1955 was inauguration day for the Marigot Co-operative Credit Union. The aim of the Credit Union was to promote economic thrift among members and provide a source of credit that was more favorable than the banking sector, to people of the Community.
The Credit Union at that time was run by a Board of Directors elected from among the same people. Mr. Meshach Linton was its first President and Mr. Syles E James the first Treasurer. Other members of the Board included Mr. Edney Sylvester, Dr. Basteria and Mr. Hommil Hamlet. At the start Mr. Hommil Hamlet collected the money from members and the money was kept at the home of a business man named Mr. Anthony Winston for safe keeping. Savings was collected at the home of the Treasurer until the first Credit Union office building was built in 1972.
What started off from a very humble beginning with member’s savings as little as 25 ¢ is today a multi-million dollar institution with assets of over 47 million dollars and the institution has a membership of over three thousand.
In addition to the main office in Marigot, there is a branch located in Wesley , Woodfordhill and Calibishie.
An Innovative Financial Establishment to serve the community of Marigot and environs by providing competitive financial services, ensuring maximum member satisfaction.
Our Cooperative is an autonomous association of persons united voluntarily to meet their common financial, economic, social and cultural needs and aspirations through a jointly owned and democratically controlled institution.
The Marigot Credit Union, is made of many Staff, Board of Directors, Supervisory Committee, and Credit Committee.