Lawmakers welcome new safeguards for credit union members
Finance
Politics
Legal
June 24, 2026
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A long-time parliamentarian and the labour minister have thrown their support behind the depositors insurance bill, calling it consistent with the credit union principle of “people helping people”.
The Protection of Depositors Insurance Bill was passed in the House of Assembly on Tuesday, which the lawmakers described as a timely move to create inclusion for ordinary Bajans and small businesses who lacked a safety net in the event their credit union failed or was destroyed.
Christ Church West MP Dr William Duguid said the legislation completed work started two decades ago when deposit insurance protection was extended to commercial banks.
Finance
Politics
Legal
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