The Ministry of Youth Development and National Service (MYDNS) regards the Trinidad and Tobago Police Service Credit Union as an invaluable stakeholder in the mission to improve the quality of lives and bolster national pride. We are pleased to provide the necessary support through our Co-operative Development Division (CDD), towards the development of the Credit Union Sector, particularly institutions like the Trinidad and Tobago Police Service Credit Union, which has served this nation for the past 66 years.
Mr. Farook Hosein – Permanent Secretary, MYDNS, delivering Remarks on behalf of the Honourable Foster Cummings, Minister of Youth Development and National Service, affirmed the Ministry’s support on Saturday 23rd April, 2022 at the Flagship Dedication and Ribbon Cutting Ceremony at the Trinidad and Tobago Police Service Credit Union’s Head Office in Barataria.
The Honourable Fitzgerald Hinds, Minister of National Security was also present and urged the Credit Union Executive, “Just as you have acquired this building, you must guide your members to acquire land, investments and other assets which will aid them in their financial lives.”
Mr. Aldric Neptune – President, TTPS Credit Union gave a short history of the organisation, “From under a step in the Old Police Headquarters on St Vincent Street Port of Spain in 1956, sixty-six years later to over Seventy-Two Thousand square feet of floor space in one building, four branches throughout Trinidad and Tobago, an asset base of $998.5M; over twenty thousand members; and 125 committed members of staff, we can say proudly that our credit union has not only survived, but it has strived.”
Also speaking at the Ribbon Cutting and Dedication Ceremony were Alderman Anthony Roberts – Chairman, San Juan Laventille Regional Corporation and Mr. Saddam Hosein, Member of Parliament for Barataria/San Juan. The Flagship Building, which broke ground in May 2019, includes retail and office space, conference rooms and an auditorium, which are available for rent, as well as a gym and rooftop entertainment area.
The Co-operative Development Division, a division of the Ministry of Youth Development and National Service, regulates and supervises Co-operatives in Trinidad and Tobago under the legislative requirements of the Co-operative Societies Act. There are four (4) broad categories of co-operatives in Trinidad and Tobago: Financial Co-operatives/Credit Unions; Non-Financial Co-Operatives; Junior Co-operatives and Secondary Bodies. The CDD strives to create an enabling environment in which Co-operatives can contribute towards the socio-economic development of the lives of its members.
The Ministry of Youth Development and National Service (MYDNS) remains committed to bringing all stakeholders together to promote youth development and encourages civic-minded citizens to contribute to national service across Trinidad and Tobago.