57 responses to “COB CEO fallout could destabilize the credit union sector”

1. 

   David

   September 11, 2026 at 2:25 pm

   
   

   The challenges for the cooperative movement in Barbados is not in the model but the nuance we see with the same faces being rotated on the Boards and different Committees and all that flows from it. The petty divisions and politics etc.

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2. 

   Bush Tea

   September 11, 2026 at 11:10 pm

   
   

   Do you have any information that the ‘same faces’ do not also ‘rotate’ in the movement in other jurisdictions? ‘
   …or that the ‘petty politics’ is any different in other places where co-ops are very successful?

   These are HUMAN failings boss.
   And some of the ‘faces’ that rotate, are those of selfless volunteers – who step up – year after year, when people like you and Pacha just stand outside the tent pissing in…
   The challenge for the local co-op movement is identical to our overall challenge…
   Too many brass bowls…
   Too many chains binding the BB minds…
   We are too attached to the comforts of being chattel slaves.

   Even so, every thing else is worse!

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3. 

   David

   September 12, 2026 at 11:21 am

   
   

   @Bush Tea

   Obviously in a small country, smaller population relative to larger country there will be a higher chance of the same faces rotating. Which supports the original point that in Barbados because of our small relative size, it is a weakness.

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4. 

   banking trending

   September 12, 2026 at 1:19 pm

   
   

   The trend in Banking (including Building Societies and Coops) is ackquisitions and mergers where the big fish eat the little fish, staff are made redundant, offices and branches are closed, technology and automation is introduced, operations are centralised, work is outsourced, foreign investors take over..

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5. 

   Bush Tea

   September 13, 2026 at 9:55 am

   
   

   Actually @ David, co-ops tend to be community-based societies, and even in large jurisdictions, many co-ops are relative small organizations that are built around a common interest, relationship or objective.
   So typically, the average co-op in a small country is very much like the average coop in a large country. Often these are family, workplace, church, or community based.

   Of course there are exceptions where the common interest area is extensive (insurance, financial, energy etc) where the potential for growth in large countries is much greater.

   What is different in Brassbados is our 500-year-old tradition of the plantocracy – where the majority of the population were DISPOSSESSED. The novel concept of OWNERSHIP and collective CONTROL – which is the central philosophy of co-ops is quite foreign in the birthplace of the “Barbados Slave Code”.
   Our politicians are unfortunately key victims of this mental slavery syndrome… which is why they LOVE FDI.

   We have been ‘eddykated’ and conditioned to think that ‘success’ means holding a ‘good’ job, while working for a ‘kind’ boss, RATHER than taking FULL RESPONSIBILITY for our own destiny.
   Bajans therefore prefer a ’good’(servant) job on a modern plantation (bank / insurance / massy / BLPC / etc) owned by a foreigner, to owning their own plantation jointly, and taking collective responsibility for the results.
   Unfortunately our politicians have neither the intellectual skills nor the social capacity to change this mindset – since they too are victims of the mental chains.
   Where else can the blind lead the blind – but over a cliff…?

   What a place

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6. 

   David

   September 13, 2026 at 10:42 am

   
   

   Your point is understood @Bush Tea but it doesn’t negate the argument of scale when comparing small Barbados to large countries.

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7. 

   David

   September 26, 2026 at 5:25 am

   
   

   Abused workers demand urgent action

   Some say it is almost like a city within a city and that what obtains within the walls of the toxic institution is absolutely horrible.

   Confidentiality contracts are a must and threats are the order of the day in a financial institution which, from the outside, appears to be running smoothly.

   But as events unfold regarding the fluidity of the recent bombshell at the institution, staffers are bombarding Cou Cou with the disgust of the employment conditions.

   Describing verbal abuse as virtually the norm from big-ups towards staff, especially after board meetings, they say there is more in the mortar than outstanding loans and bad debt.

   They identified two big-ups in particular, who they say are short on manners, as the principal “pirates” in terms of their language towards them as expletives flow like water running down a hill. This is done as the high men demand that workers bring in more customers to take out loans to shore up the books.

   Those who know their way around the said books, some say, are cooking them to their benefit and have been doing so for a while.

   In an environment of fear and sick leave, they pleaded for a forensic audit of books they say are padded with content that would “raise the dead”.

   Those in the know say some workers are privately seeking counselling because of the intense pressure that they are put under and that an exposé of the goings-on is long overdue.

   As the environment remains tense, it is understood that staff are waiting with bated breath for the truth to hit the fan because of what they say is the inevitability of heads having to roll.

   Source: Nation

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