On Saturday while members of the La Inmaculada Credit Union were busy at the Special Meeting, members and staff of the Saint Francis Xavier Credit Union in Corozal were engaged in a totally different activity. The management of the institution celebrate their annual back to school initiative by awarding students school grants. The program is one the institution is proud of says General Manager, Rafael Dominguez.


Screen_Shot_2015-08-24_at_8.18.53_PMRafael Dominguez General Manager St. Francis Xavier Credit Union.


“This student grant actually we started in 2008 for this year we have an increment of students from 335 last year to 475 students that qualified for the students grant, throughout the district of Corozal the students from what we can say Corozal Community College, Escuela Mexico, Chunox, Adventist College and we even have participating other members that travel to Orange Walk to Muffles, Technical and even to Belize City, St. Catherine, Palotte High School and also for those in the island we have members that qualify also for that including the ITVET students.”


Saint Francis Xavier Credit Union is one of the few credit unions that can boast of assisting Secondary Institutions out of their boundary including St. Catherine’s Academy.


Rafael Dominguez General Manager St. Francis Xavier Credit Union.


“Very simple, the student come to the office and they get a form to fill in whereby they will give us their information and a little data as to their GPA average and also that they have paid their first registration where they will be going to the high school and of course being a member with a minimum of $20 in shares.”


So far the credit union has awarded more than 460,000 dollars in grants.

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