The Co-operative Credit Union League of Trinidad & Tobago

Upcoming Events


Tuesday 20, 9:30 am: Compliance Officers' Round Table (The Compliance Challenge)
Banquet & Conference Centre, Cascadia Hotel, St Anns

Tuesday 27, 9:30 am: IFRS 9 Workshop
To be determined


Thursday 8, 9:30 am: Report / Letter Writing / Presentations (Officers/Members/Staff)
Banquet & Conference Centre, Cascadia Hotel, St Anns

Tuesday 20, 9:30 am: Industrial Relations & The Economic Challenges (The Retrenchment Process)
To be determined

Thursday 22, 1:00 pm: Presidents' Meeting
To be determined

Wednesday 28, 9:30 am: Suspicious Transaction / Activity Reporting / Risk Assessment
Banquet & Conference Centre, Cascadia Hotel, St Anns


The World Council of Credit Union’s PEARLS Monitoring System is one of the tools to combine a powerful relational database with an internationally proven methodology for improving operational efficiency in credit unions. PEARLS provides credit union managers with concise, easy-to-read reports that reveal institutional strengths, weaknesses and trends. It also offers a strategic business planning tool to help managers implement change. The PEARLS Monitoring System includes:


P rotection
E ffective Financial Structure
A sset Quality
R ates of Return & Costs
L iquidity
S igns of Growth

P = Protection.

Protection is measured by comparing the adequacy of the provisions for loan losses against the amount of delinquent loans.

E = Effective Financial Structure.

Measures credit unions’ assets, liabilities and capital. Credit Unions are encouraged to maximize earning assets as the means to achieve sufficient earnings.

A = Asset Quality.

PEARLS indicators are used to identify the impact of non-earning assets by analyzing delinquency ratios, percentages of non-earning assets and the financing of non-earning assets.

R = Rates of Return and Costs.

PEARLS system helps management calculate investment yields and evaluate financial costs and operating expenses.

L = Liquidity.

Liquidity is traditionally viewed in terms of cash available to lend. Liquidity now refers to cash needed for withdrawals.

S = Signs of Growth.

Growth is measured in seven key areas: total assets, loans, savings, deposits, external credit, shares, institutional capital and membership.