President of the Cooperative Credit Union League, Joseph Remy

There is the view from one trade unionist that new rules targeting the credit union movement will affect their ability to make surplus and reduce dividends.

President of the Cooperative Credit Union League, Joseph Remy said one of the new stipulations requires credit unions to comply with measures which are described as stringent as it relates to loans.

Mr. Remy said the measures were introduced on January 1st this year.

He also suggested that provision be made for the exemption of small credit unions.

Mr. Remy made the comment during today Business Corner programme on Power 102.1fm this afternoon.