BY-LAWS as of October 2017

Barbados Public Workers’ Co-operative Credit Union Limited - ByLaws Contents Mission statement 2 The prayer of saint francis of assissi 2 Name 3 Interpretation 3 Registered address 4 Objects 4 Area of operations 4 Capital and funds 4 Membership 5 Shares 6 Meetings of members 6 Quorum 7 The board of directors 7 Elections 8 Tenure of office 9 Rotation of directors 9 Termination of office 10 Disclosure of interest 10 Secretary and treasurer 11 Discipline/dismissal of internal auditor 11 Credit committee 11 Supervisory committee 13 Loans to members 14 Reserve fund 15 Dividend and bonus 16 Investments and funds 16 Annual accounts and reports and audits 16 Seal and execution of documents 16 Books and forms 16 Inspection of books 17 Disputes 17 Amendment of rules 17 Voluntary dissolution 17 Schedule of amendments of by-laws 18 Notes 19 Notes 20

RkJQdWJsaXNoZXIy MTA2MDM=