FHC Registers $36m Net Surplus

First Heritage Co-operative Credit Union (FHC) has, at June 30, registered a group net surplus of just over $36-million and liquidity ratio of 17.28 percent.

CEO Roxann Linton, who assumed the leadership of the Group in January, says this reflects distinct improvement in the Credit Union’s net surplus position and maintenance of a healthy liquidity position.

She indicated that in the first six months of the calendar year, FHC has also seen growth in the deposit and asset portfolios.

Under Linton’s leadership, the Credit Union has repackaged many of its loan products to better meet its members’ needs.

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