00:00The agreement signals what both institutions call a shared commitment to building wealth, security and stability for citizens.
00:08It is a dream come true today and we consider this a step in the right direction on behalf of our members.
00:17We represent 763,000 members, assets in excess of $20 billion TT dollars and 133 credit unions.
00:30That's significant. We do not see the TTMB as a competitor, but a partner.
00:35The league says while some of its 133 member credit unions are able to provide loans, many cannot offer long-term facilities.
00:45We see this as an added benefit and therefore in keeping with our trust to get the best for our members,
00:52we decide to go in the step of a strategic alliance so that we can give our members added value so that they can lead their lives more successfully.
01:05The mortgage banker says this partnership will help fill the gap by tailoring products specifically for credit union members.
01:13At TTMB we believe that home is more than bricks and mortar, it is the foundation of stability, dignity and generational progress.
01:24And through this partnership we are extending that belief into action by offered tailored mortgage solutions,
01:32project financing and investment opportunities to league members and the league membership.
01:37These are not just products, these are tools for transformation.
01:44Both parties say the MOU is not about competition, but about complementing each other's strengths to better serve citizens and to strengthen the financial sector.
01:55Aksha Galston, TV6 News.
01:57Thank you for your leadership.
01:58Thank you for your leadership.
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