Modern.gov Content
Issue - meetings
Bristol Credit Union
Meeting: 02/04/2019 - Cabinet (Item 17.)
17. Bristol Credit Union Investment 
PDF 140 KB
Additional documents:
- Bristol Credit Union appendix A, item 17.
PDF 315 KB
- BCU investment appendix I , View reasons restricted (17./3)
- Bristol Credit Union Report 27122018 , View reasons restricted (17./4)
Decision:
1) Cabinet approved the investment of £500,000 into Bristol Credit Union for a term of ten years at an initial coupon rate of 6% - with gateway reviews at years 2(3) and 5.
2) Cabinet delegated authority to the Director of Finance and the Director – Legal & Democratic Services to finalise the terms of the agreement for the investment in BCU
3) Cabinet delegated authority to the Director of Finance to agree a performance monitoring framework with BCU to identify early and mitigate any risk associated with the investment