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Friendly Societies News

Meeting with TBLA on Tuesday 7th September 2021

The Registrar of Friendly and Building Societies Mr. Michael Alonzo Seales met with the CEO Mr. Leslie Nelson of the Trinidad Building and Loan Association (TBLA), a financial organization registered under the Building Societies Act. This meeting took place on Tuesday 7th September, 2021 at the TBLA’s building. TBLA’s contact is 623-1501-4, email: info@tblamortgages.com, Website: www.tblamortgages.com

The TBLA has been in existence since 1891, providing affordable mortgage financing for people to own, renovate or improve their property. This 130 year old thriving organization has a membership of 400 and an asset base of 105 million dollars.

The meeting lend itself to discussions surrounding the way forward such as amending the Building Societies Act, amending TBLA’s By Laws, partnering with stakeholders like the Friendly Societies, embarking on joint ventures with credit unions and entering into the FOREX market to name a few.

Hereunder is a pic of the Registrar of Friendly and Building Societies and the CEO of the Trinidad Building and Loan Association (TBLA)