BICCU Bahama Islands Co-operative Credit Union

NAME CHANGE – 1st JANUARY 2007

At our Annual General Meeting held on August 19th 2006 it was unanimously agreed to change the name of this co-operative from Paradise Island Resort & Casino Co-operative Credit Union Ltd. To Bahama Islands Resorts & Casinos Co-operative Credit Union Ltd. (BIRCCCU).

We have maintained the original name since inception, and effectively served Resort Hotels on the island of New Providence.

The name ?Paradise Island Resort & Casino Co-operative Credit Union Ltd.? gives a public perception that this Credit Union is solely for participation of the staff of Paradise Island employees only; the change would be physiologically more receptive to full membership and participation to all Bahamians within the Commonwealth of The Bahamas.

On January 1st 2007 Paradise Island Resort & Casino Co-operative Credit Union Ltd. (PIRCCCU) will be known as Bahama Islands Resorts & Casinos Co-operative Credit Union Ltd. (BIRCCCU). This change would be subject to approval of the Director of Co-operative Development. Such changes will involve notifications, changes to stationery documents and any other areas where the name may be affixed. The completion date when the name should be fully integrated is 30th June 2007.?

Dated 24th October 2006