St. Francis Xavier Credit Union Limited will open a branch in San Pedro Town. This was announced yesterday during the Credit Union's special meeting in San Pedro. The branch will be opened on March 11th 2003 on Barrier Reef Drive. In addressing the gathering, Chief Executive Officer in the Ministry of Cooperatives, Sergio Garcia, expressed enthusiasm with the bold step taken by St. Francis Xavier Credit Union of Corozal, to open a branch elsewhere and urged the residents to join and make use of the services offered. The Credit Union's General Manager, Vicente Canul, stated that one of their immediate goal is to have 24 hours ATM service. Treasurer, Armando Williams stated that St. Francis Xavier Credit Union limited has assets of over 20 million dollars and as of January 31st., this year, reported profits of more than $700,000.00.