Public Service Credit Union says AGM held...

These include: The Department of Co-operatives on checking the Audited reports for 2011-2013 claimed to have found some flaws which had to be corrected by the Auditor; The balances shown as “Audit and Supervision” Fund were alleged to be incorrect; The waivers of contribution to the Audit and Supervision Fund which were authorized by the then Minister of Labour to meet the Credit Union’s Educational and Development Programme were to be paid over to the Co-operative Department.

“And despite several meetings at the level of the Minister responsible for Co-operatives and the Department of Co-operatives, the Audited reports signed by the Committee of Management remain in the hands of the Chief Co-operatives Officer, thus preventing the Credit Union convening an Annual General Meeting approving dividends to be paid, and to continue with the Audits for 2014, 2015, and 2016,” Benn added.

“We have had a meeting on March 28 where we spoke to the senior minister of Social Protection and other senior officers reading the issue, but we have not yet received a response,” Went remarked.

Nevertheless, there are plans by the Committee of Management to hold a General Members’ Meeting at the end of this month, which is intended to not only to bring members up-to-date, but to get their views on the matter, to determine the way forward.