Members of the National Cooperative Credit Union (NCCU) have passed a resolution at its 5th Annual General Meeting to accept the “assets and liabilities” of the Castle Bruce and South Eastern Credit unions thus paving the way for them to be part of the NCCU and become the “big seven.”
That meeting took place at the Teza Grounds in Mahaut on Tuesday evening and as mandated by law, the NCCU needed to have a ‘special meeting’ and request the permission of the members for that purpose.
A few members expressed concerns and shared their views on the issue but after debate, discussions and clarifications, the resolution, which needed 3/4 of the members present at the meeting, was passed.
It now means that South Eastern and Castle Bruce Credit Union, which had over one year ago gotten the permission from members and also passed the required resolution, will soon be part of the NCCU.
Meantime, at the AGM, five new members were elected to serve a three year term on the board to replace five outgoing members some of which had served two consecutive three-year terms and under the NCCU’s law were not eligible for reelection.
The new board members are Charmaine Brumant, retired police ASP Patrickson Albert, social worker Kyra Paul, accountant Candia Joseph and graphics designer Janice Roberts.
They will soon meet to elect a new executive to lead the institution for the next year.
A number of new persons were also elected on the Supervisory/Compliance committee and Credit committee.