BELMOPAN, Belize–The board of La Inmaculada Credit Union here has responded to a request of a group of members who had collected signatures to prompt an Annual General Meeting. Members had petitioned the credit union to hold the meeting, which it has not done for more than a year.
In a press release from the credit union that was first reported by Love-FM, the credit union announced that it will be holding a Special General Meeting instead of its already overdue AGM. Some 1,200 members signed a letter calling for the meeting to be held.
“At that meeting we are going to discuss the delay of the annual general meeting, the report of audit, dividends due and why the termination of (former manager) Ms.Gomez,” said Dave Espadas one of the members leading the call for the meeting, told Love-FM. “That being said we have heard through rumors , because nothing is concrete and it’s just rumors, that these people had hired central bank to do the audit they found nothing wrong with the finances, they hired external auditors to go and re-audit the credit union, they were on a witch hunt and we don’t know what they found. What we know is that the issued a letter of dismissal to Ms.Gomez but the investigation is still going on, so how can you dismiss a person when you are still investigating the system? It’s totally out of order and these are the things that we want to discuss as members/ owners of the credit unions on this special meeting.”
According to the La Inmaculada Credit Union by-laws, either 10% or 1,000 of its members needed to formally petition for AGM to be held. The special meeting is set for Saturday, August 22.