THE Guyana Agricultural and General Workers Cooperative Credit Union Society Limited held its 17th Annual General Meeting last Monday at the Umana Yana, Kingston, Georgetown, which saw an attendance of approximately 300 members drawn mainly from entities where GAWU enjoys bargaining rights. The Report of the Committee of Management was presented by Rooplall Persaud, Secretary of the Society for the period November 23, 2009 to September, 2010 highlighting the year’s activities of the Society.

The report of the Auditor was also presented as well as the Report of the Supervisory Committee. The Audit report advised that the Society made a profit of $14,574,223 for 2009.

Five resolutions were approved relating to the disbursement of the surplus; $8,257,053 as Dividend Payments, $1,622,953 as Interest Rebates, $98,365 to the Social and Entertainment Fund, $1,737,938 to the Audit and Supervision Fund and $2,857,915 to the Statutory Reserve.

An 11-person management committee comprising : Bevon Sinclair, Ramnarase Tiwari, Roopall Persaud, Charles Cadogan, Walter Raghoo, Indar Persaud Singh, Richard De Freitas, Gaietri Baron, Aslim Singh, Seepaul Narine and Derek Thakur was elected until the next AGM and Narda A. E. Mohamed, Kavita Bishun and Ameeta Carrol were elected as members of the supervisory committee.

Over the past year the membership of the Credit Union grew by over 300 members to over 7,000 members currently.

The Guyana Agricultural and General Workers Cooperative Credit Union Society Limited said it upholds its Annual General Meetings and ensures strict accountability and transparency in all aspects of its work.