THE Guyana Cooperative Credit Union League Ltd (GCCUL) notes with deep concern the ominous developments that are currently taking place within the Guyana Defence Force Credit Union Ltd, an affiliate of the League. “We call upon the Chief Cooperatives Development Officer to use the authority vested in him under chapter 88:01 to ensure that all accountably, regulatory and governance issues are speedily resolved in the interest of the membership, the credit union and the cooperative movement,” said Mr. Derrick Cummings, Public Relations Officer of the GCCUL .
The League, Guyana’s umbrella body for credit unions will be monitoring the situation closely and have already alerted the Caribbean Confederation of Credit Unions (CCCU) of this undesirable situation confronting one of Guyana’s largest Credit Unions, Cummings said yesterday.