W.C.C.C.U Ltd. 3rd AGM

• Published On: Aug 31, 2008
• |
• Category:: General
• |
• Posted by:: Administrator

The WCCCU Ltd. held its 3rd Annual General Meeting at the Matthew’s Hall in St. Joseph, the location of its newly established branch office.

5% Dividend Paid on Member Share Capital

The membership approved a 5% dividend on Member Share Capital; otherwise known as permanent shares, this was among the highlights of the society's Annual General.

This is the second dividend disbursement by the Society since the introduction of Member Share Capital. Last year, at the 2nd AGM the membership approved a 6% dividend.

The Board expects that the payment of such attractive rates will persuade members to further invest in their credit union by purchasing more shares. Members were also privy to the awarding of one board member and one committee member for long service.

Volunteer Awarded for Long Service

Members were also privy to the awarding one committee member for long service.

Chairman of the Credit Committee, Mr. Burton Vidal was awarded for his long service to the society before, during and after the merger.