00:00What is happening for the past three to four years, we have not been able to get a dividend.
00:04When we address the management concerning it, they're saying that no auditing has been done
00:09for the past four years and it is impossible for it not to be audited because every year
00:14any financial institution would be audited every year in coming to the next year.
00:23So I'm not satisfied. So that's why I'm here this morning.
00:26Hundreds of people are affected in Tobago. A Corpus Credit Union member, Janelle Clinton,
00:31says the establishment continues to leave members in the dark as to what exactly is happening.
00:37And it is very, very unfair knowing that we're paying, we're paying, we loan everything.
00:43When we come and we ask or we call, we have to keep our AGM. Last year they keep AGM meeting,
00:48then they come and say they ain't paying no dividends. They owe we for four years. Even
00:54though you pay the AGM, you keep the AGM meeting. Pay for two years, let we feel good.
01:00Mama guy, we are something. We just sit down in the dark and we ain't doing nothing.
01:05We're taking place inside out here.
01:07Ms. Clinton told TV6 News that she was depending on the dividends to assist her
01:12in buying her daughter's school supplies for the reopening of school in September.
01:18It affected me very bad because school coming up, my daughter, I'm four, I'm three.
01:23I looking out for the little dividends to pay, buy my school books, nothing. They had to do
01:29better than that, man. Every day I just call, I don't just call here, I just call Trinidad.
01:33They like to tell you how dreaded it is. And they, you know, over the phone, they're beating
01:37you around the bush and hang up the phone. Plops, that is it. We can't get no kind of
01:42information from them. They need to do better than that, man.
01:44TV6 News contacted General Manager of Cooper's Credit Union, Niles Horsford.
01:49He confirmed the non-payment of dividends to members for the past four years.
01:54Mr. Horsford said there is a backlog from 2018 as a new regulation was introduced in
02:00the financial sector. And while audits of the credit union remain ongoing for 2021,
02:072022 and 2023, it is hoped that these would be completed by year end so that the payment
02:14of dividends to members can take place. Elizabeth Williams, TV6 News.
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