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Hindu Credit Union - Trinidad, Tobago / Caribbean - Posted: 11th Feb, 2009 - 11:17pm
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HCU
Post Date: 10th Feb, 2009 - 12:49pm / Post ID: #
NOTE: News [?]
Hindu Credit Union
'Investor confidence no longer the same'
Proposed private sector bailout of HCU
FINANCIAL experts yesterday cast doubt on a new plan to inject $300 million to rebuild the Hindu Credit Union (HCU). The plan, which was revealed on Sunday by UNC deputy political leader Jack Warner, who called on businessmen to join him to save the HCU and pay its depositors. Warner, on Sunday, pledged $1 million to kick start the refinancing of the HCU. Ref. Source 3
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The Hindu Credit Union's head is not taking Jack Warner's offer as something positive, in fact he has asked for an apology claiming that Jack Warner seeks to undermine the HCU members by offering to 'buy' the HCU without deliberating with them.
TOPIC: Hindu Credit Union