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GDF Co-op Credit Union delivers for members

The Long-Term Loan ceiling at the GDF Co-operative Credit Union which was pegged at one million two hundred thousand dollars ($1.2M) has been increased to two million dollars ($2M), and the Auto Loan ceiling is now set at three million ($3M) dollars, up from $1.2M. Additionally, the Credit Union will now begin offering Mortgage Loans to a maximum of five million dollars ($5M) to all eligible members. However, the mortgage loans will be subject to the same rules, as they apply regarding the issuance of such loans at commercial banks.

These are some of the more impactful decisions coming out of the just-concluded Annual General Meeting (AGM) of the Guyana Defence Force Co-operative Credit Union. The Credit Union held its AGM yesterday, May 10, at Base Camp Stephenson, Timerhi. Chairman of the Committee of Management (CoM), Colonel Gary Beaton, delivered his report to the hundreds of members who were present.

The CoM has also seen the infusion of new blood, in the persons of Warrant Officers Class Two Cleveland O’Brien and Dwain Daniels, and retired Corporal, Cecil Bradford, who replaced Majors Eon Murray, Eon Caulder, and Michael Shaoud, who previously sat on the committee.

Staff Sergeant, Sithole George, Sergeant Vernon Cummings, Corporal Delroy Baird, Lance Corporals Calvin Crawford, Imtiaz Yasin and Quincy Craig, and Privates Kevon Williams, Devon Miller, Telvin Richards, and Aluko Bess, won door prizes, of $10,000 each.