history of troubles
2003, the HCU came under the spotlight as
it spent millions of dollars to acquire
real estate in Chaguanas, in the process
pushing up land prices and almost doubling
owes $25m in interest
in troubled financial waters over recent
months, the Hindu Credit Union (HCU) is
now unable to meet its financial obligations
both to its members and creditors...
Minister offered advice
Finance Minister Karen Nunez-Tesheira expressed
grave concern at information
on the Hindu Credit Union (HCU) conveyed
to her by the HCU as well as from an inquiry/audit
process being done on the credit union by
Ernst and Young...
union wanted $1b liability limit
HCUs special general meeting of June
20 sought approval to apply for $1 billion
to cover all members funds and external
borrowing, according to minutes of the meeting...