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Trouble At La Immaculada
posted (May 6, 2015)

For weeks we've been receiving reports of internal troubles The La Immaculada Credit Union in Orange Walk. But the Board of Directors has kept it mum – leaving members and depositors to figure it out for themselves.

Well 7News has confirmed that the General Manager of the Credit Union Yolanda Gomez has been placed on administrative leave while an internal investigation is conducted. Reports reaching us say that the credit union's accounts are stable, but the investigation centres on her personal conduct as GM- and transactions of a personal nature, which she approved. She will remain on leave while the investigation is conducted so that she is not a hindrance to it. We do not know the quantum of those transactions – but we are told that the credit union, which has assets of 50 million dollars remains stable.

The Board of Directors is reported to have met with the governor of the central Bank yesterday. The Central Bank will send its own team to investigate.

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