On Friday we told you about a signature drive by disgruntled members of the La Inmaculada Credit Union. They are trying to gather a thousand signatures for a petition to force their credit union to hold an annual general meeting and declare a dividend.

Well, the management of the Credit Union put out a statement today stressing to its members that it does not endorse the signature drive. The statement says, quote, "Some of our members have indicated that they were deliberately misled through inaccurate information and that their signatures were obtained under deceit." And even for those who signed, the Credit Union says, quote, "any and all signatures will need to be verified as is required by due process."

The statement says that the Annual General Meeting will be held as soon as an investigative process is finalized, at which time, quote, "your rightfully due dividends will be recommended for approval." It adds, quote, "Many are being wrongly informed that their dividends are being purposely withheld and will not been given and both allegations are totally false."

And we will note that while the undertaking is encouraging, this is a credit union that went completely silent for months – when there were credible allegations of financial irregularities at the highest level.