On The Ides Of March – BPWCCUL Has 14 Days To Respond!

Terrol Inniss, President of BPWCCUL

The last blog posted regarding BPWCCUL has resulted in the wrongful dismissal of several workers including a very hard-working and honest Finance Manager, the continued harassment of an equally honest and sincere Internal Auditor and a professional and competent IT Manager. It has also triggered the running of two Directors who I’m glad to see the back of and the resignation of the Chairman of the Supervisory Committee. We only hope the Financial Services Commission is taking note.

As a pre-cursor to the Annual General Meeting it is essential to fully ventilate the issues and therefore we shall be posting on a regular basis to try to make sure that what has happened at CLICO does not happen here. In this situation more than fifty-thousand Barbadians would be affected.

This first post is a friendly game of 20 questions but if the Board is not forthright with members then it will be escalated with severely damaging information. Nothing short of the stepping down of the BPWCCUL President, Vice President, Treasurer, Secretary, Director Marilyn Mapp, Director Keiva Cadogan, the CEO, CAPITA’s Chairman, Deputy Chairman and CEO will avert this course of action.

These issues have not been raised officially with the Supervisory Committee because that has proven to be 100% ineffective and impotent. Remember, money talks and once Supervisory Committee members are offered trips to attend meetings across the Globe, they forget their duty and chase after a Board position.

So the 20 questions:

Barbados Public Workers Cooperative Credit Union Members Urged To Take Back Their Credit Union From The Few Who Have Hijacked It

Submitted by Cat Eyes

.

Clorinda Alleyne, CEO, Public Workers’ Co-operative Credit Union Limited

1. How is it that the CEO of this credit union makes almost $20,000 per month, inclusive of allowances. More than the Prime Minister of this country?  More than what some executives of private sector banks and insurance companies earn; more than some executives who have to perform and are appraised on performance. She also receives leave passage – the type that longstanding civil servants receive- holiday with passage paid for by the members. They have smartly sat down and crafted an exceptional salaries and benefits package for Alleyne who adds no value to the institution if you were to review her performance. Her salary is almost 6 thousand dollars more than her deputy the Legal Counsel. Those gaps in salary ranges are highly unusual. The CEO of the PW credit union has no financial qualifications, save for the credit union courses, and was a less than stellar attorney before joining the organisation as its Legal Counsel, yet through the machinations of Paul, and certainly not on ability or skill she is the head of this organisation.
2. The CEO has a chauffeur who is paid out of the organisation’s coffers. The reasoning was that she was suffering from dizziness so she could  not drive. For five years or more this has been occurring. It was suggested that the driver, who is a messenger at the credit union, be paid the overtime for chauffeuring her, out of her salary. He also picked up her children from schools that are within walking distance of the credit union..
   

Concerned Barbados Public Workers Cooperative Credit Union Members Speaking Out

Submitted by BPWCCUL Concerned Members Coalition

.

Paul Maxwell,Treasurer of BPWCCUL, a Director of CAPITA, a Director of BPW Financial Holdings and was recently named as CEO of CAPITA - accused of conflict of interest

Members of the Press

The Annual General Meeting of Barbados Public Workers Cooperative Credit Union will be held on June 18th 2011 and will be a watershed as a large number of fed up and concerned members will be there to let their voices be heard.

The major issues are:

• Two cases of fraud which are being covered up by the Management, Board and Supervisory Committee. These fraud cases were not reported to the external auditors or to the regulator as required by section 215 of the Cooperatives Societies Act. Indeed the CEO and Management did not follow the procedures set out in their own anti-fraud policy — which should have seen the Internal Auditor immediately alerted and the necessary investigations conducted. Two staff members have lost their jobs so far and dozens of members whose cards were created by one particular individual are at risk. While these two staff members are no longer with the organisation, there is evidence that they did not act alone. The members are therefore concerned about any involvement by others including supervisory and management staff.