17 February, 2021, 8:45 pm
FNACU president Mereani Waqa at the union’s 43rd annual general meeting. Picture: JONA KONATACI/FILE
THE Fiji Nursing and Associates Credit Union (FNACU) paid out 6 per cent of $222,853 in dividends from last year to 1082 members during its recent annual general meeting in Suva.
Union president Mereani Waqa said the dividends were paid out based on members’ shares.
Union treasurer Tagivaco Vakaloloma said over the past five years, members had received 6 per cent of the dividends. She said the total income for the past five years had increased by $23,108.
“Last year has been a rewarding one for us as members as we consider the significant progress which the association has made through the annual profit achieved,” she said.
Wanshika Kumar
24 January, 2021, 11:52 am
Kelera Raikoso, Seruwaia Vakalolo, Sera Tamoi and Jokaveti Waqatakirewa enjoy refreshments during the Fiji Nursing and Associates Credit Union meeting in Suva yesterday. Picture: JONA KONATACI
Reduction in new members joining the union is the major challenge faced by the Fiji Nursing and Associates Credit Union.
FNACU president Mereani Waqa noted this at the union’s 43
rd annual general meeting in Suva yesterday.
“Our major challenge is membership,” Ms Waqa said.
“And from the past years, we have been losing members as members have been withdrawing because of financial constraints and whatever family commitments they have,” she added.
Wanshika Kumar
24 January, 2021, 7:12 pm
Secretary Aliote Galuvakadua and Mereani Waqa, president of the
Fiji Nursing and Associates Credit Union during the meeting in Suva yesterday. Picture: JONA KONATACI
The income of Fiji Nursing and Associates Credit Union has been severely affected over the past five years because of low membership numbers.
This, according to the union’s secretary Aliote Galuvakadua during its annual general meeting in Suva yesterday.
“In 2019 we had 1108 members and in 2020 the number decreased to 1082, which affects our union as it leads to a decrease in our income,” she said.
She said trying to retain membership numbers was an ongoing challenge.