The General Manager of La Inmaculada Credit Union with its main office in Orange Walk and branch office in Belmopan has been placed on Administrative Leave. The rumors that Yolanda Gomez was placed on Administrative Leave by the institutions board of directors began last week but confirmation was hard to come by. That is until today.
CTV3 News understands that Gomez was placed on Administrative Leave by the board of directors last week Wednesday. Reports are that yesterday, the board, chaired by Ena Martinez, met with the Governor of the Central Bank where a recommendation was made for Gomez to be placed on administrative leave by the bank in order for investigations to be carried out.
But what exactly does the investigation have to do with? While there are many theories to that question, we can’t give you a concrete one tonight since the board of directors is being tight lipped about the entire situation. What we can tell you is that, according to our sources, the investigation is being carried out by Central Bank, which the credit union falls under because the bank has what is being described as some concerns.
Those concerns have to do with Gomez’s personal conduct and transactions of a personal nature, according to our sources.
And that is as far as we know. While we tried to get comment from the chair of the board of directors our efforts have proven futile. Noteworthy is that the institution is preparing to hold its Annual General Meeting on June 6th when finances and other reports are presented to its membership.
Of note is that Gomez upon taking the helms of the institution began with a staff of only two. Since then, with hard work and determination she restored confidence and carried LICU to new heights of success. There is no doubt that under her stewardship LICU has grown tremendously both in assets and membership. As of ending of March 2015 assets stood over $50 million while net surplus equivalent to net profit stood at approximately $3 million. LICU is one of Belize’s largest credit unions with a membership of over 20 thousand.
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