Solomons Teachers Upset By Credit Union Payment Delays

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Some members received no shares, claim over-deduction

By Charles Kadamana

HONIARA, Solomon Islands (Solomon Star, Feb. 26, 2013) – Financial members of the Solomon Islands National Teachers Association (SINTA) credit union are frustrated with the continuous delay of payment from their savings.

About 20 members were confirmed to receive their payment last Friday and yesterday but to their dismay the office was closed the whole day.

This has prompted the members to express their frustration through the media.

The members expressed that they were frustrated over how the chairman and its executive handle their funds because they promised to make payment last Friday and yesterday but nothing has been done.

One of the long serving members of the fund, Resina Niuni, who claimed she has a share of SB$38,000 [US$5,213] said she is now worried about her savings.

She said since she joined the fund around the 1990s, she only withdrew once in 2008, but up until yesterday had not received her shares.

Another member who is now a retired teacher, John Maesiola, said he wants his shares to be fully paid off.

He said he was surprised to be informed that his shares will be paid on an installment of SB$500 [US$68.60] until his shares it is fully paid.

"Retired teachers who are member of the savings should have their share fully paid off as they will no longer member of the funds," he said.

Another member Ishmael Ou’ou who claimed his has a share of SB$$32,000 [US$4,390] said SINTA credit union has over deducted him while he has already paid off his loan in 2006.

The Solomon Star could not reach SINTA credit union chairman Donald Kura for his response.

However SINTA national executive president Samson Faisi said he sympathizes with the members. He said SINTA credit union is operating independently and so he has no influence on the fund.

However he said the national executive will converge a meeting and will work together with the members to address the issue.

He said if something is going wrong, the national executives will work with the members to call for a petition to remove the executive.

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