Thursday 20 February, 2020

TECU credit union rubbishes fake news

The TECU Credit Union is rubbishing rumours which are allegedly circulating in certain circles.

TECU issued a statement on Thursday noting that the statements were mischievous.

However, it did not specify what the statements were.

“We do not normally pay attention to rumours, but we have recognised that mischievous and unfounded statements are circulating on social media, based on some unknown intent, which can become dangerous in these present circumstances,” stated President of TECU,  Kenneth Allum.

Allum added, “We, therefore, state categorically, that with an asset base of in excess of $2 billion judiciously managed by an experienced executive and staff, monitored by a hands-on Board of Directors, TECU continues on the course of financial strength and wise decision-making, to manage the capital and investments of our membership.”

The statement also noted that TECU has begun preparing its members who will receive severance benefits from Petrotrin to wisely invest their financial windfalls in their portfolios.

“We are certain that TECU members who receive financial benefits for their years of service in Petrotrin, can make their monies work for them and their families as opposed to random and widespread consumer spending. We intend to counsel them and provide financially viable options for them,” the President ended.

All members currently facing financial difficulties are invited to contact TECU at 800-TECU (8328) to chat with a TECU representative about their options.

The statement added that TECU has 73 years experience with an inter-structure to withstand any challenge. It said it developed a diverse membership after having its start in the energy industry.


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