St. Francis Xavier Credit Union Ends Leadership Dispute at Annual General Meeting

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Posted: Tuesday, June 28, 2022. 9:45 a.m. CST.

By Aaron Humes: Nearly two thousand members of the Corozal Town-based St. Francis Xavier Credit Union (SFXCU) put an end to the institution’s ugly spectacle of infighting at its annual general meeting.
The election of a new board of directors, a credit committee and a monitoring committee dominated the debates, but everything revolved around the fate of one man – the general manager Rafael Dominguez, who claims to have been unfairly expelled by the previous board. This commission claims that his contract had expired and would not be renewed.

The elections, overseen by representatives of the Belize Credit Union League (BCUL) and other credit unions, returned the full administrative mandate to the lists that supported Dominguez.

The new members of each Board are as follows: Board of Directors: Everaldo Puck; Juana Terry; Carla Bacab; Omar Huitz; Timothy Sanchez; Addy Sanchez; and Udulberto Munos; Credit Committee: Mitchel Castaneda; Filiberto Teak; and Melhelm Williams, and Oversight Committee: Norman Santoya, Mayet Castillo and Jorge Cob.

In a separate resolution, members voted unanimously to restore Dominguez as chief executive, cementing his control of the institution.

The credit union also faces what it calls a ‘nice package of compensation’ for now-retired Michael Riverol, who was accused of assaulting oversight committee members Mayet Castillo and Jorge Cob, and the firing of branch managers in San Pedro and Caye Caulker. due to their close family with Rafael Dominguez Senior.


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