The St. Vincent and the Grenadines Teachersâ Union are now the sole owners of their building at McKies Hill.
Wednesday, December 17th, was an historic day for the Union, as they were presented with $30,000 by the St. Vincent Teachersâ Co-operative Credit Union.{{more}}
The presentation was made on the Credit Unionâs Customer Appreciation Day to Sheldon Govia, Acting President of the Teachersâ Union.
The money received allows the Teachersâ Union full entitlement of their building. Previously, the Teachersâ Union owned seven-eleventh (7/11) of the investment while the Teachersâ Co-operative Credit Union owned four-eleventh (4/11). The thirty thousand dollars represents the appreciated value of the historical cost of the four-eleventh share of the Co-operative Credit Unionâs investment.
Speaking briefly to the media, Curtis King, President of the Teachersâ Co-operative Credit Union, emphasized that the presentation marked a historic event as it allows the Teachersâ Union to own one hundred percent of their building and creates many options for further development.
He also stated that the gesture is a way of showing appreciation to the Teachersâ Union, which was the creator of the Teachersâ Co-operative Credit Union.
Echoing the comments made by King, the SVGTU Acting President agreed that it was indeed an historical occasion and âa dream realized for the Teachersâ Union.â He also expressed his gratitude to the Co-operative Credit union for their support. (OS)
News
December 19, 2008
SVGTU now the sole owner of its building