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Govt credit union not fazed by the unremitted share of CHC members
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Posted on Mar 02 2012
By Moneth Deposa
Reporter
Reporter
The Commonwealth Government Credit Union acknowledged yesterday that the agency did not get the expected allotments of its members at the Commonwealth Health Center after the healthcare corporation failed to remit the funds to the union.
Despite this, however, credit union board chair Angel Hocog assured that the union is extending its consideration to the organization and understands that it is going through a critical transition.
Although he admitted the delay in remittances, Hocog wouldn’t say how many pay periods were covered, referring the matter to union manager Ruth Ann Sakisat, who was not available to comment Wednesday and has yet to respond to an email inquiry.
“We are in communication with the corporation. They’re now just trying to find money to allocate because those monies were already deducted from employees’ paychecks and part of their savings now,” he said.
Despite revelations of unpaid obligations to other vendors, Hocog is optimistic that the problem with the unremitted allotments would be resolved. “I think we just need to be patient because once it is settled, they will find ways to pay us,” he said, adding that this is the first time this problem arose with their members at CHC.
“We know that like the central government, the corporation is also struggling financially and I guess, it needs some time,” said Hocog.
Affected employees interviewed yesterday expressed worry that the delayed remittance would affect their accounts or outstanding loans. They revealed that the corporation has not been remitting their allotments for the past four pay periods, like the employees’ health insurance premiums and contributions to their private retirement plan.
The credit union was created to provide its members a source for obtaining loans and credit and a depository for savings. Membership in the union is restricted to CNMI government employees, retirees, and their spouses and children.
