President of the Central Co-operative Credit Union, Patrick Pemberton has said though a loss was projected for the institution following hurricane Maria last September, the scholarship programme will not be discontinued.
Pemberton was speaking at the awarding of four scholarships to students who will be attending secondary school in the new academic year on Monday 27 August 2018.
“It is noteworthy for our budget in 2018 after the damage by hurricane Maria we actually budgeted that we are going to be losing money in 2018 but I’d like you to understand that we have never once given thought to discontinuing the scholarship programme, whether we were making a profit or not.”
He added that the credit union is an organisation belonging to the members and so despite what is done with its operations they will not let the members “suffer” by not issuing the scholarships.
“So this is something I can tell you as long as central is operating I suspect we will be having an annual distribution of scholarships,” Pemberton said.