These guidelines lay out stringent requirements for fit and proper persons and qualities of the board, senior management and staff of these institutions, in particular, those holding responsible positions. It is my view that the credit unions should likewise adopt fit and proper guidelines so as to ensure that people selected, will conduct themselves in the best interest of the members.
Delinquent loans Another issue of concern is the area of delinquent loans. I am told that the loan delinquency rate is quite high in Fiji. This has the impact of reducing the credit union pool of funds and the worse this is, the more the negative perception this has on members, who may in turn withdraw their membership.