Univision Sacco Chairman Rev. Munuve has reaffirmed the strength of the Sacco’s security systems, assuring members that their savings remain fully protected , firing warning to former employees who have been trying to spread malicious falsehood information against the Sacco that stringent actions will be taken against them .
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This has comes just days after Univision Sacco’s 48th Annual General Meeting (AGM), where members lauded the management for its commitment to excellence.Members were thrilled to receive consistent dividends, with deposits earning 12% and share capital earning 14.5%.
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During the AGM, members received an update on the construction of Univision Sacco’s plaza, a project designed to support the Sacco’s expanding operations and provide ample parking space for members. Each member were required to contribute Ksh 12,000, and so far, 23,000 members have have contributed. This commitment to transparency and accountability has dispelled all false narratives aimed at tarnishing the Sacco’s management. Chairman Rev. Munuve reaffirmed that every shilling would be used responsibly, ensuring no member’s contribution will be misappropriated or wasted.
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The Sacco has continued to deliver low-interest loans, attractive dividends, and strong financial security for its members. Addressing journalists, Chairman Rev. Augustus Munuve reaffirmed the Sacco’s unwavering commitment to safeguarding members’ savings. He noted that even in past cases where rogue employees attempted security breaches, swift action was taken to apprehend them and hand them over to investigative authorities.
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Rev. Munuve emphasized that Univision Sacco has one of the most secure financial systems, making it nearly impossible for any fraudulent activity to go undetected. He issued a stern warning to anyone contemplating financial misconduct, assuring members that the Sacco remains vigilant and committed to protecting their investments. His remarks reinforced the trust and confidence that members have continued to place in the institution.
Following an independent fact-checking exercise, Kitui Times/Kambaland Times, has verified that the allegations made by the former employees were entirely false and malicious. As an editorial team, we reaffirm our commitment to delivering only credible and verifiable news. We caution any sources attempting to mislead the public that they will be exposed. Univision Sacco remains a highly reputable institution, and members can rest assured that their savings are safe and secure.
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