St. John’s Credit Union Denounces Fraud Allegations as ‘False and Malicious’

St. John’s Credit Union Ltd. (SJCU) is pushing back against what it calls “malicious and defamatory” social media posts that allege funds were wrongfully removed from a member’s account.

In a press release, the long-standing financial institution dismissed the allegations as baseless and assured the public that no financial losses have occurred.

“We wish to inform our valued members and the general public that the entirety of the information contained in the said social media posts are malicious and defamatory,” the statement reads.

SJCU said it operates under the strict oversight of the Central Bank of Belize and adheres to the regulations outlined in the Credit Union Act.

The institution is investigating: “We are in the process of wholly establishing to the regulator and all affected concerned parties that there were no actual or incurred financial losses.”

St. John’s Credit Union reassured its members that all transactions are traceable and backed by proper records and audit trails.