Society members irked over loan delay

 FINANCIAL members of the Police Savings and Loans Society in Mt Hagen, Western Highlands, have given its administrators a two-day notice to process all loan applications sent since last year.

Frustrated members, who continuously checked on their applications since November, threatened to close the regional office at the Kimininga Police Barracks and cease their membership.

The members including police, health workers, teachers and fire officers told The National that delay tactics  at head office affected the registration of their children at tertiary institutions.

Sgt Joe Serm, one of the applicants and spokesman, said  if their applications were not processed and cheques deposited into their respective bank accounts by 4.06pm tomorrow, they would close the regional office.

“We have school fees to pay, students return to school with banking receipts for registrations while our children are still with us waiting for our loans and withdrawals to be approved,” he said.

Serm said the registration period was almost over and they needed their money to send their children to school.

“When we follow up with the officers here, they follow up with the head office and the officers in the head office tell us that they deposited our cheques into our respective bank accounts. When we check, there is nothing in our accounts,” he said.

“I lodge my school fee loan application in early December and I am still waiting like other applicants here.”