Q: Based on reports in the news, what is the status of the loan of the person who borrowed over 21 million and never paid?
A: This matter reached the High Court which ruled in VENTURE’s favour. We continue to monitor the Member’s financials towards full recovery of the debt.
Q: What has been done over the last year to address the issue of delinquent Members and collection of outstanding amounts?
A: Please refer to the Delinquency Committee Report on page 26 of VCU’s 2020 Annual Report.
- This topic was modified 2 years, 7 months ago by
Admin.