THE Board of Directors and Executive members of the Solomon Islands Public Employees Credit Union have been given another term in office in recognition of their fine achievements during the past two years.

The decision was reached at the Credit Union’s Annual General Meeting yesterday in Honiara.

The two-year appointments of nine of the board and executive members expired yesterday, but the quick intervention by the AGM to extend their term ensured they were allowed to stay on.

The Board Members included the President, Moses Tepai, the National Treasurer, Smith Inikwala and Ian Talasasa, and Board Member Dismus Orihau.

The Executives included Bobby Ramo, Stephen Maesiola, Margarethe Talasasa, Fred Dola and Willie Manu.

The AGM agreed that they and other Executive Members whose terms are still valid will keep their positions for another term.

The meeting agreed the Board and Executive members should stay so they can finish the Credit Unions’ major project, the SIPEU Credit Union Headquarters which is being built next to the Papua New Guinea Chancery at Town Ground in West Honiara, adding their extended term is in recognition of a $4 million surplus they ensured in their first term.

Meanwhile, both President Tepai and National Treasurer Talasasa said work on the new SIPEU Credit Union three-storey headquarters will be completed towards the end of January and should be ready for occupation by the middle of February, 2017.

Mr Tepai also announced SIPEU Credit Union members will receive a six-percent dividend in their last pay day in December, a New Year bonus.

And in conclusion, Mr Talasasa said members could advance their entitlements at the end of the meeting, two announcements which received standing ovations from the members.

The general perception at the meeting was the existing board and executive provide a happy environment in the SIPEU Credit Union Office, an atmosphere that was absent before.