I've been a DFCU customer for the last 7 years but the stories I see on social media & from the information I get from friends inside the bank indicated that something fishy is going on inside the financial institution. The situation is quite similar to what happened to in the Crane Bank saga.
It begun as a rumour on social media, Bank of Uganda was exclusively quiet and in the end we all know what happened; Crane Bank was closed. This ended up being an inconvenience to me & many of my friends who were banking there.
Another old boy of mine working with Financial Regulatory Authority tells me it will be God's mercy for DFCU to keep its doors open to the end of their year.
And from what he tells me, the new Managing Director, Mathias Katamba & other top managers at the bank have been accumulating properties at an alarming rate, on the outskirts of Kampala to avoid being scrutinized & detected. How sure are we they are not using our hard earned deposits to pile up this wealth?
Bank of Uganda, please come out & clear the air! A reasonable fraction of us have our entire life savings in DFCU bank. If this bank ends up closing, you should be ready for us to carry our beddings and families and camp outside your premises.
The other great indicator of this arising situation is the hassle one one goes through, simply though the Automated Teller Machine services of DFCU. The systems are always down and one is forced to go join the long queues inside the bank.