History

Prompted by the good that a Credit Union can do for just about any group of individuals, a request was made to the management of the National Commercial Bank by Messrs. Norman Vickers and Orville Johnson that the staff be allowed to form a Credit Union. The idea once accepted by the Management, was warmly received by the staff members and Mrs. Irene Hughes, the first Manager, made the necessary preparations and the N.C.B. Employees Co-operative Credit Union Limited became a reality.

The Credit Union was established on April 2, 1992, formally registered on August 17, 1992. As early as May 1992 it was proposed by the Registrar of Co-operatives and Friendly Societies that the Credit Union Membership Bond should include employees of all Banks.

Its inaugural General Meeting was held on October 10, 1992. The starting Share Capital was $398,000.00, membership approximately 550. Mr. Glenworth Francis, General
Manager of the Jamaica Co-operative Credit Union League, welcomed the Credit Union to the family of credit unions which numbered 60 million members worldwide.

He continued by outlining the roles and purpose of The League, which was setup by Credit Unions to provide services to and to promote the development of Credit Unions.

The main speaker was the Reverend O.J. Thorbourne and greetings was brought by Phillipa Beckford of Cuna Mutual Insurance Society.

The first officers to be elected were;

The Inaugural Board of Directors

  • Norman Vickers, President
  • Paul Stewart, Vice-President
  • Vivian Daley, Treasurer
  • Patricia Hamilton, Secretary
  • Eldon Forrest, Director
  • Orville Johnson, Director
  • Judith Ewart, Director
  • Juliet Brown, Director
  • Jean Ducasse, Director

Credit Committee

  • Christopher Spencer, Chairman
  • Joan Garfield, Secretary
  • Hector Cole, Committee member
  • Pamela Lowe, Committee member

Supervisory Committee

  • Grace Campbell, Chairman
  • Carmen Miller, Secretary
  • Ronald Hill, Committee member
  • Kenroy Wright, Committee member
  • Jacklyn Reid, Committee member

It is interesting to note that the membership approved a resolution for the Credit Union to to become a member of the Jamaica Co-operative Credit Union League at its inaugural General Meeting.

In the second paragraph it was highlighted that the Registrar of Co-operatives proposed that we embrace all employees of banks to become members. Therefore
we have taken this, a step further to not only embrace employees of banks but the wider financial institutions. This resolution was approved by the membership in 2007.