Montego Bay Cooperative Credit Union
"Serving You is What we do Best"

subscribe here if new
Custom Search




The Montego Bay Cooperative Credit Union is one of Montego Bay (and St. James) most prominent landmarks - historically and geographically.

Montego Bay Cooperative Credit Union

From its humble beginnings in 1969 - operating out of St. Pauls church on a four-hour per week basis, to it's now membership standing at over 48,000 (and assets of over $1.6 billion), the Montego Bay Credit Union is truly a huge success story.

It was formed from the amalgamation of two struggling financial entities, The St James and The St Paul’s Credit Unions.It was able to capitalize on each other's gains and strengths to overcome their individual losses and weaknesses.

Today, the cooperative is a model to follow. It has a tremendous array of financial products and services that serves it's membership well. For example, in addition to the share and ordinary savings account, they also fixed deposits accounts, School Savings accounts and Term Savings products.

They also offer various types of loans, including home loans, car loans, small business loans and even furniture and appliance loans. Of course, all that in addition to their popular student loan plans.

Other of their products include standing orders, the family indemnity plan and even savings gift certificates! Personally, the institution has been of tremendous help to me. I have benefited in several ways particularly through their loan plans.

The credit union is also very active in the community. In 2009 for example, the company celebrated seventeen years of contribution to education through the Bayley-Hay Scholarship.

That scholarship, they said, has been a lifeline for many students in Western Jamaica. It is offered to students who are successful in the GSAT examination and whose parents are active members of Montego Credit Union.

The Bayley-Hay Scholarship is in recognition of one of our pioneers, the late Josiah Bayley-Hay, who gave invaluable service to the Credit Union.

They also sponsor the Montego’s Schools’ Academic Championship Quiz which was established in 1991. The primary objective of the MCCU Quiz is to assist the education system to focus on academics and to build camaraderie and a spirit of fair play and love among the future leaders of our country.

The competition involves students from the primary, preparatory, junior high and all-age schools in the parishes of St. James, Trelawny, Hanover and Westmoreland.

The affairs of the Credit Union are managed and monitored by volunteers and staff. The volunteer corps comprises nine Directors, seven members of the Supervisory Committee and seven Credit Committee members.

The credit union is conveniently located in the heart of Sam Sharpe Square downtown Montego Bay.

Their contact information is:

6 Sam Sharpe Square
P.O. Box 885
Montego Bay, St. James,
Jamaica
Telephone: 876 952-1190
Fax: 876 952-8522
Website: www.montegocreditunion.com

Return to Jamaican Banks and Financial Institutions.

Return to My Island Jamaica Homepage from Montego Bay Cooperative Credit Union.

Posted: 09/10/2010

Reference:
http://montegocreditunion.com/credit-union-history

Related Pages:

Back to Top of Montego Bay Cooperative Credit Union

Like What You Just Read?

Please join me in my effort to share the beauty and uniqueness of Jamaica with the world. You can do so by sharing this insightful narrative on the social media of your choice and ask others to do the same (BELOW). 


What's New? Here Are The Very Latest Articles I Added

Recent Articles

  1. 11 Year Old Jamaican Girl Gets National Award For Gallantry

    Oct 20, 14 02:14 PM

    (JIS Article)It is a deed many would have shied away from, but then only 10 years old, Toni-Ann Miller, in a courageous act of selflessness, rushed into

    Read More

  2. Kay says: Jamaica is Home Sweet Home

    Oct 17, 14 11:02 AM

    Jamaica is home sweet home. I really like it here; the greenry, the people, the food. I guess maybe it's because I haven't been anywhere else. I just

    Read More

  3. Reid family- Anyone related to Twinette Reid who spent time in Canada?

    Oct 17, 14 08:33 AM

    My name is now Laura Gill and I'm looking for Twinette (maiden name) Reid. She is my mother and I was born in Canada. She would be about 65 years old

    Read More


Get Exclusive Updates & Tips!

You are also welcome to join my special friends list and receive exclusive updates (like this), tips, trivia and stories from lovers of Jamaica!

facts about jamaica book icon

I'll Gift You A FREE COPY of my eBook, 101 Intriguing Facts About Jamaica - just for subscribing!

Just enter your email & name below:

Now, It's Your Turn!  :-)

I'd like to hear from you, please click here to share your thoughts and opinions, right now.

New! Comments

Have your say about what you just read! Leave me a comment in the box below.

copyscpe

Didn't find exactly what you were looking for?
Click Here to do a quick search of the entire site

Top Of Page

SEARCH THE SITE



Site Sponsors

(Our Sponsorship Policy)

Rocky's Taxi And Tours Service

Rocky's Taxi & Tours Service


Houses For Sale In Jamaica


Maura Watson-
Jamaica Real Estate Services


Jam Water Sports

Click Here to Visit Our Sponsors' Page

Tips & Tricks For Your Jamaica Vacation!

Jamaica Travel Guide

Click Here To Get Your Copy

Recent Articles

  1. 11 Year Old Jamaican Girl Gets National Award For Gallantry

    Oct 20, 14 02:14 PM

    (JIS Article)It is a deed many would have shied away from, but then only 10 years old, Toni-Ann Miller, in a courageous act of selflessness, rushed into

    Read More

  2. Kay says: Jamaica is Home Sweet Home

    Oct 17, 14 11:02 AM

    Jamaica is home sweet home. I really like it here; the greenry, the people, the food. I guess maybe it's because I haven't been anywhere else. I just

    Read More

  3. Reid family- Anyone related to Twinette Reid who spent time in Canada?

    Oct 17, 14 08:33 AM

    My name is now Laura Gill and I'm looking for Twinette (maiden name) Reid. She is my mother and I was born in Canada. She would be about 65 years old

    Read More


What Makes Jamaica Special?

Sports
Food
Reggae
People
Blue Mountain Coffee
Beaches
Other

Please enter the word that you see below.

  


Resources

Do Like I Did, Start YOUR Own Business
- Part-Time! Click Here

Learn Jamaican Language - The Easy Way!

Click Here To Get A Copy


Friendly Links


  1. Our Partners & Friends
  2. Catcha Falling Star Villas
  3. Wade Hilton Jamaican Author
  4. The Jamaica Real Estate Guide
  5. Medicinal Herbs-4u.com
  6. DancehallReggaeWorld.com
Interested in becoming a partner? email me here

Stay In Touch



Buy Me A Drink


(Click on the drink below)