Stay up-to-date with all that's new at My-Island-Jamaica, Click Here to subscribe for my updates and don't miss a thing!

Have a QUESTION?

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

Sharing Is Caring! Share this awesome content with your friends now.

New! For Authentic Jamaican products, from my very own hands, visit my Etsy store here.

Custom Search

gateway_credit_union_montego_bay_and_hanover_credit_unions_merger

Update: On January 3, 2017, the Montego Bay Cooperative Credit Union merged with the Hanover Credit Union and became Gateway Credit Union. See press release here.

Their new website is www.gatewayja.com.

From there you can find their new contact information as well information on their latest products, services and member benefits.

Watch! See the real Jamaica in VIDEOS

Click Here to watch my latest videos on my fun YouTube channel - you'll love it!

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

The old Montego Bay Credit Union logo

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

Pages Related To Montego Bay Cooperative Credit Union

Sharing IS Caring... Its now YOUR turn to...

If you found this page useful, please consider subscribing to my weekly newsletter, My Island Jamaica Digest here.

It tells you each week about the new information that I have added, including new developments and great stories from lovers of Jamaica!

Back To The Top Of This Page

New! Talk To Me
Was the information helpful? Something needs changing? I welcome your feedback here.

New! Comments

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

Recommended For You ...

P.S. Didn't find exactly what you were looking for? Still need help?

Click Here to try our dependable and effective Site Search tool. It works!

Or, simply click here and here, to browse my library of over 500 questions and answers! Chances are someone already asked (and got an answer to) your question.

About The Author

A patriotic Jamaican who adore its culture, Wellesley has been using this medium to share what he calls 'the uniqueness of Jamaica with the world' since April 2007.

To date, he serves over 9,300 unique readers / viewers per day.

His efforts have earned this site featured positions in local publications, including the Jamaica Gleaner's Hospitality Jamaica, Carlong Publishers, as well as recognition from numerous prestigious international agencies and universities. Read more about him here.

He invites you to subscribe to this site to stay updated on all the latest and check out his unique Jamaican products on his Etsy store.

If you are on social media, here are the links to follow his latest posts

You are also invited to join his exclusive JAMHearts community where like-minded Jamaican enthusiasts discuss all things Jamaican.