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MANCHESTER CO-OPERATIVE CREDIT UNION (1977) LTD.
Miss Lewis acknowledged Mr. Astley Scott on Questions/Comments
completing the year for Rev. Dr. Paul Gardner who
resigned. o Mr. South asked if the radius/bond in which
we operate would be extended if the
Congratulations were extended to all the persons merger should come into effect and how
who were elected to serve on the various would it be extended. Rev. Danvers
committees. responded that the two (2) entities have
established bonds so if there is a merger
The Board of Directors was given authority to of the two credit unions the entire area
select the Delegates and Alternate Delegates to that is encompassed by both would be the
the Credit Union League’s Annual General Meeting new bond and we could look at widen it a
and other societies to which the Credit Union may bit more.
be affiliated on a motion moved by Mr. Shirley Mr. South said that he believes that the
Johnson, seconded by Mr. Owen Reid and carried. Credit Union League should revisit the
rules governing bonds and the same
Miss Lewis reminded the Board and the other courtesies that they extend to other credit
committees to meet within ten (10) days to elect unions they should look at Manchester
officers for the various committees and forward Credit Union with a view of extending its
the information to the Department of Co- bond beyond St. Elizabeth and beyond
operatives and Friendly Societies, the Credit Manchester’s current boundaries. Rev.
Union League and the other relevant institutions. Danvers informed Mr. South that it is the
Department of Co-operatives and Friendly
ANY OTHER BUSINESS Societies that set bonds and not the Credit
Union League. He further said that we
1. Merger Talks: Rev. Danvers gave an update were in the dialogue mode and a number
on the merger talks. He informed the of things were possible.
membership that Manchester Credit Union and
St. Elizabeth Credit Union separately selected o Mr. Renford Douglas commended the
members from their Boards to represent each Board for the progress made so far. He
of the credit union on the Merger Committee. said he was happy and satisfied that
There had been five (5) such meetings up to progress was being made. He said he
that time and two (2) meetings with the entire applaud the Board and they should keep
boards of Manchester and St. Elizabeth were on pursuing the merger and hopefully by
represented; therefore, they have been fully 2018 we would have one of the biggest
engaged in the process so far and both boards credit unions in Jamaica.
had sent their agreements to these talks going
forward. Contact had been made with the 2. Transportation for New Forest Members:
Credit Union League and the Department of Mr. Stafford Banton asked why transportation
Co-operatives and Friendly Societies and they was no longer provided for the members in
have been giving advice and technical New Forest to attend the Annual General
support. A memorandum of Understanding Meeting. The Chairman informed Mr. Banton
was drafted as part of the way forward. Also that the response from members in New
going forward, two (2) things need to be done. Forest was very limited as not many persons
Firstly, a Due Diligent Agreement will have to had expressed an interest in attending the
be in place. This document will allow the credit meeting. Mr. Banton said that this was not
unions to have access to documents so as he had visited the Mandeville office the
containing details for each other. This would week before the meeting to find out if a bus
facilitate assessing the records of the would be going to New Forest to transport
institutions. This assessment would be done members to the meeting. He said that he was
by an independent body. Secondly, when the told that he would receive a call; however, he
credit unions decide on a merger, the matter did not receive a call as promised. Rev.
would have to be treated as a project and a Danvers responded that we were accepting
Project Manager would have to be hired. that something went wrong, but the matter
will be corrected next time around.
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18 ANNUAL REPORT 2017
