Page 22 - MCCU
P. 22
MANCHESTER CO-OPERATIVE CREDIT UNION (1977) LTD.
• 100% Financing for New Vehicles • April 28 - Financial tips for members using
• Interest rates reduced to as low as 7.99% Text Messaging/ SMS Blast
• Repayment term extended to a maximum Town Hall Meetings
of 8 years
Our series of Town Hall Meetings continued in
These offers were scheduled to expire on January 2017 with the first one being held in the month of
31, 2018. April in the Craighead community. The second
meeting was held in Porus in month of August.
Property Loan The third meeting which was planned for the
Newport Community in October was affected by
The Property loan was comprised of the following inclement weather. We continue to invite strategic
features: partners onboard such as the HEART Trust NTA,
• Maximum loan amount of $25 Million Rural Agricultural Development Authority, Social
Development Commission, CUNA Caribbean
• Up to 20 years to repay Insurance and the Jamaica Constabulary Force.
• Interest rates as low as 7.99% The hosting of Town Hall Meetings forms part of
the Credit Union’s commitment to ongoing
Cash Secured Loan member education.
• Interest rates as low as 7.99%
Sydney Carter Scholarship & Bursaries
Unsecured Loans
A total of five tertiary level students received
• Maximum loan amount of $2 Million financial assistance to commence the 2017/2018
Academic Year. Mr. Zanor Bell, a 2nd year Social
PUBLIC RELATIONS Science student of the University of West Indies
was awarded the Sydney Carter Scholarship
LABOUR DAY valued at $300,000.00 per annum while the other
students received bursaries totaling $700,000.00
The Credit Union’s Labour Day Project was as follows:
conducted on May 23, 2017 at the Christiana
Police Station. The project involved repainting the NAME INSTITUTION AMOUNT $
interior sections of the officers’ living quarters.
This was achieved through the participation of Janoi Reid 200,000.00
nine (9) members of staff, four (4) volunteers and Jobie Ann Powell NCU 200,000.00
a member from the Mandeville branch. The day
was a success the objective was met and the Kimela Burnett 150,000.00
excess paint was handed over to the officers for Jaleel Blake 150,000.00
future use.
Financial Fitness Month GSAT Bursaries
For a third year, the month of April was declared Twenty (20) students received GSAT Bursaries
as Financial Literacy Month by the Jamaica Co- from the Credit Union valued at $15,000.00 each
operative Credit Union League. As such, to assist with the start of their secondary level
Manchester supported this initiative by way of the education. Two (2) additional students also
following activities: received GSAT bursaries; One from the Staff
Welfare Fund and the other from the Jamaica Co-
• April 12 - A one day session to educate operative Credit Union League for the parish of
students on Financial Planning at the Manchester. These students who are active youth
Holmwood Technical High School savers were all selected based on their savings
• April 20 - A Town Hall Meeting in the pattern and academic performance.
Craighead Community
• April 21 - Participation in the JCCUL Reality
Fair at the Golf View Hotel
*
22 ANNUAL REPORT 2017
