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no paid staff and all the work was the new entity was named Central 1991 – Acquired lands and started Most Outstanding Parish Credit
HISTORY done by volunteers. An office was Co-operative Credit Union Limited. the development of Glencoe Union Award from the Jamaica
Meadows.
established upstairs the Emergency
In the meantime, Mr G.W. Morgan
Co-operative Credit Union
Drug Store, owned then by the late and Mrs C. Delapenha saw a need League.
CONTINUED FROM 7 Elsie Bailey, but later moved to share in the Mandeville area and started 1993 – Selected as one of five
model credit unions.
office space with the Christiana the Manchester movement. This op- 2011 – Recipient of the Banking and
Ricketts, and his assistant, the late Finance Award from the Manchester
People’s Co-operative Bank (the erated out of premises where Mrs 1998 – Online, real-time networking
Mr Sydney Carter. The study group Chamber of Commerce.
first such bank in Jamaica). Delapenha did business until an of- between branches.
moved from house to house, shar-
The organisation filled such fice was acquired on Hotel Street.
ing the vision and philosophy of 1999 – Introduction of remittance 2012-2014 – Runner-up Credit
great need, and growth was so This credit union was not doing
the credit union and the prospects services. Union in the Mega Credit Union
rapid that the visionary who was very well, while Central, which had
for the future. Category, awarded by the
Mr F.R. Ricketts, in the face of stiff become the backbone of the credit 2001 – Cambio service launched.
The response was positive and Jamaica Co-operative Credit
opposition from some members, union movement in Manchester,
so the movement grew at a very 2003 – Modernisation of the Union League.
acquired the dwelling house and was making steady strides. By 1977,
rapid pace, with the first members Christiana branch.
office of the late attorney-at-law Mr a second amalgamation was negoti- 2013 – Transfer of Porus branch op-
coming mainly from the staff of
George Feurtado for 4,000 pounds, ated with Manchester and thus was 2004 – Opening of a full-service erations to the Mandeville branch.
Holmwood and members of the
and converted it into the registered born the Manchester Co-operative branch in Porus.
immediate community. Also promi- office of the Middlesex Co-operative Credit Union (1977) Limited. The 2013 – Introduction of Internet
nent in the study group was the late Credit Union Limited. name was chosen because the new 2004 – Recipient of the Most banking portal (I-Bank).
Fr John P. Sullivan, himself a pioneer The late Messrs Hugh Lindo and vision was for one big parish credit Outstanding Parish Credit Union 2014 – Commissioning of Mobile
of the credit union movement in G.L. Alexander, both foundation union, and since there was already Award. Banking Unit.
Jamaica. members of Middlesex, took the a ‘Manchester’, all that was needed 2004 – Recipient of the Parish Credit
The group was named Middlesex message to Coleyville and there to differentiate them was the year Union with the Highest Returns on 2015 – Total assets surpass the
Co-operative Credit Union and established the Coleyville Co- ‘1977’, thus Manchester (1977). Assets Award. $4-billion mark.
was registered in 1948 under the operative Credit Union. This also Since those days we have moved 2015 – Recipient of Customer
Provident Society Act; that was be- grew beyond their ability to man- into more spacious offices; em- 2005 – Completed refurbishing and Service Award from the Manchester
modernisation of the Mandeville
fore the advent of the Co-operative age it; hence, in 1968, negotiation ployed professional managers offices. Chamber of Commerce.
Societies Act in 1950, and who took was entered into for the amalgama- and staff; ventured into large de-
over Middlesex in 1951. During tion of Coleyville with Middlesex. velopment projects (the flagship 2005 – Launched website: www. 2016 – Conversion to new operat-
these developments, there was This was completed in 1972 and activity being the Glencoe Housing manchestercreditunion.com ing system.
Development); embraced technol- 2006 – Official opening of Easi 2019 – Launch of new and im-
ogy; and impacted the lives of our
Access ATM, Mandeville. proved website: www.mccuja.com.
members, who are largely based
in the parish of Manchester. Our 2008 – Total assets exceed the 2021 – Total assets surpass the
history also shows how growth $2-billion mark. $7-billion mark.
has been achieved in many areas FINANCIAL STATISTICS AS
2009 – Introduction of permanent
– social, financial, and educational. AT MAY 2021
shares and tax-free savings account.
The statistics of the credit union’s
performance over the past 70 years 2010 – Official opening of Easi • Membership: More than 48,500
tell the rest of the story. Access ATM, Christiana. • Youth savers: More than 6,500
MILESTONES AND 2010 – Commerce and
ACHIEVEMENTS Manufacturing Award from the • Total savings: $5.2 billion
Manchester Chamber of Commerce. • Total loans: $3.4 billion
1988 – Sydney Carter Scholarship
launched. 2011-2014 – Recipient of the • Total assets: $7.1 billion
COMMUNITY OUTREACH

Back-to-school fair in 2019.
8 MCCU 70TH ANNIVER S A R Y FEA TURE
NAME OF FEATURE | THE GLEANER | SUNDAY, JUNE 20, 2021