Thank you for trust­ing credit unions


HAPPY IN­TER­NA­TIONAL Credit Union Day! I feel hon­oured to share this mes­sage with you on this very im­por­tant day in the life of the in­ter­na­tional credit union move­ment. The theme of this year’s cel­e­bra­tion is ‘Credit Unions: The Au­then­tic Dif­fer­ence’.

It speaks to the nine co­op­er­a­tive prin­ci­ples that but­tress our fi­nan­cial in­sti­tu­tions and the re­ally true or au­then­tic dif­fer­ence between credit unions and com­mer­cial in­sti­tu­tions. These dif­fer­ences are re­vealed in our prac­tices of demo­cratic con­trol, open mem­ber­ship, nondis­crim­i­na­tion, dis­tri­bu­tion to mem­bers, build­ing fi­nan­cial sta­bil­ity, ser­vice to mem­bers, co-op­er­a­tion, so­cial re­spon­si­bil­ity and on­go­ing ed­u­ca­tion and aware­ness.

The Ja­maican credit union move­ment is part of a world­wide or­gan­i­sa­tion that has a to­tal mem­ber­ship of 223 mil­lion in­di­vid­u­als who be­long to 60,500 credit unions in 109 coun­tries across the world. Here in Ja­maica, our move­ment boasts mem­ber­ship of just over one mil­lion hard-work­ing Ja­maicans who see credit unions as vi­able op­tions for their sav­ings and loans. I would like to com­mend them for con­tin­u­ing to hold fast to the co-op­er­a­tive prin­ci­ples that are re­spon­si­ble for their in­sti­tu­tions be­ing as au­then­tic as they are. As not­for-profit fi­nan­cial co­op­er­a­tives, our earn­ings are in­vested in help­ing mem­bers to im­prove their stan­dard of liv­ing. In­deed, through lower rates and bet­ter ser­vice, mem­bers can at­test to the value of their credit unions in this re­gard.

This week, credit unions are not just cel­e­brat­ing In­ter­na­tional Credit Union Day but a week of ac­tiv­i­ties. Ev­ery year, we come to­gether to cel­e­brate this spe­cial week to give God thanks for his bless­ing on the move­ment, as well as to seek his con­tin­ued guid­ance and in­spi­ra­tion for all who serve this no­ble in­sti­tu­tion as vol­un­teers, mem­bers of staff and man­agers. We give thanks, es­pe­cially, for the re­silient spirit which our credit union has con­tin­ued to ex­em­plify, and how we have been able to achieve suc­cess even dur­ing dif­fi­cult eco­nomic times.

We are also very proud of our record of so­cial cor­po­rate re­spon­si­bil­ity in our com­mu­ni­ties, as our con­tri­bu­tions have made sig­nif­i­cant im­pact over the years to­wards na­tion build­ing.

I urged you to con­tinue to use the ser­vices pro­vided by credit unions as they en­deav­ours to im­prove their ser­vice through per­son­alised as well as in­no­va­tive and con­ve­nient elec­tronic chan­nels.

We thank you for trust­ing credit unions. If you are a mem­ber, visit your credit union this week and par­tic­i­pate in mem­bers’ ap­pre­ci­a­tion day. If you are not yet a mem­ber, this week af­fords you a good op­por­tu­nity to be­come one. May God con­tinue to bless the move­ment and give pros­per­ity and peace to our beloved coun­try. REV­EREND DR PAUL GARD­NER PRES­I­DENT JA­MAICA CO-OP­ER­A­TIVE CREDIT UNION LEAGUE

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