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