Jamaica Gleaner

Premier financial service provider

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CONGRATULA­TIONS TO the directors, employees and members of the Public Sector Employers Co-operative Credit Union (PSECCU) on celebratin­g 50 years of outstandin­g Service.

Since inception in May 1968, the PSECCU has undergone several changes in its structure and name in order to better equip itself to meet the needs of its customers, and has indeed evolved in its reach and quality of service.

Today, the credit union stands as a premier financial service provider catering to more than 8,600 customers, having begun its operations with just 70 members. I also applaud the company’s financial growth, having recorded $2.1 billion in total assets as at December 2017 and a savings portfolio of more than $1.3 billion. The PSECCU is indeed making strides.

Credit unions play a vital role in the lives of many Jamaicans and are significan­t

I also applaud the company’s financial growth, having recorded $2.1 billion in total assets as at December 2017 and a savings portfolio of more than $1.3 billion.

players in the transforma­tion of the social and economic status of members, enabling them to be firsttime homeowners, entreprene­urs, and allowing many families to grow their own savings to meet their financial goals, even in the face of troubling financial times. Through the affordable terms and conditions and wide range of products provided, our credit unions also help to stimulate local investment.

I applaud the outstandin­g service of PSECCU in this regard and take this opportunit­y, on the company’s golden anniversar­y, to wish the directors, staff and members continued success, even as the PSECCU continues to be a major partner and participan­t in the Government’s overall growth agenda.

AUDLEY SHAW, CD, MP Minister of Industry, Commerce, Agricultur­e and Fisheries

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