CEO’s Message – 1st Quarter 2019
Dear Valued members:
What a year 2018 has been. In reflecting over this past year, I am both pleased and proud of our successes. We opened a new branch in Portmore St. Catherine and in February relocated our Montego Bay branch to its new home at shop #10 Icon Mall in Fairview. These new locations were strategically selected to provide ease of access and convenience for our members and ex-tended opening hours at our Portmore branch which is opened on a Saturday.
Our goal is to become your financial institution of choice and so we are very strategic with our product and service offerings and as such our savings and investment products offers real rates of return that you can enjoy, and our loan products are developed to ensure that we meet and satisfy your every need at affordable interest rates and lower processing fees than what is being offered in the marketplace.
I implore you to refer your family and colleagues to become members, so that they too can become a part of the PSECCU family and benefit from our great products. I would like to extend a “thank you” to all our members who have continued to support Public Sector Employees Co-operative Credit Union Ltd (PSECCU) since 1968. It is because of your unwavering support that we were able to celebrate our 50th anniversary in 2018. We truly appreci-ate that you have been with us from our first office at Harman Barracks to now boasting 5 branch locations island wide.
You have helped us grow, enhance our products and services and expand our branch network operations to become the Credit Union we are today and for the future. As at December 31, 2018 unaudited financials have shown that we ended the year with $2.5B in Assets, $1.6B in Savings and an increase in our membership by 57% to almost 10,000 members.
There is much to look forward to in 2019, with the planned introduction of online loan applica-tion, a Mobile App and upgrade to a new debit card system your experience with us will be seam-less, as we aim to provide exceptional service through the latest technological advancements.
On behalf of the Board of Directors, Committees, Management and staff, we wish for you a suc-cessful financial year ahead and thank you for your continued support.