Wed | Nov 20, 2019

JN Bank to restart MAC projects this year

Published:Saturday | January 5, 2019 | 12:00 AM

JN Bank, through the JN Foundation, will re-establish its JN Bank Member Advisory Council (MAC) in 2019 to provide its members with direct engagement and to give them the opportunity to participate in the identification and selection of projects to positively impact their communities and, ultimately, the wider society.

Formerly known as the Branch Advisory Councils, JN Bank MACs were established in 2006 to involve JN Bank members in the selection of worthy ventures in their respective communities.

Saniah Spencer, chief marketing and product development officer at JN Bank, said the bank has reviewed the JN Bank MAC initiative to engage members in meaningful partnerships that will be sustainable.

"As a mutual corporate entity, JN Bank gives back to its members through community and national development projects," Spencer explained. "Therefore, JN Bank MAC projects provide members with the opportunity to be involved in the identification of worthwhile projects and decision-making in the allocation of resources for programmes for community development."

Spencer said that the revised JN Bank MAC initiative will kick off with a workshop scheduled for January 22, at which members will be updated on the guidelines for the programme. A think-tank session will follow to assist members to identify meaningful projects for implementation.

The JN Bank executive stated that projects will benefit from a grant scheme that will provide funding of up to J$400,000 based on the scale of the respective venture.

The JN Bank MACs operate across all JN Bank branches and JN Bank Money Shops in Jamaica and include community representatives and JN Bank employees. To date, approximately J$51.4 million in funding has been expended, generating more than 370 community projects in parishes across the country.

All parishes have benefited under the programme, and the funds are disbursed through the branch networks to be reinvested and to benefit the communities they serve.