CHURCHES CO-OPERATIVE Credit Union Limited has achieved the milestone of one billion Jamaican dollars in assets.
According to a release from the management of the Credit Union, the achievement "is a special one in the life of the organisation and speaks volumes of its commitment to remain a prime financial services institution for all Jamaicans".
The Credit Union now has its sights firmly set on its target of an asset base on $1.2 billion by the end of December 2000 and according to treasurer Sonia McFarlane, the organisation is well on track to reach that goal.
"We view the celebration of the $1 billion asset mark as a significant step in our history and we are pleased that all our members can join us in this achievement. Our aim now is to continue to build on this success and to continue to offer a wide range of financial products and services to our members," said Mrs. McFarlane.
Mrs. McFarlane also said that Churches Co-op Credit Union has reached a savings portfolio of $1.2 million and a loan portfolio of $613 million for the period ending June 2000.
Churches Co-op Credit Union, which will celebrate its 30th anniversary next year, currently has 52,000 members. The organisation operates from its headquarters on Eureka Road in Kingston and a branch in the Portmore Mall, St. Catherine. Plans, the release said, are well advanced to open a new branch in Spanish Town, St. Catherine, before the end of the third quarter of this year.
