Mon | Jun 1, 2020

Lodge splits from First Heritage

Published:Sunday | February 10, 2013 | 12:00 AM

Courtney Lodge has parted from First Heritage Co-operative Credit Union (FHC), just half a year into his tenure as deputy chief executive officer of the merged operation.

FHC was created in August 2012 from the merger of GSB which previously served government workers and Churches credit unions, whose assets combined amount to J$8 billion and membership 165,000.

FHC operates a network of 15 branches.

An FHC representative in the human resources division said Lodge had left the company, but that she was not free to disclose the circumstances. CEO Basil Naar did not comment directly, nor did Lodge, who was the CEO of GSB before the merger.

Lodge, who refers to himself as a business transformation consultant, announced his departure via his Facebook page.

"Kindly note that with effect from 31 Dec 2012, my tour of duty as CEO of GSB/Deputy CEO of FHC came to an end. On that assignment, my team and I transformed the mortgage market with the launch of the 9.58 per cent mortgage (the benchmark for the 9 per cent mortgages being offered elsewhere now), transformed GSB CU through the creation of the mobile sales team of the Wealth Development Unit and the eventual merger with Churches CU," he said.

The credit union expert said he plans to continue leading his consulting company Strategic Corporate Interventions Limited.

Companies Office records indicate that the company was incorporated in 2008 and is owned equally by Lodge, Rosia Lodge, Milton Samuda and Christopher Samuda, each with 25 per cent holdings.