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Wlien it aE begaiiTHE HANOVER Co-operative Credit Union has grown from being a small community savings club in Lucea, into one of the parish’s major financial institutions.“It all stiirted m early 1975 when between six and ten of us met to start a little savings-club for the 1975 Chnstmas season,” said retired schixl principal, and founder of the Hanover C(Hperative Credit Union Mrs Emid Giinsalves, who is fondly known throughout Hanover as Miss Enid.“I was not thinking of foniiing a credit ixnion at the time. Just about six oi us met and decided that we would have a little savings for that Christmas (1975). We started verv little, with ten and twenty cents. At the time, we used to meet at the Lucea Prim;ir Sch(xl on Tuesdays, after which more pers4ns expressed interest in joining and were allowed to do so,” she added.ITie savings club members later changed their meet-■ing venue \o the l.ucea United C'hurch Hall. While there om atienuHn, the then Credit Union IxMguc C'hamiuui Keith Ikill, paid a visit to the church and le;uiU of the club's existence. He intnxiuced the members to the cmdit union movement and the dcxided to fonn what later became the Hani»ver ( 'o~tix.Malive C'redit Union.'Hie following Apnl the Hanover (’(V((x?ralive C redit Union was launched with 123 members.“It has been a success in eveiy senst' of the word, iuitl we haven't hxiked b;ick since,” Mis Cunrsalvcs s;iid. Hie fuM Knui we issued was $ KM) to a gentleman who wiuited to build a house. We had dtvided lluit the interest rate would be one percent |xt annum tn unpaid bakince, so as the lo;ui went dow n, thePlease see BEGAN, 25
Newspaper Details
Kingston Gleaner
Kingston, Kingston, JM
Sun, Jun 26, 2005
Page 135
Full Page
Clipped by
Susun W.
USA 13 Jul 2018
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