Hide Article Text (OCR)
BEGANContinued from 24interest went dtwn. At the time we offered loans for education, homes ;ind medical bills. We went into furniture and vacation afterwards.'‘We got members from the hotels in Negril and those in eastern Hanover. We had payroll deductions for police officers, hotel workers andeven some teachers. Many people have had homes and motor cars and children have been educated and medical bills and vacations paid for, Mrs Gonsalves said.“The thing that struck me is that when we started there were credit unions which were charging more interest th;in we did, so even when tlie police and tlie nurses were transferred out of Lucea, they did not go to the cretlit unions in the parishes where they were sent to w ork. Theystill canx' back to Hiuiover Ca'dit Union because we were the best.Mrs Ginsalves is panid that the Hanover Co-operative Credit union has helped to build Hanover. She noted that even w hen some numbers were unable to meet the repayment deadlines the credit union did not penalise them.“These thirty years have been gixxl. Every category' of worker ytu can think of in this piirish, is a member of the H;inover Co-operative Credit Union.One of her most nxmorable nKmcnts is tlie day in eiirly 1976 when the Caxlit Union had its celebration w hen it reacheil tlic 250-mcmber nuu k. She s;iid that one f;x tor w hich contributed to the nipid gR)wlh in UKMubers at tlx lime was the caxlit union's ipen nxx'tings.“Because we had o|xn meetings, in w hich everyone could attend, even if thev were not UHMubers,nuuiy perst^ns had the ippirtunity to hear what the credit union was aUuit iind joined thereafter.Mrs Crtnsalves’ \\s\on for the Hanover Civoperative C'redit Union!s iui additional 5(XX) members within a ten-yc;ir peritKl, iKiditioniil savings of over $2 million and tlx ability lo increase the iunount of money it lends to its nxmbeix.“We have done well, she s;iid smiling. “Indeed, we have done well
Newspaper Details
Kingston Gleaner
Kingston, Kingston, JM
Sun, Jun 26, 2005
Page 136
Full Page
Clipped by
Susun W.
USA 13 Jul 2018
Other Publications Near Kingston, Kingston
Kingston Gleaner
Kingston Weekly Gleaner
Kingston Outlook Magazine
Colonial Standard
De Cordovas Advertising Sheet
