MCCU Annual Report - page 10

MANCHESTER CO-OPERATIVE CREDIT UNION
ANNUAL REPORT 2013
10
International Credit Union Week Celebration (ICU)
International Credit Union Week was celebrated from October 14 – 20, 2012 under the
theme, Members Matter Most. Our Organization participated in the celebrations through the
following activities:
• Church Service at the Sacred Heart Catholic Church in Christiana on Sunday, October
14, to launch the week of activities.
• Hosting of Member Appreciation Days in Christiana, Mandeville and Porus branches
on October 17, 18 and 19, respectively.
Mid Island Chapter Awards Banquet
Mrs. Doreen Colquhoun and Miss Natalee Simpson were the Member of the Year and Employee
of the Year for 2011 respectively. They were recognized at the Mid Island Chapter of Credit
Unions Annual Awards Banquet hosted by the Manchester Co-operative Credit Union.
Jamaica 50th Anniversary Celebrations
The Credit Union joined in the national activities to celebrate the country’s 50
th
year of
independence. Included in the activities were the following:
1. Decoration of offices in the national colours
2. Printing of branded exercise books for our youth savers designed in the national
colours and bearing the humming bird insignia.
3. Sponsored JCDC Independence Gala & Talent Parade in Christiana
4. Sponsored Central Jamaica 50 Celebration Gleaner Feature
Social and Community Outreach
Assistance was provided to a number of members, civic groups and organizations during
the year. A total of $471,550 was donated to support activities in areas such as: education,
health care, sports and religion.
Recognition and Awards
At the Jamaica Co-operative Credit Union League’s Annual Banquet and Awards function
held in May 2012 our Credit Union proudly walked away with the award for the Most
Outstanding Parish Credit Union for 2011 as well as recognition for the credit union with
the highest return on assets.
CHALLENGES:
The Chairman pointed out that the next four years would certainly be challenging for the
country, as the Government was required to significantly lower the debt ratio to meet the
stringent IMF criteria. The disposable income of the members in particular and the citizens
in general could be further reduced given the rapid erosion of the purchasing power of the
dollar. Despite the many challenges, the Credit Union would ensure that effective and timely
actions are taken to preserve the viability and soundness of the Organization.
The Strategic Plan
Under the theme
‘Embracing Change: Exploiting Opportunities’
the Board,
committee members, the management team and members of staff participated in a Strategic
Planning Retreat from December 8-9, 2012. Strategies were developed to ensure the continued
growth of the Credit Union.
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