A Short History of The Jamaica Defence Force
In 1963 a group of civilians working in Up Park Camp, piloted
by Father McLaughlin started a study group to learn about Credit Unions.
Individuals from the Credit union League and other organizations would come
in and give lectures to this group. Eventually they started saving, their
lodgements being recorded on cards.
The JAMAICA DEFENCE FORCE CO-OPERATIVE CREDIT UNION LIMITED
as we know it today was formed as a result of this study group. The savings
from the study group were transferred to the Credit Union and the lodgements now recorded
The President, in the beginning was Mr. Basil Williamson; the
Treasurer, Mr. Irvin Gray; and the Secretary, Ms. Joyce Marshall. The Credit
Union did not have a Manager at that time therefore the Treasurer would act as the
Manager. Subsequently, Mrs. Beryl Crawford (now deceased), was then employed
as manager to the Credit Union, she later moved on to the Public Service Credit Union.
The first Annual General Meeting was held on January 1, 1964,
which found the Credit Union with a Share Capital of Six Hundred and Sixty-eight pounds,
one shilling and six pence i.e. approximately One Thousand, Three hundred and Thirty-seven
dollars and Fifty-five cents ($1,337.55). By this time, there were one hundred
(100) members and one (1) staff member.
One may ask, "how did they manage with just one
employee?" Well, at this time the Credit Union was not granting loans,
therefore, this person's job was mainly to collect lodgements and record them in the
By 1971 the SWYS scheme was started with Nine hundred and
Forth-three members and deposits totaling Forty-six Thousand dollars.
In 1973, the JDF Credit Union had its ten (10) year
celebrations which declared a membership of One Thousand, Five Hundred, seven members of
staff and a Share Capital of Three hundred and Fifty Thousand dollars. The
president at that time was Mr. Jeremiah Brown.
The JDF Credit Union has come a long way since its inception
in 1963. It now boast a total of Three Thousand, Five Hundred members and a
Share Capital of $64.8 million. It also offers a number of products and
services to its members, namely:-
- Child Accounts
- Fixed and Ordinary Deposits Accounts
- Computer Loans
- Home Improvements Loans
- Blue Cross Scheme
Over the years the Credit Union has been assisting our
members in the acquisition of real and personal properties through our different loan
portfolios. It is our intention to continue to provide quality and
professional services to our members as we continue to work together to make the JDF
Credit union a force to be reckoned with in the new millennium.