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Home > Info Centre > Publications > Alert 1998 > JDF Credit Union | ||||||||||||||||||||||||||||||||||||
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This year 1998, the JDF Credit Union staged its 35th Annual General Meeting since it was registered on the 19th of December, 1963 with the Registrar of Co-operative Societies, Jamaica. What is evident therefore is the fact that this Organisation has been in existence for nearly as long as its parent organisation, the Jamaica Defence Force. The worldwide Credit Union movement with its renowned symbol comprising the Hands, Family and Globe, represents the thought of self help via families working together on a world wide basis. The Mission Statement of the Credit Union speaks of its intent and reason for being, which is "To enhance the financial well-being of the JDF family by providing quality and professional services." If it is to make it into the next millennium then it must put into practice the very contents of its mission statement, be seen as a facilitator, and with the aid of technology project itself as a one stop financial organisation in close proximity to its clientele with the capability of fulfilling and or facilitating all their financial needs. The current facilities offered are: Deposit facilities – SHYDA (Service man’s High Yield Deposit Account), Loans – Shares, Security, Vacation, Back to school, Fast Loan, Central Mortgage Fund, Blue Cross, and Standing order payments. Of course these facilities will have to be augmented with features such as: ATM Cards – Multi Link, Checking Account facilities, Credit Card facilities, Insurance Premium Financing, and Financial Counseling. With a preset total membership of three thousand four hundred and seventy six (3,476), share capital of sixty four million dollars ($64 M) and a loan portfolio of fifty three million dollars ($53 M) there is no doubt that the JDF Credit Union is going positively into the 21st century.
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