NAME OF FEATURE | THE GLEANER | WEDNESDAY, SEPTEMBER 27, 2023 3 LEPCCU 55TH ANNIVERSARY FEATURE THE JAMAICA Co-operative Credit Union League, on behalf of the credit unions of Jamaica, wishes to congratulate the Lascelles Employees and Partners Co-operative Credit Union on achieving 55 years of service to your members. Since your inception on the 19th of September, 1968, you have continued to positively impact the lives of the people you serve and the communities in which you operate. You have grown from strength to strength, moving from 50 members upon inception to over 6,000 members to date, and amassing assets of over $1 billion. Your League salutes you for the tremendous work you have done in building and expanding the services offered to your membership. You have advanced over the years with the use of appropriate technology, as in 2022 you upgraded your core banking system, allowing your members to have access to personalised financial services in real time. The Lascelles Employees and Partners Co-operative Credit Union has undergone many changes through mergers and transfer of engagements over the years and has become a stronger and more robust credit union, offering competitive products and services to your members. In 2021, the Lascelles Employees and Partners Co-operative Credit Union was awarded the coveted title of Credit Union of the Year in the small credit union category. We laud the efforts of your founding fathers and volunteers whose commitment over the years to the credit union mantra of “People helping people” has led to the success of your credit union. We also commend the management and staff who continue to serve with distinction, going above and beyond to serve the valued members of the credit union. The League salutes you on this very special occasion. We wish for you and your membership many more successful years embracing the spirit of “My Credit Union, My Family/Fi Mi Credit Union, Fi Mi Family”. LAMBERT JOHNSON President Jamaica Co-operative Credit Union League We salute you on this very special occasion TODAY HIGHLIGHTS a remarkable milestone – the 55th anniversary of Lascelles Employees & Partners Co-operative Credit Union Limited. God in his infinite wisdom gave us some strong founding visionaries who realised in 1938 that Jamaica’s socio-economic climate needed to be changed, because numerous riots and uprising occurred in the rural areas and eventually spread to the city of Kingston. These types of unrest were mainly due to two factors: 1. High unemployment rate – there were many men that week after week could not find employment. 2. Low Wages many of the Jamaican people were earning far less than one pound per week – for example the cane cutters on large sugar plantations were earning wages far less and many had families and extended families to support. As a result, it meant that in most cases Jamaicans on the lower end of the wage scale lived from one week’s pay to the next without being able to put aside anything for a rainy day. And Rainy days were plentiful. So, when they needed extra money, they would invariably have to turn to the loan sharks for assistance. Once in the clutches HISTORY OF THE LASCELLES EMPLOYEES & PARTNERS CO-OPERATIVE CREDIT UNION LTD PLEASE SEE HISTORY, 4
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