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Early
Days
The Credit Union was brought into being as a central unit designed
to meet the needs of all teachers. Mr. W. S. A Johnson, a teacher
at the Wait-A Bit School in Trelawny has the distinction of being
the man to move the resolution to bring the JTA Credit Union into
being. Mr. D. C Gascoigne, a teacher at Kings All Age School in Westmoreland,
seconded the motion at the Conference of the Jamaica Union of Teachers
in January 1959.
By July 1959, the Credit Union began preliminary operations, and in
October of the same year, the Jamaica Teachers' Association Co-operative
Credit Union Limited was registered as a Credit Union under the Co-operative
Society Act.
Pioneers
From the beginning, the JTACCUL has been blessed by the strong leadership
of the founding fathers, volunteers and committees, contributing much
to the building of a strong and viable entity.
Mr. Desmond C. Gascoigne, a founding father, later became the first
president and served in a number of roles, including a volunteer on
the Board of Directors, for a total of twenty-eight years. Mr. Gascoigne
also served as the General Manager, a post he accepted in April 1977.
Among the other early stalwarts of the Credit Union were Myrtle Irving,
WSA Johnson, C.L Stuart and G.W Little. In addition, the other presidents
were the late Isaac S. W. Henry and the late Rev. U.C. Wolfe, W.Titus
and R. K Ellis
First Board for J.T.A. Co-op Credit Union Ltd.
The first Board of the Credit Union was formed in July 1959 and comprised
five members. They were as follows:
| Mr. D.
C. Gascoigne |
President |
| Mr. C.
L. Stuart |
Vice President |
| Mr. W.
S. A. Johnson |
Treasurer |
| Mr. G.
W. Little |
Secretary |
| Mr. D.
A. Samuels |
Director |
In 1961 the Board
was increased from five to seven during which time Rev. U. C. Wolfe
and Mr. W. A. Titus became members of the Board.
District Branches
District Branches were established to provide service to the members
island-wide. A minimum of ten members formed a District Branch. A
functional District had to be commissioned by the Board of Directors
and each would name a delegate to represent the District at the Annual
General Meeting. Each District had a Credit Committee which vetted
loan applications and these were sent to the Board of Directors to
be acted upon.
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