HAPPENINGS
The Co-operative Department that regulates Credit Unions is established and the Co-operative Societies Act is passed. Under the Act, Credit Unions begin to enjoy tax concessions and stamp duty exceptions. There is large-scale establishment of parish credit unions through the amalgamation of smaller Credit Unions, thereby bringing about large Credit Unions in each parish. Jamaica is the first country […]
OUR STORY – HISTORY
1930s – 1940s: Father John Peter Sullivan, a Jesuit Missionary, arrived in Jamaica to teach at St. Georges’ College in 1939, a year after the 1938 labour riots that saw the working class clashing with their employers over unfair pay and inhumane working conditions. If the poor were lucky they could get loans from the […]
