KINGSTON, Jamaica–The merger of the Hanover and Montego Co-operative Credit Unions to form what is now the Gateway Co-operative Credit Union is now complete.
The new entity is the newest credit union in Jamaica and has two branches in western Jamaica: Sam Sharpe Square, Montego Bay; and Main Street in Lucea, Hanover. The Gateway Co-operative Credit Union now has approximately 70,000 members and total assets of $6.1 billion.
According to Ornell Badasse, CEO of Gateway Co-operative Credit Union, the merger has created greater opportunity for growth and a wider range of product offerings for members.
"With this merger, the work has now begun for this credit union to be listed among the 'mega' credit unions in Jamaica, and that's a position we aim for," he told the Jamaica Gleaner.
"The members of the former credit unions will now be able to conduct business at any branch that is convenient, and we are working to ensure that the high levels of service previously offered are surpassed, thus ensuring member satisfaction and retention," General Manager - Operations, Jennifer Taylor-Wilson told the Gleaner.