Dcember 2013 Vol. 10, Issue 3

Paving the way for

Financial Success

The year 2013 was a special one in the historyof the JPS & Partners Co-operative Credit Unionas it saw the mergers of JPS & Partners withKirkvine and Ewarton Co-operative Credit Unions.These mergers have resulted in JPS & Partnersnow being ranked as the fifth largest Credit Unionin the Movement. We now boast Membership ofover 9,000, Savings of approximately $2.9B andTotal Assets of $3.7 Billion.

We are excited about this opportunity to be ableto serve our members from more than onebranch. This has always been a dream of oursand it is quite fulfilling to see it become a reality.Heartfelt thanks to the Management, Staff,Volunteers and you the members for yourcontinued support of the vision of the CreditUnion. I must commend you for the positive wayin which you have all embraced the mergers.

Throughout the world October is celebrated asCredit Union month. It is a period when theMovement say thanks to its Co-operators. Overthe years, we at JPS& Partners have alwaysembraced this month in many and varied waysand this year was no different. Celebrations wereheld not only at the locations of our SponsorCompany and strategic partners but also at our

Ewarton and Kirkvine branches.

This year JPS&Partners Co-operative Credit

Union celebrates 57 years of existence. Fifty-seven years of helping people succeed throughthe offering of financial freedom. Frominception, the Credit Union’s motto has beenabout working in partnerships to help ourmembers achieve their goals. This year wecontinue the rich tradition of helping membersachieve their dreams and so we unreservedlyembrace the Movement’s theme “Credit Unions:United for Good, A Better Way”.

In our quest to provide a better way for ourmembers, the Credit Union seeks not only toplace interest in the business of making asurplus but to also place interest in the lives ofour members. We do this by, ensuring that weprovide our members with the means for them

to make theirdreams a

rea l i t y ;

own their dream home, car or both, and forthem and their children to receive the verybest education. In the area of investment, weprovide a myriad of products at attractiveinterest rates. We will continue to conductmarket surveys on our interest rates on bothloans and deposits so as to ensure that wealways remain competitive.

At JPS & Partners membership matters most.I encourage you all to continue your partnershipwith the Credit Union. Encourage someone – afriend or a relative to join and experience theCredit Union difference. You, like the CreditUnion Movement can unite for good in order tocreate a better way. Unity is strength and withstrength we can conquer the struggles that faceus in our daily lives. Ecclesiastes 4 vs. 12reminds us that a cord that is made of threestrands is not easily broken. Always rememberthis especially when you face your financialsituations, remember, your Credit Union andGod is not easily broken and you can weatherany financial difficulty.

In 2013, Jamaica was once again thrown intocelebratory mood by the performance of ourathletes at the IAAF World Championships.Jamaica’s sprint darling Shelly-Ann FraserPryce popularly called “Pocket Rocket” won the100M and 200M races and anchored theJamaican female sprint team to victory in the4x100M relay in a time of 41.29s - a nationalrecord. Usain Bolt once again proved why he isbeing regarded as the fastest sprinter of all time

when he won Gold in the

Derrick A. Tulloch, JP- President

From the President’s Desk

INSIDE THIS ISSUEChristmas Saving TipsMembers’ Appreciation DayWorship at Charlemont Open Bible ChurchChristmas Security TipsUGain Savers Account

From the President’s Desk Continued

1. Write down everyoneyou plan to buy a giftfor; No matter how smallthe gift may be. Writedown your gift ideas as wellas the maximum amount youare willing to spend on eachgift. Also list the persons youwill be giving monetary tokensas gifts e.g. the gardener,garbage collector, helper. Start Early. Alwaysstart your holiday shopping from early. Do notwait until December as the prices tend to go upduring this festive period. Look out for salesduring the year, who knows you might be ableto find the perfect gift for Mom or Dad.

2. Do online research. Use the internet tocompare and contrast prices. Use it to seewhich stores are offering special discounts and which are having sales.3. Do it yourself. There are many creativethings you can do to make gifts for your loveones this year. If you are creatively inclined youcan sew a tote bag for a family member or bake

a batch of cookies, make a necklace or anice pair of earrings.4. Buy in bulk. If you know of anyonewho is planning to buy the same things as you are, coordinate. Purchases inlarger quantities will definitely help you score hefty discounts.5. Recycle. You are not only doing theenvironment a favour when you recycle,you also help protect your savings. And this does not mean you have

to recycle gifts. But instead of buying newdecorations, used the old ones. You may alsoput your creativity to test and get on a recyclingproject. You can even use magazines and usedwrappers for gift wrapping. It may be a smallmatter, but it can still help you save.

Christmas Savings Tips

100M, 200M and 4x100M relay races at thechampionship.

Jamaica’s song bird Tessanne Chin ensuredthat athletics was not the only sphere thatwould bring international recognition toJamaica. She used her vocal talents to renewnational pride. Once again the Jamaican peoplewere given something to cheer about with herpowerful performances on the NBC realityshow “The Voice”.

At JPS & Partners Co-operative Credit Unionour members continue to be at the heart ofwhat we do and as such we will alwayscontinue to be mindful of their holistic wellness.We continue with our initiatives such asproviding free health checks and health adviceto our members. Our Care-A-Bit fund continuesto afford us the opportunity to provide financialassistance to our members who have beenaffected by major illnesses and naturaldisasters. Our investment in education forboth our members and their children continues.So too is our investments in Central Branch AllAge, Merrion and St Mary’s the Virgin BasicSchools. We have adopted the Polly GroundBasic School in St Catherine and the St. Johnthe Bosco Boys Home in Manchester. Theseinstitutions are located in the parishes in whichwe now have branches.

As you begin your preparation for theChristmas season, I encourage you to be verywise in your decision making. Do not be tooquick to make decisions, think about them firstbefore you implement them. Ensure you takethe necessary precautions to safeguardyourself and your families from any unforeseendangers. Most of all reach out to the lessfortunate persons with whom you come incontact with.

On behalf of the Board of Directors, Management,Staff and Volunteers of the Credit Union have a joyous,peaceful and holy Christmas season. I wish you andyour family a Prosperous New Year and the very bestfor 2014!

God bless You and God bless Jamaica!

FINANCIAL UPDATESeptember 30, 2013 (UNAUDITED)

Total Assets $3.7B

Loans $1.8B

Savings $2.9B

Membership 9,836

65 3/4 Half Way Tree Road, Kingston 10 Toll Free: 1-888-991-4304 jpscreditunion@jpscu.com • www.jpscu.com

Call a Member Service Representative for more information

Owning your home just got easierwe’ve cooked up a special offer…see for yourself • Rates as low as 9.5% (variable rates)

• Access up to $7 Million• 25 years to repay• Share requirements as low as 1%• Members who access

this offer will be entitled to a Microwave Oven

• Offer ends

December 31, 2013.

• Conditions Apply!

Great rates and terms todrive you home today! • New Vehicle Loans as low as 9.5%• Used Vehicle Loans as low as 10.5%• Terms up 96 months (New Vehicles)

• Terms up to 36- 84 months (Used Vehicles)• Members who access this offer

will be entitled to a Car Sun Visor• Offer ends December 31, 2013.

• Conditions Apply!

Don’t miss these Super Deals!

On October 17th, our Ewarton Branch kicked off our Credit Union’s Members’ Appreciation Day celebrations for 2013. The celebrations were held on the grounds of the Office inEwarton, St. Catherine and saw over 350members in attendance. The Heart Foundationprovided free health checks to members inattendance. Members were also treated torefreshments and tokens.

On October 25, 2013 the focus was placed onKingston. 352 members turned out to celebratewith the Credit Union. Booth displays were set-up by several of our affiliates: Digicel, Jamaicaoffered members discounts on Wifi Modems;Toyota Jamaica had three of their latest modelcars on display. They too had a special offer forevery member who was purchasing one of theirvehicles through a loan from the Credit Union.CMFG Life Insurance Company had an informativebooth that provided members with information on the Family Indemnity Plan (FIP) as well as the U-Gain Savers Account (formerly called GoldenHarvest). Your credit union provided free healthchecks to our members in attendance.Entertainment was provided by the Vauxhall HighSchool. The celebrations continued on November1st at the Kirkvine and Port Esquivel branches. The rains did nothing to damper the spirits of theover 340 members that turned out to share inKirkvines’ celebrations. They were all treated tolunch and issued with souvenirs.

Members’ Appreciation Day activities came to aclose on November 8, 2013 with celebrations atthe Bogue Power Plant, Digicel, Montego Bay andthe Moneague branch of the Credit Union. At each location our members were treated to tokens and refreshments.

Resident Nurse Violet Gordon providing health checksat the 2013 Member’s Day.

President, Derrick Tulloch join hands with our Membersin cutting the cake at the 2013 Member Appreciation Day.

“We are here for you”… Marketing Officer, NicoleBaker engaging a Member at the 2013 Member’s Day.

Members looking keenly at the great deals from Toyota Jamaicaat the 2013 Member’s Day.

Staff at the Kirkvine Branch serving ourmembers at the 2013 Member’s Day!

Sumptuous meals being served at theKirkvine Member’s Appreciation Day.

Students of the Polly ground Basic school performing at theCredit Union Month church service

Service with a smile at the Ewarton Works MemberAppreciation Day celebrations.

JPS&Partners Worships at the Charlemont Open Bible Church

As part of our Member Appreciation day celebrations, members of the JPS & Partners familyjoin with members of the Charlemont Open Bible Church in Ewarton, St. Catherine to celebratein a thanksgiving service. The service was held under the theme: Credit Unions unite for good.A better way. The sermon was preached by Rev. Franklyn King. He encouraged thecongregation to become members of the Credit Union. Members of the Credit Union alsoparticipated in the service.

A Member at the Ewarton Works branch getting hishealth check on Member’s Appreciation Day.

Á

Á

ÁÁ

Á

ÁÁ

Á

You are Appreciated... MEMBERS’ APPRECIATION DAY

OUR DIRECTORSDerrick Tulloch President (876) 431-7797 dtull67@yahoo.comAlbert Dawkins Vice President (876) 431-7652 dawkins2000@hotmail.com Gerlyn Gray Treasurer (876) 431-7517 gg1454@yahoo.comRodney Gordon Asst. Treasurer rodney.gordon@time4lime.comDelroy Redway Secretary (876) 431-7017 delredway@hotmail.comEarl Munroe Asst. Secretary eamunroe@yahoo.com

Vaughn McDonald Director (876) 896-4869 vmcdonald@jpsco.comMichael Bravo Director (876) 458-6015 mbravo@tankweldfab.comFiona Johnson Director (876) 878-3590 fjohnson@jpsco.comNatalie Sparkes Director Kirkvine natalie.sparkes@windalco.comRonald Thomas Director Kirkvine ronald.thomas@windalco.comRalston Facey Director Ewarton ralston.facey@windalco.comDwight Hart Director Ewarton dwight.hart@windalco.com

CONTACT US65 3/4 Half Way Tree Road, Kingston 10 • Tel: (876) 968-3700, 968-1115, 929-8559, 577-9466 • Toll Free: 1-888-991-4304 • Fax: (876) 968-5721

Website:www.jpscu.com • email:jpscreditunion@jpscu.com

Are You AwAre…of who Your beneficiAries Are?

DiD You…nominAte Your beneficiAries on opening Your Account?

Do You…wish to chAnge/upDAte Your beneficiAries?

Please ensure you complete a Nomination form to update your beneficiary’s information. Forms are availablefrom the Credit Union’s website; www.jpscu.com or from our office. Remember to return your completed formsto the Credit Union. It is important that you know who your beneficiaries are, if you do not recall who yourbeneficiaries contact our Member Care Department and they will be more than happy to assist.

This is a reminder that effective September 1, 2012 the CreditUnion implemented the Deed of Authority and Indemnity Form.

AS A RESULT:• Members who utilize the facilities of electronic mail (email)and facsimile (fax) as ways of submitting transaction requeststo the Credit Union must complete an Indemnity Form.

• Transaction requests submitted by fax or email will not beapproved without prior submission of a signed IndemnityForm Agreement

PLEASE NOTE THAT:• The form must be signed by a Justice of Peace (JP).

• Forms are available by visiting our website; linkwww.jpscu.com/userfiles/JPSCU_Indemnity_Form.pdf

• Once the form has been completed, submit same to theMember Services Department of the Credit Union.

INDEMNITY FORM

• If planning to visityour family and relativesover a long distance,have your vehicleserviced and checked outsufficiently ahead of time.

• When driving, keepdoors locked and windowsrolled up at all times.Maintain at least half a tank of fuel.

• Always travel with your cellularphone in case of any accidents oremergency. However, avoid usingyour cell phone when driving.

• Travel and conduct your

business in the daytime if possible.

•When parking...roll up the windows, lock the vehicle, take the keys, and ensure your valuables are concealed (preferably in thetrunk). During hours of darkness, park and walkin lighted areas to the extent possible.

• Avoid carrying large amounts of cash. Use a Debit/Credit Card for major purchases.

• When returning to yourvehicle, carry your keys inyour hand and be ready tounlock the door and enteras quickly as possible. Asyou approach your vehicle,scan the area, glanceunderneath the vehicle,and take a quick lookinside before entering.

While you are out be aware of yoursurroundings; scan thearea from time to time.

• Shop with friends andfamily if possible. There isstrength in numbers.

Did you Know that... • This is a savings and insurance plan that wastailored for Credit Union members. This plancaters to persons up to sixty-five (65) years ofage who may contract with the Credit Union tomake regular monthly deposits for a specificnumber of years.

• There is no minimum savings goal; howeveryou must open the plan with at least $1,000.

• The maximum savings goal insured isdetermined by the member’s needs and subjectto the Credit Union’s contract limit.

• This savings instrument offers you a guaranteedinterest rate for the duration of your plan.

• In the event you become totally andpermanently disabled, your Credit Union will payyour total savings on your U-Gain Saversaccount, plus insurance benefits, which will beequal to your savings goal to the accountholder/insured.

• In case of death, prior to achieving your savinggoal, the Credit Union will pay your total savingsgoal, and insurance benefits which equals yoursavings goal to your beneficiary.

• The U-Gain Savers Account can be used asan avenue for wealth creation, and can assist inthe achievement of your financial goals andobjectives.

Add to your Christmas list

STAY CLOSE TO HOME…UPDATE YOUR RECORDSWe are currently reviewing our records to ensure that we have up-to-date information on ourMembers, and also to ensure compliance with the requirements of the Proceeds of Crime Act(POCA). As such, we ask you, our members, to complete our Member Update Form. The Form isavailable for download from our website, from your locations through your location representativesand from the Credit Union’s office. Also remember to get your picture identification card scannedand uploaded to our system the next time you visit our Office.

CHRISTMAS SECURITY TIPS