Mission To improve the quality of life of our members and their families, through the provision of personalized financial solutions and advice.
Vision EduCom Co-operative Credit Union is a member-centric, financially-sound and technologically-enhanced employer of choice; and is the top Credit Union in Jamaica in member value, compliance and satisfaction.
STANDING ORDER FACILITIES We take the hassle out of running around each month to make your mortgage, insurance and other monthly payments. Come in and ask about our Standing Order facility. FIELD SERVICE Our Member Care Representatives – Sales and Business Development Officers, are always ready and willing to visit with members and potential members of any institution interested in EduCom’s products and services. SALARY DEDUCTION Save with us the smart way by arranging salary deductions for your weekly, fortnightly or monthly payment plans. CREDIT/DEBIT CARDS All major credit and debit cards are accepted at EduCom.
Our Bond Covers 1 Any person 16 years or older who attended a secondary school. 2 Individuals living or working within a ten kilometer (10 km) radius of an EduCom branch. 3 Trainee, current and former Teachers of any recognized educational institution. 4 All students (current and former), employees or former employees of secondary and post-secondary, inclusive of tertiary level educational institutions. 5 Current and former employees of: EduCom, any recognized educational institution, The Ministry of Education and its agencies and Government owned/grant aided educational institutions. 6 Anyone who lives, works, having investment or does business within the parish of St. Catherine. 7 All family members in the categories of 1 to 6 inclusive of: children, stepchildren, adopted children, grandchildren, parents, spouses, siblings, aunts, uncles, nieces, nephews, cousins and grandparents.
History of the EduCom Credit Union AAMM and UWI Co-operative Credit Unions merged their operations on April 1, 2015 and realized the birth of EduCom Co-operative Credit Union Limited. This merger has resulted in an asset base for EduCom of $5 billion and membership of approximately 27,000. The name EduCom was derived by a former AAMM member which represented Education and Community the intention of which was to identify with persons in education and surrounding communities. This merger has resulted in some 7 branches across the island and ranks EduCom in the number 5 position among Mega Credit Unions. Both credit unions shared common values and strong commitment to their members. The UWI Mona and Community Co-operative Credit Union was founded in 1954 by the staff of the University of the West Indies, Mona with only two shillings and was then called University Staff College Cooperative Credit Union. The primary purpose of the Credit Union was to afford housing solutions for
its members in the surrounding communities of Mountain Terrace and Nannyville Housing Scheme. The Credit Union before the merger served employees, students and alumni of the University of the West Indies and the University of Technology Jamaica as well as their relatives. Staff and students of other institutions within neighbouring communities, staff of businesses and residents, within the neighbouring communities and their relatives were also eligible for membership at UWI Mona and Community Co-operative Credit Union. Originally known as the Association of Assistant Masters and Mistresses, AAMM was conceived in 1960 as a vehicle to assist teachers to gain access to credit facilities which were difficult to obtain from more traditional financial institutions. Like the UWI Mona Co-operative Credit Union, AAMM started from humble beginnings with only One Hundred and Sixty Eight pounds in share capital. Prior to the merger AAMM served teachers and their families.
In 2016, as EduCom sought to expand and grow, we engaged with St. Catherine Co-operative Credit Union Limited, SCCUL, to acquire their operations on January 1, 2017. This merger resulted in the transfer of the assets and liabilities of the SCCUL to EduCom Co-operative Credit Union Limited, resulting in a combined asset base for EduCom of $8.1 billion and increasing its membership to 67,000. Based on the similarities of both credit unions, combining their strengths gives the opportunity to deliver stronger financial performance and offer a wider range of financial products to an expanded membership base. This strategic merger will have significant benefits to the members and the sustained viability of the merged entity, resulting in an increased Capital Base to mitigate against risk along with expanding the reach and scope of the credit union so as to attract more members and increase our market share. EduCom’s objective will be to continue adding Value through Service, Integrity Innovation and Commitment to its members while improving our
viability and sustainability so that we are able to enhance our overall member value proposition in the long term. We will continue to offer new and exciting products and services and to deliver exceptional member service and enabling the least fortunate among us to have a better future through our corporate outreach efforts.
SAVINGS & INVESTMENT PRODUCTS 02 EduCom Educator Plus 04 Pardna Plan 06 Wealth Creator 08 Mega Advantage 10
Executive Gold Note
12 Diamond Reserve 14
EduCom Youth Saver
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EduCom Teach Account
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Additional Saving Products
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