Volume 3
AUGUST 2018
PORTMORE, OCHO RIOS MORTGAGE EXPOS SPREAD HOME OWNERSHIP EXCITEMENT VM FOUNDATION’S SCHOLARSHIP AWARDS IGNITES ACADEMIC DREAMS OF YOUNG PEOPLE
GROWTH ADVANTAGE
DEFERRED SHARES – A SAFE, SECURE AND EXCITING NEW OFFER
STRONG INTEGRATED FINANCIAL GROUP • MODERN MUTUAL • EMPLOYER OF CHOICE • MODEL CORPORATE CITIZEN
INTRODUCTION 3
T
here are lots of things happening at your VM Group. Inside Your VM brings you all the news you might have missed. Stay in touch with us! Send feedback and suggestions to manager@vmbs.com or give us a call at 876-754-VMBS (8627).
Let’s Drive! VM’s New Auto Loan Revs Up The Market
4
Enjoy!
Portmore, Ocho Rios Mortgage Expos Spread Home Ownership Excitement
5 VM Foundation’s Scholarship Awards Ignites Academic Dreams of Young People
7
Growth Advantage Deferred Shares – A Safe, Secure And Exciting New Offer
CONTENTS
LET’S DRIVE!
VM’s New Auto Loan Revs Up The Market
W
e know how it is. You’ve been eyeing that dream car, wondering when you’ll be able to afford it. You’ve been trying hard not to envy your neighbour’s new BMW but it’s becoming increasingly difficult to smile hello when he speeds off in the mornings, leaving you behind to crank up the old jalopy that needs a swift kick, applied with just the right balance of finesse and brute force, to get started. Well, we have good news. The VM Drive Auto Loan is here to get you in that new car. VM Drive is for persons who want to acquire funding to purchase a new or preowned motor vehicle for personal use, as well as entities seeking to purchase a new or pre-owned motor vehicle for personal use by members of staff.
CUSTOMER SERVICE AWARDS
One of the best features of the VM Drive Auto Loan is the fact that it’s offered by an organisation you know and trust. For 140 years we’ve been helping our Members acquire their homes and achieve financial independence. Now we’re ready to get you moving on the roads. Other features of the VM Drive Auto Loan include: »»
Up to 100% financing
»»
Low monthly payments
»»
Up to 9 years to repay
»»
Fast loan processing
»»
Loan decisions within 2 business days
»»
Lower interest rate than most auto loans on the market
»»
Low processing fee
»»
7.95% Special Introductory Rate* *Conditions Apply
Ready to drive? Visit www.vmbs.com or call us at 876-754-VMBS (8627) for more info and let’s get moving!
INSIDE YOUR VM
3
PORTMORE, OCHO RIOS MORTGAGE EXPOS SPREAD HOME OWNERSHIP EXCITEMENT O
cho Rios, St Ann and Portmore in St Catherine hosted Mortgage Expos in August, bringing the joy and excitement of home ownership to the two busy towns. On Saturday, August 11 our Ocho Rios Branch saw scores of would-be home owners showing up to hear presentations and to get pre-qualified for mortgages. The venue buzzed all day and with lively music, prizes and surprises, it was a day full of excitement. The following Saturday it was Portmore’s turn and the vibe was just as good. The sweltering heat did not deter the eager masses who showed up, ready to start their journey to home ownership. Here are some highlights:
4
INSIDE YOUR VM
VM FOUNDATION’S SCHOLARSHIP AWARDS IGNITES ACADEMIC DREAMS OF YOUNG PEOPLE T
he Victoria Mutual (VM) Foundation, the corporate philanthropy arm of the Victoria Mutual Group, on Thursday August 23, awarded 59 hard-working students from across the island with scholarships and grants, giving much-needed support to their academic goals.
other students just like you who wish that they could receive the scholarships and bursaries that you are receiving today. Please don’t take this lightly but instead take full advantage of this opportunity by working hard, staying focused and dedicated to your school work.”
The VM Foundation’s 2018 Scholarship Awards Presentation Ceremony took place at the Knutsford Court Hotel in St Andrew under the theme ‘Celebrating Excellence’ and was a lively event that embodied the joy which the students felt in receiving the scholarships.
Floyd Green, minister of state in the Ministry of Education, Youth and Information was the keynote speaker at the event and encouraged the students to be bold in pursuit of their dreams and to never become complacent. “Aim for excellence. We need to change the way that we speak. Let us not focus only on ‘doing well’. Instead, let us go for excellence,” he said.
The Foundation offered grants and scholarships to students at the primary, secondary and tertiary levels of school. Brigette Levy, manager of the VM Foundation said that youth empowerment is a major part of the Foundation’s focus. “Watching young people excel in pursuit of their dreams is truly a great feeling,” she said. Levy also challenged the students to make the most of the opportunity. “Awardees, there are many
The VM Foundation Scholarship Programme rewards scholastic achievements of VM Group student savers. The programme presents several opportunities for students who save while they pursue their education, to qualify for scholarships, bursaries and grants.
INSIDE YOUR VM
5
6
INSIDE YOUR VM
GROWTH ADVANTAGE DEFERRED SHARES A Secure And Exciting New Offer Y
ou know what? We love our Members and we feel like offering you all something special. So, here it is. Introducing Growth Advantage Deferred Shares. With a fixed interest rate of 6.50% p.a. you can’t afford to miss this opportunity. Other features of the offer include: »»
You can get in with as little as $150,000
»»
Access quarterly interest payments
This is a secure way to grow your funds. The offer ends October 31, so act now! Call 876-754-8627 for more information. *Conditions Apply
INSIDE YOUR VM
7