We are constantly aware of the needs of our members to make an informed decision when choosing a financial institution. After all, they are trusting us with one of the most sacred of their lives, their pocketbooks. In response to this need, RCCU acquired a state of art operating system that provides additional security and ease of access to the account. We've created health savings, money market accounts and second chance for members of the credit checking accounts with irregular. We continue to provide outreach to volunteer our time and offer financial support to some of the local primary and secondary schools.

Since 2008, we have five branches open right choice. We also recognize the need of our members have for products other than CDs and Christmas Club accounts. Therefore, we have partnered with CUSO Financial Services (CFS), a brokerage firm nationally recognized exclusively dedicated to serving credit unions and their members. The services offered include mutual funds, annuities, insurance products, securities, U.S. Government and more.

The last 32 years have been full of growth, change and opportunity. There is no doubt that we will experience the same in the coming decades. However, we remain committed to providing the best products and services in the industry

The Jamaica Special Constabulary Co-operative Credit Union movement began in 1968 when members of the Constabulary Force realized they had no choice but to borrow loans against high interest rates in order to survive. The interest rates charged by the usurers were so high that some members had to turn in their entire salary for payback.
Messrs L. Golding, C. Messias, J. Campbell, C. Brown capitalized on the suggestion of forming a Savings Union. With the aid of Rev. Thorbourne and Mr. Orville Hutchinson the Jamaica Special Constabulary Co-operative Credit Union was born.

Mr. E. C. Murray was the first Treasurer of the Credit Union. This post was later handed over to Mr. Leon Bailey who was the Assistant Treasurer/Secretary from the start of the Credit Union. In 1982 Mr. R. O. Thomas was appointed Treasurer/Secretary followed by Sergeant Gosma Buddoo. His successor Corporal Derrick Brown served the Credit Union until March 1992.
Since then JSC Co-operative Credit Union was graced with the presence of another stalwart, Commandant Osmond Bromfield, then Inspector. He took the Credit Union from under 6 million dollars to almost 1 billion dollars in asset base.

Today, in addition to the Headquarter located at 9 Union Square, the Credit Union has three branches located in Mandeville, Hanover and St. Mary.
Jim has been writing and talking about leadership, change, team and organizational effectiveness for nearly 30 years. His extensive research, extensive experience with hundreds of organizations and thousands of people, and a deep understanding of these issues makes it an internationally recognized leader in the field.

Beyond his six books, written hundreds of columns and articles for newspapers and magazines. We collected over 300 articles and book excerpts Jim and indexed according to the common materials that reflect the scope of his work. You can browse by subject below or do a quick search to find something specific. Anyway, it is very likely to come across a piece that will inspire you and your team to achieve more.

"The portfolio was excessive, below, and full of high-risk accounts," said Derrick Brown, vice president of Right Choice of loans and collections. "Because the portfolio had a fixed price and had the highest delinquency, they were losing money on it."

With a background in collections and loans, Bleazard knew the cooperative had to stop the bleeding and apply a new strategy to turn the program around. The portfolio sale was not an option due in part to its high risk. Instead, Right Choice CU turned to TNB Card Services for assistance. TNB brought in an experienced team of consultants to conduct a forensic analysis in the portfolio and determine what can be done to improve it.

After an extensive portfolio analysis and construction of different performance models, TNB presented a plan to improve the portfolio by reducing risk, reducing cancellations, and increasing revenues. The goal: Create a portfolio that allows Right Choice to increase revenue, offset chargeoff losses, and build a program with effective underwriting policies. At the same time, the credit union had to offer a card that is attractive to its members.

By tightening its credit policy, Right Choice changed the practice of issuing credit cards to better manage risk. Before the new policy, holders will automatically receive annual credit line increases, regardless of credit score. At the peak of this practice, the credit extended credit lines to an average of $ 6,500. Today, the average credit line of $ 5.700. Members also will receive annual credit line increases without a review.

Price was also a challenge to the right of choice. Despite offering low rates from 9.9 percent to 11.9 percent for the three card products, the risk is not considered the issue a card. cardholders of high risk may receive the same proportion as the members with a lot of credit, resulting in low yields and a default rate that reached 14 percent at one point.

After a thorough analysis of each individual contractor and his risk, TNB should the credit union to revise its prices by moving to a variable interest rate and reducing the types of cards offered. pricing based on risk right choice allowed to set rates for cardholders based on the risk posed to the credit union. The new pricing strategy helped the credit union to achieve an average return net of cancellations of almost 12 percent within six months, compared with an average of only 5.6 percent in the last six months.