credit union Derrick Brown

History

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.

http://www.jscfcreditunion.com/about-us/history