Devon Evans, Gleaner Writer
OCHO RIOS, St. Ann:
FOLLOWING AN impressive performance during the year 2004 the Jamaica Teachers' Association Cooperative Credit Union continues to enjoy growth in most areas of operation during the first six months of 2005.
In 2004 the credit union's total asset increased by 17.2 per cent to $2.87 billion and at the end of June 2005 it further increased to $3.1 billion.
PRESETED IN A REPORT
This was highlighted by general manager of the JTA Coop Credit Union Barbara Gascoigne, in a report to the 41st Annual Conference of the JTA at the Sunset Jamaica Grande in Ocho Rios, St. Ann, yesterday.
Mrs. Gascoigne noted that savings grew by 15.4 per cent in 2004 to US$2.18 billion, while loans grew by 19.9 per cent, moving from US$1.8 billion in 2003 to US$2.16 billion in 2004.
At the end of June this year both enjoyed further increase with savings moving to $2.4 billion and loans to $2.3 billion.
Mrs. Gascoigne said the growth in assets and savings continues to make the credit union the second largest in Jamaica and the largest teacher credit union in the Caribbean with a membership of over 26,900 persons.
