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Police Co-operative Credit Union deferred share offer closes early; upsized

Police credit union tapping market for expansion funds

President of MoneyMasters Limited, Claudette Crooks, speaks at the announcement of a deferred share offer from the Jamaica Police Cooperative Credit Union, on Thursday, December 11, 2020 at the Courtleigh Hotel in New Kingston. The credit union representing the police and support staff is seeking to raise $110 million under a deferred share offer to its members and other eligible groups ,to upgrade and modernise the 65-year-old organisation. This is a first for the Jamaica Police Co-operative Credit Union, JPCCU, the eighth largest in the movement, with a 23,000 membership base and $6.8 billion of assets. JPCCU operates five branches, located in Kingston, Portmore, Montego Bay, Mandeville, St Mary, and one full-service agency at the National Police College.

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