Credit Union Link 2020

JPS&PCU Unaudited Financial
Performance
Despite the effects of the COVID-19
pandemic, the Credit Union continues to
perform profitably. We are constantly working
to make sound financial management
decisions to ensure that your Credit Union
remains a viable institution and one that will
continue to benefit you, our members.
UNAUDITED FINANCIAL PERFORMANCE AS AT SEPTEMBER 30, 2020:
Shares
Deposits
Loans
Total Assets
Institutional Capital
Sept. 2020
$M
1,382.60
2,009.80
2,809.27
5,121.12
735.44
2019
$M
1,318.62
2,009.07
2,868.74
4,879.83
712.74
Saving During Covid-19
Many industries were impacted negatively resulting in many
businesses been forced to close their doors. Many persons
either lost their jobs, were laid off or had to agree to salary
cuts. Despite all of this, life continues and persons have had to
find a way to survive it all. It was against this background that
the Credit Union decided to conduct a series of webinars. The
series was themed “Saving during COVID-19”. The first in the
series was held on Friday, June 5, 2020. This webinar featured
a presentation from Miss Claudette Christie, Group Marketing
& Communications Manager at the Credit Union League. Miss
Christie spoke to participants about the benefits of being a
Credit Union member. The webinar also featured a
presentation from Mr. Maurice Wright, Acting CEO & Chief
Investment Officer at the Credit Union Fund Management
Company. Mr. Wright presented on different ways to save and
the importance of budgeting”.
The year 2020 will go down in the history books as
one of the most life changing year ever. The global
impact of the COVID-19 pandemic has changed the
face of all industries. The effects were far reaching
and industries had to be innovative in finding new
ways to connect and survive while dealing with the
effects of the pandemic.
The second webinar was held on Thursday, October 15, 2020
as a part of the Credit Union’s Credit Union Week celebrations.
The featured presenter was Mr. Robert Brown, a Financial
Management Consultant. Mr. Brown spoke on the various
types of income and gave practical ways that may be used to
create personal budgets and ensure consistent savings.
JPS & Partners takes the financial education of its members
very seriously and will continue to provide such avenues for
our members to learn and grow.
ARE YOU AWARE…OF WHO YOUR BENEFICIARIES ARE?
DID YOU …NOMINATE YOUR BENEFICIARIES ON OPENING YOUR ACCOUNT?
DO YOU…WISH TO CHANGE/UPDATE YOUR BENEFICIARIES?
Please ensure you complete a nomination form to update your beneficiary’s information. Forms are available from the
Credit Union’s website; www.jpscu.com or from our offices. Remember to return your completed forms to the Credit Union.
4