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First Heritage Cooperative (FHC) Credit Union recently held its Scholarship and Entrepreneurship Awards. Along with awarding bursaries to 17 students, the credit union's foundation also awarded the winner of their Annual Entrepreneurship Competition with a $300,000 grant towards starting the proposed business.

Realising that graduates leaving universities pursuing entrepreneurship have access to little or no funding, First Heritage Co-operative Credit Union instituted its Entrepreneurship Competition in 2006 as a means to aid young Jamaicans fulfil their career aspirations.

The presentation took place at the FHC Foundation 2015 Scholarship and Entrepreneurship Awards ceremony held recently at the Knutsford Court Hotel. Since its inception in 2006, the programme has awarded 28 grants to tertiary students with exceptional business plans and ideas.

The Jamaica Gleaner: Published: Thursday | September 10, 2015

CLARENDON, Jamaica – The Child Development Agency (CDA), in partnership with First Heritage Credit Union, recently held a workshop in one of the Clarendon communities identified by child advocates as a hotspot for child abuse.

The workshop was one of eight organised by both entities under the theme, “Parenting for the Nation’s Sake”.

Some 54 parents in the community of Kilsyth were exposed to topics such as the growth and development of children; child abuse and the penalties; better parenting; and budgeting and financial planning.

Representing Member of Parliament Richard Azan, Bridgette Daley-Dixon, constituency secretary, said: “North West Clarendon is not immune to some of the issues affecting children in Jamaica, and therefore we welcome the effort.”

Daley-Dixon encouraged parents to protect their children with love, noting that when children were not loved they tended to seek love in the wrong places.

In her welcome, team leader for CDA's Clarendon office Francine Rhoomes lauded the parents for taking the time to learn about better parenting, explaining that the workshop was carefully tailored to help parents sharpen their parenting skills.

She urged them to take the message back to their friends and families.

FHC Branch Supervisor Ervin Ennis noted that everyone had to work together to ensure that the nation’s children were protected.

He said that FHC was committed to the cause and would continue to offer financial support to assist the CDA in carrying out its mandate.

Meanwhile, CDA’s social worker Antonette Brooks-Blake told the parents that trust between parents and children was important at all stages of the child’s development.

Parents were exposed to the six different types of child abuse: sexual, physical and emotional abuse, neglect, child labour, and child trafficking. They were also urged to make a report to the Office of the Children’s Registry if they knew or suspected that a child was experiencing any of these abuses.

One parent, Petra Allen, said what stood out for her was the importance of trust between her and her child.

“This is the most training I have received since becoming a mother and it has opened my eyes to being a better parent to my child,” she said.

Monday, July 06, 2015 | 12:52 PM - Jamaica Observer

Children’s Advocate, Diahann Gordon-Harrison, says Jamaican children are affected by violence of all types, as both victims and perpetrators.

“Children see violence in the home, in the community and in the school. It is in the local and international media, and it is in the way we exchange one to another, and in the way we go about our daily lives,” she said.

Mrs. Gordon-Harrison was addressing the First Heritage Co-operative Credit Union annual parenting session, on May 27, at the Knutsford Court Hotel, which was being held under the theme: ‘A Nation On A Mission…Parents In Action’.

Read more at jis.gov.jm


Change is always constant and must be welcomed for the opportunities they hold. In these harsh
economic times, it has become a staple for financial entities to fold under the demands of a changing
global climate and a difficult economic reality. Few financial agencies have been able to survive
the brutish environment without rethinking how they can deliver services to their customers cost
effectively. It was as a result of an effort to strengthen market position that a merger was undertaken
between two of Jamaica’s most renowned and viable credit unions. The product of two years of
negotiation between the boards and members of the Churches Co-operative Credit Union (CCCU) and
GSB Co-operative Credit Union, the newly created First Heritage Co-operative Credit Union Limited
(FHC), will officially launch on Wednesday, August 1st, 2012. The successor of two longstanding and
trusted entities, FHC will aim to exemplify a new, modern definition of credit unions to the Jamaican
public and stand as the largest open bond credit union in the country’s financial sector.

Established in 1971, CCCU boasts one of the largest credit union memberships in the island,
approximately 145,000 persons, and provides a wide range of products to its clientele including basic
savings options, pension funds and business loans. GSB Clerks Co-operative Credit Union was formed in
1944 and originally offered its financial services exclusively to government employees. Since then, GSB
has increased its membership to 28,000 and has broadened its banking portfolio to include a variety of
loans, family indemnity plans as well as health insurance coverage. Both credit unions have recorded
strong performances despite the prevailingly negative economic environment. During the period 2009-
2010, CCCU increased its portfolio by 11.3% and boasted an asset base of $4.3 billion, while GSB grew by
12% and had a total asset base of $2.5 billion. With the formidable financial histories of both institutions
as the guiding light for First Heritage, the entity will seek to create a new standard for doing business in

FHC’s interim board of directors, headed by President Orville Hill, embodies a wealth of knowledge
and experience in the commercial sector. Other members of the board include; First Vice President
Christopher Samuda, Second Vice President Michael Roofe, Treasurer, Balvin Vanriel, Assistant
Treasurer Michael Parker, Secretary Edmund Jones, and Assistant Secretary, Angela Ching. The
merger will offer enhanced opportunities for both companies to achieve economies of scale, offer
improved services and products to clients, attain greater levels of synergy, become a more effective
and competitive force, realize greater efficiencies and establish a best practices model in business

“CCCU and GSB have sought to provide benefits for all involved in the merger and will seek to maximize
the productivity of the new entity, while limiting the impact on staff and customers,” said Mr. Basil Naar,

Guided by the core values of reliability, team work, mutual respect, integrity, trust, responsiveness,
professionalism, technical competence and continuous improvement, FHC aims to provide superior
member care for its expanded client base of 165,000 individuals through 16 island wide locations
and a 24 hour call centre. To ensure all Jamaicans have access to FHC’s services regardless of income,
prospective members will be charged a minimal membership fee of JMD$500.00 and will be required to
purchase at least one permanent share currently valued at JMD$250.00.

In order to satisfy all the financial needs of its customers, FHC will offer a comprehensive range of 38
products including fixed deposits, micro and small business loans, salary advance loans, mortgages,
pensions, youth savings accounts, cambio services, motor vehicle loans, and investment instruments.
The organization will aim to provide innovative products through effective and efficient service delivery
while creating opportunities that will motivate team members and enhance the communities in which
it operates. FHC will look to effectively position itself as a leader in the business sector by developing
products that best serve the realities of its customers’ present day lives.. The new entity will also seek
to stand as a beacon in the Jamaican business marketplace and will also promote positive economic
growth and development within the wider society.

Small businesses will find it easier to raise equity when the newly formed First Heritage Co-Operative Credit Union (FHC) launches one of the island's first venture capital funds.

The fund, designed to help micro and small enterprises to get started and expand, is scheduled to open for business in 18 months.


Credit Unions usually set a portion of their surpluses aside for charity and to assist with community development. FHC will be the first to invest in businesses instead.

FHC, formed by the merger of Churches Co-operative Credit Union and GSB Co-operative Credit Union, was officially launched yesterday in an effort to create a stronger, more financially powerful institution capable of offering its members greater benefits.

"We have two strong credit unions with common objectives," said Orville Hill, FHC's president. "This is a true merger in the classical sense."

The new entity will boast a combined membership of more than 160,000 and an asset portfolio of $9 billion.

Credit unions have often merged over the past 20 years because one was weak, said Basil Naar, the chief executive officer of FHC. "In this merger, both credit unions were doing very well," he said.

The credit union will provide training and coaching for the companies that its venture capital fund invests in, Naar said.

"It's not just about money. It also has to do with supporting these small enterprises," he said.

Venture capital is normally sought during a business's early stages, especially when it is too small to get money from the capital markets or has trouble securing bank loans.

Although FHC will consider investing in any micro or small business, it will lean more towards those in the productive sectors such as agriculture and manufacturing, he said.

Those sectors need to be better funded, said Naar, who believes the FHC initiative will contribute to nation building. "More local producers mean more exports for Jamaica."

The share of the credit union's surplus that will go to the fund has not yet been determined, he said.

It will hold its investments until the businesses are marketable, then cash in and look for new companies to help. "Our plan is not get in the way of the business or entrepreneur. We will assist and get out of the way."

The merged co-operative will have 14 branches, one in every parish, and there will be no job cuts, he said. It will offer broader access to loans, and more products, such as a foreign exchange service.

The only retail financial service it will not offer is a chequing account, because it is not a member of the Bank of Jamaica Clearing House.

The new First Heritage Co-operative Credit Union (FHC) launched Thursday with an announcement that it plans to establish a venture capital fund.

FHC, which was created out of the merger of Churches and GSB credit unions, boasts a membership base of more than 165,000 and total assets of J$8.04 billion.

"The two credit unions were growing and progressing, but we decided that if we synergise and share the symbiotic relationship that we have then we would build a much stronger institution," said Basil Naar, chief executive officer of FHC.

Venture capital

Naar said FHC will now be the forerunner of the credit union movement, paving the way for a venture capital fund.

"We will now lead the change to revolutionise the credit union sector as we challenge the normal historic expectations of the credit union movement and we dear to go into uncharted waters," said Naar, who was formerly the general manager of Churches. Courtney Lodge, who was the head of GSB, will be his deputy.

"We will be the first credit union to open a capital venture fund system to assist small and micro entrepreneurs in starting businesses, we plan to put in the construct to begin the venture capital fund where the credit union will be an investor in the business of the member and in time we can go through the normal mechanism of initial public offering; but we are going to take a permanent position and assist the member because nation building is something which is foremost in our mind," said Naar.

FHC will offer a comprehensive range of some 38 products, including fixed deposits, micro and small loans, salary advance loans, mortgages, pension, cambio services and other investments.

"CCCU and GSB have sought to provide benefits for all involved in the merger and will seek to maximise the productivity of the new entity, while limiting the impact on staff and customers," said Naar.

Original Source

“Don’t sit down and talk about want a job. Government say job, job, job, it’s not there. You have to create your own. Find something and do something and you can achieve,” Rodney ‘Ruddy’ Bent recently declared.  “Ruddy”, as he is commonly called, operates a small business on Red Hills Road, serving his mouth-watering pan chicken. 

Recognizing that more jobs are created at the micro and small enterprise level, in comparison to large enterprise throughout the Caribbean, prompted First Heritage Co-operative Credit Union (FHC), Caribbean Broilers Group (CBG) and the Social Development Commission (SDC), to collaborate to host free business development workshops across the island. The workshops focused on teaching community residents how to fund, market and efficiently manage their small businesses. Included in each workshop were small business owners like Ruddy and Mark Stennett, who served as motivational speakers to share testimonials of their journey to business ownership.

At age 17, Bent found his way to Kingston from Clarendon in search of a man who promised him a job at his sawmill. But there was no job when he arrived. Too embarrassed to return home, which also lacked opportunities, Ruddy stayed in Kingston.

“I don’t have a father. A when me a 40-year-old mi know my mother. The way how mi grow me sleep unda tree. The insect dem a night time dem no bodda trouble me again because me just say dem nah bite me, because me no have nowhere to live,” an emotional Ruddy told the Kingston & St. Andrew South community residents. He identified the mango tree near the Grants Pen clinic as the place he used to call home. “Night top a night mi sleep under it. Me house that, mango tree,” he said shaking his head as he reminisced. “And mi never get miself in a wrong doing.” The room was silent.

From there Ruddy worked in construction before becoming a bus conductor. “Me go training school, boasy, have on me conductor ID pin pon mi shirt but the money couldn’t stretch. It never really a work out,” he said. In 1982, still struggling, Ruddy decided to try the pan chicken business having seen the success of others. “Mi start wid two chickens. Mi get a drum and get a welder build it for mi. I never even have money to pay him. I paid him in chicken,” Ruddy said. “All the work mi a do, it never pay off til mi start jerk chicken.”

Fast forward some 30 years and a CB Pan Chicken Championship later and Ruddy is one of the most famous pan chicken vendors in Kingston. “Mi now can cook over 100 quarters per night, school my kids dem from high school, to college to New York. Then I extend my business to another one, mi start to sell ground provision, yam and banana and all those things.” Ruddy told the audience he has purchased a car to operate a taxi, built his own home and is now assisting a niece in medical school, as well as other family members, all with the proceeds from his pan chicken business. He said the popularity he gained from entering the CB Pan Chicken Championships in which he placed second in 2012’s Eastern Regional, led to a listing in Redbook and numerous catering opportunities. 

“It hasn’t all been easy. You know business is up and down, you have to look out for that. You go out, rain fall and you don’t sell. Don’t give up, keep the fight. You have to fight for what you want in life. Never stop fight,” Ruddy encouraged. The community residents, obviously moved by Ruddy’s presentation gave a standing ovation as he exited the stage while persons close to him commended him with a handshake.  

“This is what it’s all about,” Alicia Bogues, CB Pan Chicken and Bad Dawg Sausages brand manager said. The workshops are not simply to empower the residents with the necessary tools to develop businesses, but to inspire them as well.  You can make it; you can succeed if you work hard at it. Neither myself nor Mrs. Richardson from FHC, could have touched or inspired these persons to dream as Rodney did.”

Speaking at the Kingston & St. Andrew North workshop, Mark Stennett told community residents he has been shot, robbed and cheated. “Police all make mi haffi run from mi jerk pan inna middle road. It rough but mi can send mi yutes go a school, give them lunch money an no haffi beg nobody. Gi dem a buss me never get,” he said.

Operating his business in Half Way Tree for more than 20 years, the soft-spoken Stennett said he became his own boss after the person who hired him to jerk paid him a counterfeit note he had collected while selling. Then, Stennett said, payment ranged from $1,000 - $1,500. Now, he hires persons to work for him. Also a winner in the 2010 and 2012 CB Pan Chicken Championship Eastern Regionals, Stennett described the business journey as rough but good. “Mi a come from nuttin inna de ghetto, ghetto. Nuff a mi fren dem dead off. Mi used to sell bottle. To see what mi come from, til somebody can see mi on the street and say see the number 1 pan chicken man inna town and recommend mi, it feel good.” 

Stennett encouraged the community residents: “Do something for yourself more than work for people. Try something.” 

Original Source


George Henry from Northern Caribbean University (NCU) is about to see his dream become a reality. The dream, 'Inventive Learner', which goes live for a trial run this month, is a social game-based-learning management system offering a modern twist to teaching.

Recognising that individuals learn differently, 28-year-old Henry is using 21st-century technology to ensure improved academic success in the classroom. But his own success, he partly attributes to the First Heritage Co-operative Credit Union's (FHC) $300,000 Entrepreneurship Grant, which has assisted him towards take-off.

FHC again set ablaze many persons' desire for self-growth at its 2015 awards ceremony held recently at the Knutsford Court Hotel, where the credit union issued a $300,000 business grant to Giovanni Maddix, owner of UBoards, an enterprise that produces paper-based whiteboards that are portable, lighter, and more flexible than the standard whiteboard.

"One of my goals on completing school was to have a business. Yet, I was certain that I didn't want to start with a loan. I was very driven to figure out how to secure equity capital in the business," Giovanni Maddix, winner of the FHC Entrepreneurship Grant, shared with guests at the ceremony.

Maddix outlined that his business was two years in the making. The business concept was based on the need to constantly adjust and amend his ideas based on feedback from experts as well as valuable feedback from Basil Naar, FHC's CEO.

"I can't explain to you the joy I feel when I talk with these young people and hear their business ideas, many of which have the potential to be million-dollar companies, but then I look around and realise that graduates leaving universities pursuing entrepreneurship have access to little or no funding. As a person passionate about young Jamaicans fulfilling their career aspirations, I decided that something had to be done, and so we instituted the FHC Entrepreneurship Awards Programme as far back as 2006. We pioneered the entrepreneurship thrust, knowing that entrepreneurship is instrumental in job creation and economic development," Naar said.

"This programme," Naar said, "supports FHC's mandate towards the quest of nation building and the growth of new SMEs while enhancing the welfare of its members and the communities in which the company operates."


"The entrepreneurship grant also equips us to build relationships with the youth, creating and sustaining membership

loyalty and revenue generation in the long term," Naar said. Since its inception in 2006, 28 grants have been awarded.

Brian Lumley, award-winning chef and guest speaker at the awards ceremony, shared with the audience where his desire to become an entrepreneur originated.

"Entrepreneurship came as second nature for me because (while) growing up, my mom, who worked at the airport at the time, used to sell gift baskets for Valentine's Day or Mother's Day just so that we could get a little bit of extra cash to spend at Christmas. So I had to mimic her. In college in my third year at HEART, I started my company, Foodie Focused Limited ... . If I knew then about one of these grants, this would have filled a gap, a huge void. Therefore, I commend FHC for providing a scholarship like this."

Also keen on youth development, FHC offers several

opportunities to secondary and tertiary students through the YOUTH Savings Programme as well as the annual FHC GSAT and Tertiary Scholarships. Additionally, FHC awarded 17 GSAT and tertiary scholarships at the ceremony to selected youth savers of the credit union who have maintained a minimum B average.

Vaniah Findley, Gizelle Mowatt, Leonette Headley, and Dayna Devonish were awarded the Renald Mason Scholarship instituted in honour of his stalwart contribution to the credit union movement; and Tameka Norman and Roje Dave Miller, the Oswald Thorbourne Scholarship, instituted in honour of the founder of Churches

Co-operative Credit Union for displaying leadership and community volunteerism, while maintaining a minimum 3.5 GPA.

Gizelle Mowatt, a full-time International University of the Caribbean media and communications student, shared her testimony: "We each have our personal struggles. These scholarships are more than just tuition, far more than just money. Many of us were on our last leg, desperate, but each filled with our dreams and still facing the obstacles of insufficient finances. The FHC Foundation has given us hope, a reignited commitment to excellence, and the will to be a blessing to others."

This year, the FHC Foundation awarded grants and scholarships to students who excelled at the highest levels while vowing to continue its efforts in the years to come.



GSAT scholarships:

Shenoya Brown, Kiona Baxter, Zantaye Williams, Anthea Thompson, Marc Arbouine, Antoine Dallas, Celine Nicholson, Alliyah Windross, Peta-Gaye Taylor, Abeo Antoinette Hinds, and Peta-Kaye Tucker


Renald Mason Scholarship: Vaniah Findley, Gizelle Mowatt, Leonette Headley, and Dayna Devonish

Oswald Thorbourne Scholarship:

Tameka Norman and Roje Dave Miller



Giovanni Maddix, owner of Uboards

About Us


On August 1, 2012, Churches Co-operative Credit Union and GSB Co-operative Credit Union merged to form the new entity First Heritage Co-operative Credit Union Limited (FHC). This decision culminated the process of discussions that began in October 2010 when the idea of the amalgamation of the two Credit Unions was born.


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