|
|
|
| |
| Additional information |
| |
| Jamaica National Building Society (JNBS) |
| |
| |
Mission statement:
We are a mutual organization satisfying our members and customers with a competitive range of savings, mortgage loans, financial and other services, directly and through our subsidiaries. |
|
 |
|
Overview:
Our Values
The success of the Jamaica National Building Society is dependent on a set of core values, which relates to our dealings with our customers, colleagues, members, suppliers, regulators and the communities that we serve. We are committed to the highest ethical standards, integrity, respect for all and excellence in all we do.
Customers
We will provide innovative, high value products and services delivered in a courteous, swift, accurate and personalized manner that meet or exceed our customers' needs.
Staff
We will create a safe working environment that fosters opportunities for meaningful, challenging and rewarding work, and the empowerment of all staff. We will encourage open communication and team work throughout the organization. We are committed to being an equal opportunity employer and to staff advancement and competitive compensation, which is based on consistently excellent performance.
Members
We are committed to preserving capital, providing competitive returns and representing the interests of members. We will seek opportunities to provide services and benefits that are exclusive to our members and will encourage their participation in charting the direction of their building society.
Suppliers
We will honour our agreements and treat our suppliers fairly and will ensure that mutually rewarding relationships are fostered as we seek to obtain the best competitive advantage.
Communities
We will be a good corporate citizen, respected and admired as much for our integrity, insight and progressiveness, as for our financial success. We will take an active interest in the communities, in which we serve and will encourage our staff to do likewise.
Regulators
We will know and comply with the letter and spirit of all relevant laws and regulations governing our operations in those countries, in which we operate and keep the regulators informed about key issues relating to our business.
|
|
|
|
Vision:
We are the premier provider of financial and other services, not only in Jamaica, but with certain products internationally. We are the institution of first choice against which other financial institutions in Jamaica are benchmarked.
Our image of excellence, trustworthiness and high standards is clearly etched in our philosophy and values, and reflected in the treatment of members, customers and the community. We have attained full mission, vision and goal congruence within JNBS and its subsidiaries.
We are an organization enabled by cutting-edge technology, which allows us to deliver superior products and excellent service quickly and efficiently resulting in true customer satisfaction. Our products and services are delivered through all channels.
We have a working environment, which keeps staff happy and motivated. All the members of our team are knowledgeable and well qualified. Our staff members understand the JNBS philosophy and are committed to excellence in all areas of their work especially in the delivery of customer service.
We have established a clear understanding of the value of membership in the Society. The many special benefits that accrue to our ever-expanding group of loyal members have validated the concept of mutuality. We are well positioned to approach the future with confidence and continue to be vigorous participants in the development of Jamaica. |
|
|
|
History:
From as early as 1867, the concept of the Building Society was introduced to Jamaica to assist working and middle class people in realizing their dream to own their own home. In the ensuing years, a number of Building Societies sprung to life and in the year 1865, an Act for the Regulation and Encouragement of Benefit Building Societies was passed.
The Jamaica National Building Society (JNBS) is the product of a series of mergers pioneered by the Westmoreland Building Society. Today, Jamaica National is ranked among Jamaica's largest financial institutions offering a blend of financial services and mortgage plans to customers living in Jamaica, the United States of America, the United Kingdom, Canada and The Cayman Islands.
In this article, we trace its roots, beginning with the Westmoreland Building Society from which it sprang.
On Thursday, August 13, 1874, the Westmoreland Building Society held its first Directors’ Meeting. The Reverend Henry Clarke, Founder and first Chairman, presided. In 1967, the Society entered a period of expansion by absorbing the Manchester Mutual Benefit Society, building new offices in Savanna-la-Mar and establishing branches in Santa Cruz, Mandeville, May Pen and Kingston, linking them all by radio-telephone.
The Westmoreland Building Society stands as a pioneer in Building Society mergers in Jamaica beginning with its merger with the Manchester Mutual, and followed by its association with the Central Building Society in Christiana. By this, the Society was given the confidence and experience to be party to the mergers, which took place in December 1970, uniting the St. James Benefit, the St. Ann Benefit and the Brown’s Town Benefit Building Societies.
The St. James Benefit Building Society, founded in 1874 but incorporated in 1901, began modestly as a penny savings bank for members of the congregation of the Reverend Cork, its founder.
The Brown’s Town Benefit Building Society was the “baby” of the merging societies, having been founded only 74 years before in 1896. Its founder, Mr. A. H. Allwood, a solicitor by profession, started the Society with a desk in his own office where people, including little children, encouraged to save, came to deposit their pennies.
Following this early spate of mergers, which culminated in the formation of the JNBS in 1970, the St. Thomas Mutual Building Society, founded in 1897, formally merged its assets with that of the JNBS in September 1976. The Jamaica Permanent Building Society established in 1878, merged with the JNBS in 1977 and finally in 1983, the St. Mary’s Benefit Building Society established in 1915, merged with the JNBS. The final two acquisitions were Hanover Benefit Building Society in 1996 and Jamaica Savings and Loans Building Society in 2001.
Over 130 years of steady growth has led the JNBS to be the entity it is today and its success can be attributed to the men of caliber who, over the years, were prepared to see beyond parochialism towards the creation of a unit, better able to compete to fulfill its obligations. |
|
|
|
|
|
|
|
 |
|
 |
|
|
