At a glance
What the Rules cover
I
Name & Objects
Who we are and why the Society exists.
II
Membership
Eligibility and the common bond.
III
Shares & Liability
Member equity, deposits and limited liability.
IV
General Meetings
How members exercise control.
V
Board & Committees
The elected governance bodies.
VI
Loans
Fair lending back to members.
VII
Surplus & Dividends
Reserves and member returns.
IX
Amendment
Disputes, changes and dissolution.
Articles
IName, Office & ObjectsIIMembership & Common BondIIIShares, Deposits & LiabilityIVGeneral MeetingsVBoard of Directors & CommitteesVILoans to MembersVIISurplus, Reserves & DividendsVIIIMember Rights & ResponsibilitiesIXDisputes, Amendment & Dissolution
Read the full text
This page summarises the by-laws. The registered Rules document is the authoritative version.
Download PDF ↓Establishes the Society as Manchester Co-operative Credit Union (1977) Limited, its registered office, and the purpose for which it exists.
Registered under the Co-operative Societies Act as a credit union with limited liability.
Its object is to promote thrift among members, create a source of credit at fair and reasonable rates, and provide the opportunity for members to use and control their own money for their mutual benefit.
The Society may offer savings, loans, and related financial services consistent with co-operative principles.
Regulatory framework
How MCCU is governed
MCCU operates within a layered framework of law, regulation and member-approved by-laws, ensuring the Society is run transparently and in members’ interests.
Co-operative Societies Act
The primary legislation under which every Jamaican credit union is registered and operates. It sets the legal foundation the Rules must comply with.
Registrar & Regulator
The Department of Co-operatives & Friendly Societies registers the Society and its Rules, and oversees compliance in members’ interests.
JCCUL & Movement
As part of the Jamaica Co-operative Credit Union League, MCCU adheres to shared standards, stabilisation arrangements and the international co-operative principles.
