KINGSTON, Jamaica — In a significant move to support its members affected by Hurricane Melissa, First Heritage Co-operative Credit Union Limited (FHC) has introduced a three-month moratorium on loan payments. This initiative underscores the credit union’s dedication to its foundational principle of ‘People Helping People.’
Xavier Allen, CEO of FHC, emphasized the organization’s commitment to its members during challenging times. ‘Our members are our priority. This moratorium offers much-needed relief, enabling them to focus on rebuilding their lives and livelihoods,’ he stated.
Eligible members can defer their loan payments for up to three months by contacting their branch representative, completing a moratorium request form, and providing a brief description of the hurricane’s impact, along with any supporting documentation.
In addition to the moratorium, FHC, in collaboration with its subsidiary, FHC Investments, has launched a donation drive. The initiative encourages staff, members, and the public to contribute non-perishable food items and essential supplies to aid national relief efforts. Drop boxes have been strategically placed across FHC branches to facilitate donations.
FHC is also contributing to the Credit Unions of Jamaica’s relief efforts, providing both financial and material support. On November 8 and 9, FHC team members will deliver care packages to severely affected communities in St Elizabeth, Westmoreland, Trelawny, Hanover, and St James.
Michelle Tracey, Assistant General Manager of Marketing Communications and Member Experience, highlighted the initiative’s alignment with the credit union’s ethos. ‘This effort embodies our core belief in community support and reaffirms our role as a reliable financial partner in all circumstances,’ she said.