In a significant development for Trinidad and Tobago’s education sector, the Trinidad and Tobago Mortgage Bank (TTMB) has forged a strategic alliance with the Trinidad and Tobago Unified Teachers’ Association (TTUTA) through a formal Memorandum of Understanding. The agreement, finalized on January 8, establishes preferential financial arrangements for the union’s 11,000 members, encompassing special mortgage rates and additional benefits specifically designed for education professionals.
The ceremonial signing witnessed participation from key representatives including TTUTA President Crystal Ashe, Treasurer Dillon Harracksingh, and TTMB’s Acting CEO Brent Mc Fee. Both institutions articulated their commitment to enhancing the socioeconomic standing of educators through this collaborative initiative.
This partnership framework guarantees equitable access to tailored financial products, housing opportunities, and educational resources for TTUTA members. The arrangement aligns with TTMB’s broader mission to promote financial literacy, facilitate generational wealth accumulation through property ownership, and bolster support for the nation’s workforce.
Mc Fee emphasized the symbolic importance of the agreement, stating: ‘This covenant demonstrates TTMB’s dedication to serving the educators who mold our future generations. Our collaboration with TTUTA reinforces our commitment to creating substantive opportunities that both empower individuals and strengthen community foundations.’
The MOU represents TTMB’s continuing expansion of institutional partnerships with major organizations, consolidating its position as a pivotal contributor to national development and community advancement initiatives across Trinidad and Tobago.