Caribbean Microfinance Alliance

COK Sodality Cooperative Credit Union Limited

Institution Contact Details
Name of Institution COK Sodality Cooperative Credit Union Limited
Postal Address 66 - 70 Slipe Road, Cross Roads, Kingston 10
Country Jamaica
Telephone (876) 960-4226
Fax (876) 968-3715
Email contactus@cokcu.com
Website Address www.cokcu.com
Skype N/A
Contact Persons Mr. Hopeton Morrison, Consultant
Ms. Vevine Cameron, Credit Manager
Category Of Membership Application Microfinance Provider
General Institutional Information
Current Legal Status Credit Union
Objectives To offer savings, investment and loan products and services at competitive rates for the benefit of our membership.
Brief History COK Sodality is the largest credit union in the English speaking Caribbean in terms of membership which comprise over 240,000 persons. COK has a bond that requires a belief in Jesus Christ as Lord and Saviour. It is therefore able to serve members across the entire island through its 5 branches, a multi service call centre and 3 ATM's. COK also serves Jamaicans in North America, the UK, Grand Cayman and other parts of the Caribbean. The credit union also owns a remittance company and operates a Cambio. COK has been a trendsetter with one of its latest feats being a $300M Deferred Share Offer in 2011 which was oversubscribed by the deadline date. This was the largest sum raised by a credit union from the market.
Ownership Member owned
Microfinance Operations COK officially commenced Micro Lending in July 2011 and now has a portfolio valued at $41.76M.
Main Funding Sources COK's capital
Main Challenges - MIS limitations in the administration of micro looans
- Establishing credit history for prospects
- Informality of the micro sector
Other Networks None

We represent the interests of our members and their clients

We are the voice for the Caribbean Microfinance industry