– Chairman, Richard Samuels encourages youths to become shareholders

ON Tuesday September 3, 2019, the Amalgamated Transport & General Co-operative Credit Union Limited (AT&GCCU LTD) held a thanksgiving ceremony at its Urquhart Street location celebrating its 60th anniversary and the distribution of bursaries to the young shareholders.
Several youths, who recently wrote the National Grade Six Assessment (NGSA), were awarded certificates and bursaries at the ceremony.

In his feature address, the chairman of Amalgamated Transport & General Co-operative Credit Union Limited, Richard Samuels, expressed immense gratitude towards the members and staff of the union who were in attendance.

“Today is an auspicious day; I am honoured to be here to celebrate with you the 60th anniversary of the Amalgamated Transport credit union. I encourage you all to invite others. Get your children, grandchildren and great grandchildren involved so that we can continue to build this organization,” he said.

Glyniss Beaton a member and director of the credit union explained the importance and benefits of joining the credit union. She said “I have a daughter in the credit union for 23 years and a son who is 18 years in the credit union. I am encouraging parents to get your children involved with the credit union as it benefits them in the future.”
Ms. Beaton further explained that having children involved in the credit union provides them with stability and a sense of responsibility as they prepare to further their education at the secondary and tertiary levels.

In 1959, four employees of the Transport and Harbours Department who were also members of the Union formed the Amalgamated Transport & General Co-operative Credit Union Ltd. Those persons saw the exploitation of their workers, not only in wages and salaries, but also by popular and unscrupulous moneylenders.

This manner of exploitation aroused social consciousness in the minds of those four employees; hence the Amalgamated Transport 8L General Co-operative Credit Union Ltd was formed.

The Credit Union was registered on the 3″ September 1959 under section 6 of the Co-operative Society’s Ordinance Chapter 88:01.

In the year 1970, the Credit Union welcomed employees of the National Insurance Scheme; in 1972 Guyana National Printers and Guyana National Newspapers also became affiliates.
In the year 1973, the Ministry of Housing and Reconstruction and Georgetown Sewerage &Water Commissioners became members. Other employees welcomed into the society over the other years were Bank of Guyana, Go-Invest, G.C.I.S., Guyoil, National Parks Commission and others.