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PMC Industrial & Provident Society
Thursday, 30 October 2003
Children's Savings Club
This Club is opened to children of Portmore Missionary Church and Preparatory School.

1. Member must be student of Portmore Missionary Prep. School or such school as will be determined from time to time by the Committee of Management of the PMC Industrial & Provident Society.

2. Students can open an account with $10.00 plus a cost of $5.00 for passbook.

3. A Savings Day will be named, when all savings will be collected and the passbook updated and returned to the student by the following day.

4. Interest at the rate of 8% will be paid at the end of December 2002 based on the monthly minimum balance. The rate is subject to review annually by the Management Committee.

5. Parents/Guardian will be made joint holder of the account. They may borrow on behalf of their children for educational purposes.

6. Student may remain a member after graduating from this school.

7. Students will not be able to borrow on their own until they attain the age of 18 years.

8. Students may withdraw upon written request of the Parent/Guardian

9. Students shall not have voting rights10.

After age 12, students may purchase shares and transfer funds to Regular account, allowing such member to have voting rights

A? An incentive is to be given at the end of each year

Posted by pmcja at 3:48 PM EST
Location & Opening Hours
The office is located in the Administrative building at Portmore Missionary Church,
114 Cecile Avenue
Edgewater
St. Catherine
Jamaica

We are opened for business 3.00 p.m. ??" 7.00 p.m. Mon., Wed., Thur. and Fri. Tuesdays 1:00 p.m. to 7:00 p.m

Posted by pmcja at 3:41 PM EST
Updated: Thursday, 30 October 2003 3:43 PM EST
Who manages the Society?
- A Management Committee consisting of 13 members, who meet once monthly.
- A Credit Committee consisting of 5 members who currently meet once monthly, and as is necessary.
- An office manager

Posted by pmcja at 3:37 PM EST
What are the requirements for opening an account?
- Purchase of shares @ $5.00 each to a maximum of 80 shares or $400.00 and acceptance to membership at the next meeting of the Management Committee.

- Registration Fee of $1.00

- Savings

Posted by pmcja at 3:36 PM EST
Updated: Thursday, 30 October 2003 3:39 PM EST
Who qualify to become a member?
Members and Adherents of all Missionary Churches, relatives of members & members of churches of the Portmore Ministers Fraternal.
Children of Portmore Missionary Church and Preparatory School are welcome to join or Savings Club.

Posted by pmcja at 3:31 PM EST
About Us
PMC Industrial & Provident Society is a Limited Liability Company formed in July of the year 2000 to encourage thrift among members and adherents of Portmore Missionary Church and to create funds for lending for business purposes and other needs.

Posted by pmcja at 3:27 PM EST
Updated: Thursday, 30 October 2003 3:40 PM EST

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