The JPS Employees Co-operative Credit Union Limited was registered on March 16, 1956 and was among the first credit unions to be established in Jamaica.  The entity was formed from a Provident Club which was run by Jamaica Public Service Company Ltd. (JPS Co.) out of a genuine need to provide financial assistance to employees at reasonable rates of interest.  Employees would contribute to this fund through payroll deductions, the Company would manage the funds which would be given to employees at Christmas time.   The Credit Union started with forty seven (47) members.  By the end of the first year of its existence, the Credit Union had 71 members with shares amounting to 1,570 Pounds.