A Credit Union is an association of people who unite and pool their financial resources to own and control a financial organization. This organization provides financial services to meet their common needs, including loans at low interest rates. As a co-operative, the members who are the owners elect committees to oversee the operations of the credit union on their behalf.

The UWI (Mona) & Community Co-operative Credit Union Ltd. is one of approximately forty-four (44) credit unions in Jamaica. We were registered as a financial co-operative in June 1954 to provide financial services. In 1992 a merger was undertaken with its neighbouring University Hospital Staff Credit Union and in 1997 this bond was extended to the surrounding communities allowing individuals who live and work within these areas to become members.
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The credit union operates within a 'common bond', where it serves the employees and students of the University of the West Indies, the employees and students of the University of Technology, the students and employees of the University Hospital of the West Indies as well as their relatives along with all other individuals who live and work in the surrounding areas and their relatives (as described in the Credit Union's Rules).

At the turn of the millennium, The UWI (Mona) & Community Co-operative Credit Union Ltd. sought to broaden its reach by establishing a branch, at the University of Technology, Jamaica. The UWI (Mona) and Community Co-operative Credit Union Ltd. now boasts and asset size of over $1.6B though it started with only 2 shillings.

Included in our list of services are share accounts, deposit accounts, fixed deposits, mortgage, personal and business loans, debit cards, internet banking and money transfers.