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Credit Committee 

The Credit Committee consists of 5 members who help to make decisions on applications received through observance of loan policies. This team of volunteers is instrumental in assisting and providing a measure of direction to the credit department.
 

RULES AFFECTING THE CREDIT COMMITTEE

CREDIT COMMITTEE AND CREDIT SUB–COMMITTEES

1. The Credit Committee shall be elected at the Annual General Meeting of the Society and shall consist of not less than three and not more than five members, all of whom shall be members of the society. Each member shall hold office until his successor is elected and shall be eligible for re-election.
2. Election to the Committee shall be held in such a manner that the terms of office of not more than a bare majority of the members shall expire at the same Annual General Meeting.
3. At the First Annual General Meeting a bare majority of members constituting the Committee shall be elected for a term of two years, and the others for a term of one year. Whenever the number of members of the Committee is increased, one-half of such additional members shall be elected for two years, and one half for one year. Thereafter, the term of office for the Committee members shall be for two years.
4. Each year at their first meeting after elections members of the Credit Committee in consulation with the Board of Directors shall appoint in each Division or Parish a Credit Sub-Committee consisting of not more than three members all of whom shall be members of the Society. Each member so appointed shall serve on the Credit Sub-Committee until his successor is appointed and shall be eligible for re-appointment.
5. It shall be the duty of the Credit Sub-Committees to advise the Credit Committee on loan applications, and to give such other assistance to the Board of Directors or the Credit Committee as may be required from time to time.

Credit and Credit Sub Committees – Duties of Chairman and Secretary

1. The credit committee and the credit sub-committees shall each choose from their numbers a chairman and a secretary, which offices may not be held by the same person.
2. The Secretary of the Credit Committee shall prepare and maintain full and correct records of all action taken by the Committee and shall notify all remaining officers, members of the Board of Directors, and members of the credit and supervisory committees, whenever an Officer, member of the Board of Directors or member of the Credit Supervisory Committees applies for a loan in excess of his share holdings.

As taken from the Rules of the Jamaica Police Co-operative Credit Union Limited.