The 1960’s and 70’s
A memorable event of the first year was the granting of the first loan of $100.00 to Mrs Edith Monceaux of the Customs Department.
The first year’s end saw total membership increase to 108 and a share capital of $2,492.00.
In the early 1960’s, the Alstons Credit Union received a great membership boost with the introduction of members from Carib Brewery, Carib Glassworks, Tugs and Lighters and General Contractors, and Trinidad Clay Products in Longdenville.
The next major milestone was in 1969 when Alstons Limited was the subject of a take-over bid by a British businessman, Mr Oliver Jessell. The Company with Sir Errol Dos Santos at the forefront was able to resist this take-over bid with the help of the then Prime Minister, the late Dr Eric Williams and the subsequent introduction of the Aliens Land Holding Act.
After this event, in September 1969 Charles McEnearney & Company Limited made a successful bid to take-over Alstons Limited and this merger brought a new membership base to the Credit Union, now called the McEnearney Alstons Credit Union (McAL), encompassing employees of McEnearney & Company Port of Spain, San Fernando, Tobago, McEnearney Electrical, McEnearney Business Machines (MBM), Trinidad Distributors Limited (TDL), Burmac, and Amalgamated Industries – the motor car assembly Plant in Arima.
The increase in membership caused the Credit Union to employ full time staff and its office was moved from 69 Independence Square (Alstons Head Office) to 76A South Quay, Port of Spain.
The first full-time Secretary/Manager was Mr Vincent Donatien in 1968 followed a year later by Mr Jose Salazar who served the Credit Union with great distinction for 22 years. Some of our other dedicated Secretary/Managers’ were Mr Richard Halfhide, Mrs Sharon Andrews-Parris, Mr Keith Wood, Ms Claudia Charles, Mr Victor Lutchman and Mr Brian Tangwell. Our present General Manager is Mrs Beverly Williams Young.
Another highlight during the 1960’s and 70’s was the physical appearance and verbal contribution of Mr Wilfred Job from Tugs and Lighters at our Annual General Meetings. The members looked forward to Mr Job taking the Board and Committees to task, in a most vociferous manner.
It was said that to have a large turn out at our AGM, just make sure Mr Job would be there. He was also one of the first proponents that the Credit Union should own its own building for its offices.