LASCO Financial Services Limted (LFSL) will be expanding their MoneyGram agency network with the announcement of their latest partnership with the First Heritage Cooperative Credit Union (FHC). First Heritage is the largest credit union in Jamaica with 160,000 members and a vast network of 11 locations which will now be added to LASCO Financial Services’ over 100 agent locations to widen LASCO Financial Services’ reach and offerings to the needs of FHC customers, members and shareholders.
Mrs. Beverley Douglas, Deputy GM, Remittance Services of LASCO Financial Services Limited, explained that the similarity of the vision shared by both institutions, i.e. to serve and empower the average Jamaican through financial services and products suitable to their everyday needs, was a catalyst for the partnership.
“It gives me great pleasure to welcome First Heritage Credit Union Limited into the LFSL network. We admire their attentiveness to their customers in general and the emphasis which is placed on empowering the average Jamaican through financial services and products. We believe this partnership will bring great value to both institutions as we seek to provide some of the same products and services thanks to our shared vision of affordability and empowerment,” said Mrs. Douglas.
Mrs. Maria Morrison, Chief Operating Officer of the First Heritage Cooperative Credit Union spoke with pride of the partnership while postulating the importance of creating and maintaining relationships in business growth.
“First Heritage Cooperative Credit Union is proud to have partnered with LASCO MoneyGram. We believe in stakeholder partnerships; building and sustaining relationships is the pathway to generate growth in businesses. With this relationship, our members and the general public will benefit from the flexibility and convenience to conduct money transfer services throughout our retail network of 11 branches island-wide. At First Heritage, we study our members’ behaviour and match those needs accordingly. Member loyalty is important to us and value added services such as the LASCO’s Remittance Service will be beneficial to our members both locally and internationally,“ said Mrs. Maria Morrison.
LASCO Financial Services Limited, a member of the LASCO Affiliated Companies, began its operations in 2004, forming a strategic partnership with MoneyGram International. Driven by their similar values, such as maintaining low transactions fees, bringing loved ones closer through sending or receiving money and providing excellent and convenient service to its customers, the partnership has flourished. By February 2009 the company received the award for ‘Top Remittance Agent’ and in 2014 improved that to the Caribbean Agent of The Year.
In October 2010, LASCO Financial Services Limited was listed on the Jamaica Stock Exchange (JSE) Junior Market as a publicly traded entity. In both 2012 and 2013 LASCO was named the 2nd Runner-Up for the best performing company on the Junior Market. The company recently became the authorized distributor of Huawei devices and these are currently being sold in a pilot project at 8 of the over 100 agent locations.
LASCO MoneyGram is focused on providing continued innovative, customized and efficient money transfer services to its customers, in reliable and convenient locations island-wide. These funds are essential to the livelihood of many Jamaicans. Over US$2 Billion is remitted annually to Jamaica.