About Victoria Mutual

The Victoria Mutual Group

The Victoria Mutual Group operates on the principles of "Mutuality" and is made up of a network of financial and other related services provided through our four member and affiliated companies aimed at meeting all the financial needs of our Members and clients. Our suite of products and services includes savings, mortgages, wealth management, money transfer, real estate and general insurance.

Our History

In 1878, Rev. G.W. Downer, Rector of Kingston Parish Church and a group of clergymen, founded The Victoria Mutual Building Society (VMBS), an institution built on strong values and principles and designed specifically to "meet the needs of the deserving thrifty". Their vision was to find a way to partner with industrious, but financially excluded Jamaicans to assist them to save and acquire homes. The objective then, as it remains today, was to fund a mutual financial institution that would enable Jamaicans, who would not otherwise have access to financing, to achieve the goal of becoming proud homeowners.

VMBS opened its first branch in Kingston and the Society has since expanded its branch network to a total of 15 branches in Jamaica and representative offices in the United Kingdom, Canada and the United States of America.

In order to create additional value and keep abreast of the constantly changing needs of its Members, VMBS has expanded its product offering beyond the traditional Savings and Loans to include Wealth Management, Money Transfer, Real Estate Services, General Insurance and Individual Retirement Solutions. These are offered through its Strategic Business Units Victoria Mutual Wealth Management Ltd. (VMWM), Victoria Mutual Money Transfer Services (VMTS), Victoria Mutual Property Services (VMPS) and affiliate companies British Caribbean Insurance Company (BCIC) and Prime Asset Management Ltd.

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