Victoria Mutual began operations with The Victoria Mutual Building Society which was first opened its doors in 1878. Our founders, a group of Clergymen, led by then Rector of the Kingston Parish Church, Reverend G.W. Downer, formed The Victoria Mutual Building Society (VMBS) with a vision of “meeting the needs of the deserving thrifty”. VMBS’ founding fathers had a goal of finding a way to partner with industrious, but financially excluded Jamaicans, to assist them with savings and home acquisition.
Recognizing that the needs of its members have continued to change over the years, Victoria Mutual has sought to remain abreast of these changes, with a view to ensuring that its product and service offerings remain relevant and meet the needs of Members and customers. This has resulted in the expansion of its service offerings beyond the traditional savings and loans to include wealth management, money transfer services, real estate services and general insurance through our strategic business units.
The Victoria Mutual Group encompasses a network of financial and other services through its member companies: The Victoria Mutual Building Society (VMBS), Victoria Mutual Wealth Management Limited (VMWM), Victoria Mutual Property Services Limited (VMPS), Victoria Mutual Money Transfer Services (VMTS), Prime Asset Management and our strategic partner British Caribbean Insurance Company (BCIC) .
Together the Victoria Mutual Group of Companies provides a suite of products and services that includes:
- Savings and Deposits
- Loan Options
- Foreign Exchange Trading
- Residential and Commercial Mortgages
- Wealth Management and Investment Services
- General Insurance
- Real Estate and Property Services
- Money Transfer Services
- Pension Fund Investment Management
- Pension Fund Administration
- Pension Consultancy