Hibbert Anderson, the newly minted chief executive officer (CEO) of the TIP Friendly Society, is working towards delivering on the strategic goals of benefiting its members in a year characterised by disruption.

Anderson took over the role from previous CEO Wilton South on January 1 after previously leading as TIP’s chief financial officer (CFO) with oversight for the Finance and Accounts, Member Accounts Processing and Delinquency Management teams. The experienced financial executive will now be working to execute on building up the Society via its strategic plan while addressing the impact that has come from the recent passage of Hurricane Melissa.

“The five-year strategic plan started from last year [2025]. It is a collective effort between our managers, staff and board in order for us to try and meet our targets that [are] contained in the strategic plan,” Anderson said in a recent interview.

The TIP Friendly Society is a non-profit insuring society for everyone employed in the education sector. This extends not only to teachers, but also the groundsmen who work on cleaning up the schools, but also persons who work at the Ministry of Education. The co-operarative has grown over the last 28 years to support more than 26,000 members who make up the $5.48-billion loan portfolio.

With the western membership feeling the pinch from Hurricane Melissa, Anderson noted that the Society was finalising measures on payment moratoriums which would allow for a payment freeze for a short period of time while seeing how they can assist members on a case-by-case basis.

“We have taken on an initiative to assist those who have suffered badly. We were able to put together about 300 care packages and half of that went to the Northern side of the island. Hanover, Trelawny, St James at one point and in the next instance, we went to the southern side of the island down by Westmoreland,” Anderson added.

The Society offers a range of savings products along with a wide range of loan products to assist with the varying needs of its members. It also offers life insurance products to its members to assist with life’s unexpected moments. According to its 2024 annual report, the Society intends to be a broker of general insurance products to its members who purchase vehicles from it.