SAVINGS:
Permanent Shares: Minimum of $100.00, with dividends approved by the membership at the Annual General Meeting.
Share Savings: Interest is calculated on a minimum monthly basis and is credited quarterly.
Deposits and Special Savings: Can be deposited or withdrawn on a daily basis (office hours). Interest is calculated on a minimum monthly basis and is credited quarterly.
Tuition Savings: Interest is calculated on a minimum monthly basis and is credited quarterly.
LOANS:
Loans: loans for provident and productive purposes are made to members. Sample categories are:
CATEGORY |
LOAN SHARES RATIO |
MAX. LOAN($) |
Lines of Credit |
|
10,000.00 |
Education |
|
75,000.00
|
Medical |
|
75,000.00
|
Business |
|
75,000.00
|
Housing Assistance & Real Estate |
|
500,000.00
|
Household Furnishings |
|
15,000.00
|
Vehicle |
6.5% of the original value of the loan in unencumbered savings
|
150,000.00
|
Cooperators General Insurance Premiums |
|
10,000.00
|
Other Categories |
|
Available on request
|
|
Please contact the office for more details on these services.
IMPORTANT INFORMATION - ONLINE TRANSFERS
|
Dear Member,
You can use your online banking facility to transfer funds and make payments to your Credit Union account using either Royal Bank (Barbados) Limited or Republic Bank (Barbados) Limited.
For further details, please contact the Credit Union at 417-4716.
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