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Deposits and Special Savings: Can be deposited or withdrawn on a daily basis (office hours).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	Risk based	10,000.00
Education	Risk based	75,000.00
Medical	Risk based	75,000.00
Business	Risk based	75,000.00
Housing Assistance & Real Estate	Risk based	500,000.00
Household Furnishings	Risk based	15,000.00
Vehicle	6.5% of the original value of the loan in unencumbered savings	150,000.00
Cooperators General Insurance Premiums	Risk Based	10,000.00
Other Categories	Risk Based	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.