{"id":31,"date":"2022-11-03T10:32:55","date_gmt":"2022-11-03T14:32:55","guid":{"rendered":"https:\/\/www.cavehill.uwi.edu\/creditunion\/benefits-en-2\/"},"modified":"2026-10-09T17:49:58","modified_gmt":"2026-10-09T21:49:58","slug":"benefits-3","status":"publish","type":"page","link":"https:\/\/www.cavehill.uwi.edu\/creditunion\/benefits-3\/","title":{"rendered":"Benefits"},"content":{"rendered":"<div class=\"container-fluid page-wrapper\">\n<section>\n<div id=\"dept_content\">\n<div id=\"sub_content\" class=\"bodytext\">\n<div class=\"lc-block\">\n<div editable=\"rich\">\n<h1 class=\"page-header\">Benefits <\/h1>\n<\/p><\/div>\n<\/p><\/div>\n<div>\n<div class=\"lc-block\">\n<div editable=\"rich\">\n<h3 align=\"left\"><img decoding=\"async\" alt=\"Benefits\" src=\"https:\/\/www.cavehill.uwi.edu\/wp-content\/uploads\/sites\/90\/Images\/Benefits\/Benefits.jpg\" style=\"width: 1044px; height: 283px;\"><\/p>\n<\/h3><\/div>\n<\/p><\/div>\n<div class=\"lc-block\">\n<div editable=\"rich\">\n\t\t\t\t\t\t\tAs a Credit Union Member:<br \/>\n\t\t\t\t\t\t\t<strong>You<\/strong> become part owner of a financial institution.<\/p>\n<p>\t\t\t\t\t\t\t<strong>You<\/strong> are entitled to exercise your democratic right by casting your vote at election or being elected to any one of the committees that run the organisation.<\/p>\n<p>\t\t\t\t\t\t\t<strong>You<\/strong> can access credit in the form of loans at affordable interest rates.<\/p>\n<p>\t\t\t\t\t\t\tWhen <strong> you<\/strong> borrow from a credit union, your savings remain intact so that while you pay your loan, your savings continue to grow. We call this wealth creation.<\/p>\n<p>\t\t\t\t\t\t\t<strong>You<\/strong> have the convenience of saving by payroll deduction.<\/p>\n<p>\t\t\t\t\t\t\t<strong>Your<\/strong> savings are covered by the Mutual Benefits Plan (MBP).&nbsp; In the event of your death your beneficiaries are entitled to Life Savings &#8211; Death Benefits up to a maximum of $25,000.00 based upon the amount of your savings.&nbsp; A funeral benefit up to a maximum of $3,000.00,&nbsp;based upon your savings, is payable in the event of death. <strong>(Age restrictions and other conditions apply.)<\/strong><\/p>\n<p>\t\t\t\t\t\t\t<strong>Your<\/strong> family\/beneficiary is protected against hardship in the event of death, through the Loan Protection Benefits up to a maximum of $600,000.00. The loan of a deceased member is automatically written off up to the maximum stated. <strong>(Age restrictions and other conditions apply.)<\/strong><\/p>\n<p>\t\t\t\t\t\t\tIn the event of temporary disability, e.g. sprain\/broken limbs, the loan is repaid for <strong>you<\/strong> for three months up to a maximum of $3,000.00. <strong>(Conditions apply.)<\/strong><\/p>\n<p>\t\t\t\t\t\t\t<strong>You<\/strong> have the opportunity for personal development by attending and participating in the varied and informative courses, conventions and seminars organised locally, regionally and internationally.<\/p>\n<p>\t\t\t\t\t\t\t<strong>You<\/strong> have the benefit of exposure to the world of business by becoming involved in the Board\/Supervisory\/Credit committees of your credit union.<\/p>\n<p>\t\t\t\t\t\t\t<strong>You<\/strong> are entitled to member discounts from the Co-operators General Insurance Co. Ltd. when purchasing insurance coverage for home or vehicle.<\/p>\n<p>\t\t\t\t\t\t\tFinally, <strong> you<\/strong> become one of the millions of persons around the world who participate in this great Movement of Social and Economic Justice.\n\t\t\t\t\t\t<\/div>\n<\/p><\/div>\n<div>&nbsp;<\/div>\n<p>\t\t\t\t\t&nbsp;<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/section>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Benefits As a Credit Union Member: You become part owner of a financial institution. You are entitled to exercise your democratic right by casting your vote at election or being elected to any one of the committees that run the organisation. You can access credit in the form of loans at affordable interest rates. When [&hellip;]<\/p>\n","protected":false},"author":399,"featured_media":0,"parent":0,"menu_order":6,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"slim_seo":{"title":"Benefits - UWI (Cave Hill) Co-operative Credit Union Ltd - The University of the West Indies at Cave Hill","description":"Benefits As a Credit Union Member: You become part owner of a financial institution. You are entitled to exercise your democratic right by casting your vote at"},"iawp_total_views":4,"footnotes":""},"class_list":["post-31","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.cavehill.uwi.edu\/creditunion\/wp-json\/wp\/v2\/pages\/31","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cavehill.uwi.edu\/creditunion\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.cavehill.uwi.edu\/creditunion\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.cavehill.uwi.edu\/creditunion\/wp-json\/wp\/v2\/users\/399"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cavehill.uwi.edu\/creditunion\/wp-json\/wp\/v2\/comments?post=31"}],"version-history":[{"count":3,"href":"https:\/\/www.cavehill.uwi.edu\/creditunion\/wp-json\/wp\/v2\/pages\/31\/revisions"}],"predecessor-version":[{"id":320,"href":"https:\/\/www.cavehill.uwi.edu\/creditunion\/wp-json\/wp\/v2\/pages\/31\/revisions\/320"}],"wp:attachment":[{"href":"https:\/\/www.cavehill.uwi.edu\/creditunion\/wp-json\/wp\/v2\/media?parent=31"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}