The Credit Union’s ability to lend is built upon the foundation of shares savings. The value of a share is twenty dollars ($20.00). Members agree to save at least one share per month in order to maintain active financial status.


Requirements

  • New members are required to make a minimum contribution of $20 to open an account.
  • Every member is required to maintain a share saving account with a minimum balance of $20.
  • Each member is expected to make weekly, fortnightly or monthly contributions thereafter to ensure that their account remains active.

Savings can be made via:

  • Online Payments
  • Cash and cheque payments
  • Salary deductions
  • Standing Orders
  • Post Dated Cheques

Members can use their share savings as collateral for loans. Dividends are paid on a yearly basis at a rate that is determined at Annual General Meetings.