A member is eligible for a loan once they have met the requirement. Members may borrow up to 10 times their Shares depending on the loan types. Interest rates on loans are very competitive and vary according to the share ratio. All interest rates are calculated monthly on the reducing balance. Once you are borrowing more than you have saved, collateral (security) may be required for the loan.  

Who can become a member?


a)   All immediate family members of any member of the Society; former credit unionettes, provided that they satisfy the age requirement of the Cooperative Societies Act

b)      Present and past employees of Correctional Services Credit Union;

c)      Present and past employees of the Jamaica Fire Brigrade

d)     Present and past employees of the Department of Correctional Services

      e)      Membership may be retained on retirement, transfer, secondment or resignation; provided that such membership is subject to the By-laws              as laid down by the Board of Directors.  All membership is subjected to the approval of the Board;


Having qualified under the above, you will have to agree to the following terms in order to become a member of this Society:

You must:

  1. be at least 16 years old
  2. provide proof of employment/family connection
  3. provide Proof of age
  4. proff of address
  5. apply in writing -completed membership form
  6. be recommended by the Manager or a member of the Board
  7. pay a non-refundable entrance fee
  8. subscribe to a minimum of 1000 shares (check current cost of a share)
  9. pledge to increase share holding on a regular basis to the satisfaction of the Board of Directors
  10. not be engaged in a trade or profession opposed to the interests of the Society

A person ceases to be a member on:

  1. death
  2. ceasing to hold at least 1000 shares
  3. being found to be of unsound mind
  4. expulsion from the Society
  5. withdrawal or transfer of all shares
  6. failure to increase share holding beyond 1000 shares to the satisfaction of the Board of Directors within one year
  Funding for this web site was provided by the Private Sector Development Programme (PSDP), a joint initiative of the Government of Jamaica and the European Union. The views expressed on this web site are those of the Correctional Services Co-operative Credit Union and do not necessarily reflect those of the PSDP  
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