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?

Members Appreciation Day, 2009

Anyone who is employed to the Department of Correctional Services in Jamaica, or the Correctional Services Co-operative Credit Union Limited, is eligible for membership in the Society. Membership can remain even after leaving the job!

In addition, the parents and children of those eligible, along with the marital spouse and his/her parents, can also become members. Hence, the bond widens by the parent/child relationship.


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 17 years old
  2. provide proof of employment/family connection
  3. provide Proof of age
  4. apply in writing
  5. be recommended by the Manager or a member of the Board
  6. pay a non-refundable entrance fee
  7. subscribe to a minimum of 1000 shares (check current cost of a share)
  8. pledge to increase share holding on a regular basis to the satisfaction of the Board of Directors
  9. 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


The purpose of the Credit Union is to encourage thrift through regular savings by the members and from the savings accumulated grant loans to members to assist them in obtaining a better lifestyle for themselves and their families.

Click here to download our membership form. You will need to have Adobe acrobat reader installed to view this file click on the icon to left to downoad acrobat reader

Why become a member?

Remember, your Credit Union belongs to you!!
As more of us join together in owning and controlling our finances, the greater will be the benefits to fellow members, families and the country at large.


Among the benefits of becoming a member are:

  • Participation in the Annual General Meeting
  • Ability to select from the membership representatives who will serve as officers of the Credit Union

How do I become a member?

Becoming a member is easy!!

  • Complete the membership application form
  • Valid identification: drivers licence, voters registration card, passport
  • Pay a minimum of $500 to share account and $ 100 for entrance fee


  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  
Copyright 2007. Correctional Services Co-operative Credit Union Limited. Design and Hosted by New Media Studios