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.  

The Caribbean Confederation of Credit Unions (CCCU) was established on August 17, 1972 in the island of Dominica as the successor of the West Indies Conferences of Credit Societies.

Website: www.caribccu.coop

A credit union is a financial co-operative organised by a group of people to save money and make loans to each other at favourable rates. Members usually have something in common such as their place of work, area of residence, professional organisation or social group.

Website: www.jamaicascreditunion.com

Correctional Services in Jamaica is a department under the Ministry of National Security. Other major arms of the Ministry are the Police Force and the Jamaica Defence Force. The Judicial System falls under the Ministry of Justice.

Website: www.dcsj.net

  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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