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.  

 Whenever members have regular monthly payments to be made to the Welfare Fund as well as to any Insurance Company, Correctional Services Co-operative Credit Union Limited offers to make these payments on their behalf, free of cost!

Additionally, monthly internal transfers can be set up in order to service contractual payments on your behalf. An example is the payment to Golden Harvest Savings Plan.

This is just one of the many services we offer to our valued members. 

  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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