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.  

 Our Managers and Loans Officers are constantly being trained in the field of Financial Counselling. This training is being passed on to our clerks and Member Service Representatives in order for us to assist you as members in building your personal wealth through money management.


There are three (4) basic steps in managing your money:              

1.     Decide what you want to achieve

2.     Create a workable earning-versus-spending plan

3.     Follow that plan with a sense of determination!

4.     Leave a little room for the unexpected.

Money management should be a joint family affair in which members make basic decisions of how their earnings should be spent.

Correctional Services Co-operative Credit Union Limited operates as your partner in providing funding for beneficial projects such as starting a family business; achieving higher education for you and your children; buying land; building on the land; buying a car or house and furnishing it; travelling...

Financial Counselling is available daily from our Loans Officers on a visit to our office, preferably by appointment. It is also given by our General Manager during our semi-annual in-house workshops at all institutions from which our members come.


  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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