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 Golden Harvest Savings Plan is a great way to achieve any of your short, medium, and long-term financial goals. You agree with the Credit Union to make regular deposits of a specified amount on a monthly basis. When you reach your savings goal, you can harvest the lump sum or opt to revolve funds in the Plan.  Saving is easier with this Plan. 

The advantage to this is that you do not actually save the amount for your goal as the interest is what carries it to that amount.  For example, if you want to save $6,600.00 monthly at 6% per annum over a period of Ten (10) years, you would earn $1,081,603.69 before withholding tax is deducted. 

At the ending of ten (10) years your actual saving would have amounted to $792,000.00, and the interest earned would be $289,603.69.  In addition your first deposit immediately insures you for the full saving amount of $1,081,603.69!

Start your savings today and reap a golden harvest tomorrow!

  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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