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.  
 
 



This account is encouraged for children 6 months to 16 years of age. We believe it is important for us to empower our children financially by teaching them money management at an early stage. The child must benefit from any use of these funds and monies must be free from the control of all other persons, except creditors. Monies in this account may be used for the schooling, medical expenses or personal development of the minor. This account receives interest on the first (1st) of each month.

 

 
 
 
  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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