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.  

Regular lodgement and withdrawal of funds, as the member’s needs dictate. It is for emergencies and quick-cash requirements. Withdrawals may be done by cash payout of maximum J$2,000.00 (subject to change) or by cheque on any business day. However, the Board of Directors reserve the right to require 30 days notice.

  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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