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 purpose of the Credit Union is to encourage thrift through regular savings by the members and from the savings accumulated grant loans to members to assist them in obtaining a better lifestyle for themselves and their families.

Click here to download our membership form. You will need to have Adobe acrobat reader installed to view this file click on the icon to left to downoad acrobat reader

Why become a member?

Remember, your Credit Union belongs to you!!
As more of us join together in owning and controlling our finances, the greater will be the benefits to fellow members, families and the country at large.


Among the benefits of becoming a member are:

  • Participation in the Annual General Meeting
  • Ability to select from the membership representatives who will serve as officers of the Credit Union

How do I become a member?

Becoming a member is easy!!

  • Complete the membership application form
  • Valid identification: drivers licence, voters registration card, passport
  • Pay a minimum of $500 to share account and $ 100 for entrance fee
  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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