The benefits of belonging to a credit union

FINANCE IS serious business. The credit union knows that money controls opportunities. Your opportunity to an education, to owning a house, to going on vacation, to paying your bills, to getting that job, to having children and many more opportunities come with a price point. That is why credit unions design products to cover their members from birth through to every stage of life.

Credit unions are the guides that make your life-fulfilling decisions easier. A few of the credit union suites of products include:

- Youth Savings Accounts

-Line of Credit

-Partner Savings Plans

-Insurance

-Debit MasterCard

-Family Indemnity plan

-Education Loans

-Mortgage

-Car loans

-Micro & Small Business Loans

-Scholarship & Grants

-Debit Consolidation

-Pay Advance Loans

-Fixed Deposit Savings -Vacation Loans

AND MUCH MORE!

On average, credit unions also have competitive interest rates, ensuring that members get the most from their hard-earned money.

Credit unions value their members’ perspectives and ensure that they play an integral part in deciding the governance and strategic direction of the institution. Members of a credit union enjoy specific advantages such as

· Voting on decisions directing the usage of surplus, rules, and board candidates at general annual meetings.

· 100 per cent saving and loans protection. · Beneficiaries can benefit from up to 200 per cent of a member’s savings upon death.

· A credit union member shares in any annual surplus because he/she is a part owner.

· Each member has equal voting power (one vote), the same as all other members in the credit union irrespective of the amount of his/ her savings, deposits, or volume of business.

· A credit union member is a co-owner of the credit union.

Join your credit family today. To find out how you can begin a member, visit our website at https://creditunionsofjamaica.com/