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.  
 
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Membership

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.

Benefits

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!!

In order to become a member, individuals are required to open a Shares Account with a minimum of $600.00, Five Hundred is placed on the account, and the one hundred Dollar is use to cover service charge. Once membership is established, the individual gains access to all the other services and benefits offered by the Credit Union.



 
  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 Westmoreland Co-operative Credit Union and do not necessarily reflect those of the PSDP  
 
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