Ordinarily after six months of membership a member qualifies for loans up to four times his or her savings. The interest rate is 1% per month on the reducing balance and the maximum repayment period is ten years. Loans are available for purposes such as the member’s and their children’s education, medical purposes, debt consolidation, mortgage arrears, starting a small business and for other provident and productive purposes.

Car Loans: Take advantage of our general loans and drive home in a brand new vehicle today!

Members may also borrow sums lower than their savings balance. Members do this when they have a savings goal and avoid withdrawals. The interest rate on this loan is lower than the interest rates on loans above shares by 5% per annum.

September 20, 2017

The Credit Union is an excellent place to get a jump start.  I bought my first car through the Credit Union. I had my son open the CU-CLUBBS savings account to also give him that jump start I received and I intend to put my little daughter on the same track. My future generation will be also a part of the Credit Union as we are now expecting another child.  I believe in the Credit Union because it works for me and will work for you.