Shares

The Credit Union’s strength is represented by its Share Capital. Members purchase shares which contribute to the pool of resources, members can then borrow in their time of need. The members accumulated shares increases the total resources of the Credit Union.

As a shareholder you are part-owner of the Credit Union, entitled to benefit from all services provided by the Credit Union. Your share balance is considered in your eligibility for loans.

An “Inactive Member” is a member who did not purchase at least six (6) shares within a financial year.

01
Free loan protection and life savings insurance
02
Dividends are paid annually on shareholdings on rates of interest as determined at Annual General Meetings
03
The use of Shares as collateral for loans
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