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U.W.I. (Cave Hill) Co-operative
Credit Union Ltd.
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A credit union is a non-profit cooperative financial institution. A cooperative is a business like any other business, but it belongs to the people who use it and operates only for the benefit of its members. Credit
unions are owned by the people who use them, and their stated
purpose is to serve their members, not to make a profit. A credit union is a safe place to save and borrow at reasonable rates. In essence, members pool their money to make loans to one another. Because they’re not for profit, they can offer members things like higher interest rates on savings and lower interest rates on loans.
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Members are encouraged to take advantage of the maximum tax allowance from
income year 2007 of BDS$10,000.00. Please note that the investment in shares of the Credit Union must be held for a minimum period of five years. The BYE-LAWS of the Credit Union are now available for download |
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© 2003 - 2007 U.W.I. (Cave Hill) Cooperative Credit
Union Ltd. All rights reserved.
Disclaimer | Privacy Statement Last Updated: July 11, 2008 |