AS A CREDIT UNION MEMBER:
You become part owner of a financial institution.
You are entitled to exercise your democratic right by casting
your vote at election or being elected to any one of the
committees that run the organisation.
You can access credit in the form of loans at the lowest known
rate around.
You are entitled to income tax deductions based on your savings
made with the credit union during each year up to a maximum
of $10,000.00 per annum.
When you borrow from a credit
union, your savings remain intact so that while you pay
your loan, your savings continue to grow. We call this wealth
creation.
You have the convenience of saving by payroll deduction.
Your savings are entitled to Life Saving Benefits up to a maximum
of $25,000.00, so that in the event of your death, your
beneficiaries will receive your savings as well as other
benefits up to $25,000.00 based on your savings. If death
is by accident this benefit would double. Plus, a funeral
benefit to a maximum of $3,000.00 in the event of death.
Your family/beneficiary is protected against hardship in the
event of death, through would double. Plus, a funeral benefit
to a maximum of $3,000.00 in the event of death.
Your family/beneficiary is protected against hardship in the
event of death, through the Loan Protection Benefits up
to a maximum of $300,000.00. The loan of a deceased member
is automatically written off up to the maximum stated.
In
the event of temporary disability, e.g. sprain/broken limbs,
the loan is repaid for you for three months up to a maximum of $3,000.00.
You have the opportunity for personal development by attending
and participating in the varied and informative courses,
conventions and seminars organised locally, regionally and
internationally.
You have the benefit of exposure to the world of business by
becoming involved in the management/supervisory/credit committees
of your credit union.
You are entitled to member discounts from the Co-operators General
Insurance Co. Ltd. when purchasing insurance coverage for
home or vehicle.
Finally, you become one of the
millions of persons around the world who participate in
this great Movement of Social and Economic Justice.
