|
Contact Us
|
Savanna-la-mar Branch:
79 Great George
Street., Savanna-la-mar P.O., Westmoreland
Telephone: (876) 955-2706 / 955-2331 / 955-4405
Facsimile: 955-3636
E-Mail:
wccul@gosavlamar.com |
| |
| |
| |
|
|
|
Loans are
available for: |
 |
Agriculture |
|
Legal Fees |
|
Business |
|
|
Manufacturing |
|
Medical |
|
Tourism |
|
|
Construction |
|
Education |
|
Home
Improvement |
|
|
Debt Service |
|
Domestic &
Personal |
|
Motor Vehicle |
|
|
Furniture &
Appliance |
|
Travel &
Vacation |
|
Weddings &
Funerals |
|
|
Land Acquisition |
|
|
|
|
|
| |
|
Security Accepted |
|
Registered Land
Title
Insurance Policy (with 70% cash
surrender value )
Motor Vehicle (Less than or equal to 8 yrs
old)
Board House (in good condition)
Computers
Household Furniture & Appliances (up to one
year)
Cash
|
|
BOARD HOUSE |
Loan used to effect
repairs/extensions
Maximum amount - $250,000.00
Repayment period - 5 years
Loan used to purchase:
Maximum Amount - $500,000
|
| FURNITURE &
APPLIANCES |
(ONLY NEW 1-12
MONTHS)
Maximum amount - $200,000
Repayment period - 36 months
|
| COMPUTER |
To purchase
Maximum amount - $100,000
Repayment period - 2 years
|
| MOTOR
VEHICLE |
To purchase
Maximum amount - $3.5 Million
Repayment period - 6 years.
|
| CONCRETE
HOUSE |
For refurbishing
Maximum amount is dependent on the
security used
|
|
|
|
|
Repayment Period |
|
This varies between one
(1) and twenty (20) years depending on the loan.
Loan Ratio
A member can access twenty times (20x)
the amount he/she has in his/her shares account,
depending on the type of loan.
Within Share Loan
A member can receive up to 90% amount in
share. This is usually taken instead of a
withdrawal. This loan does not require
additional security.
Over-Share
Loan
To access this loan, members must be
saving with the Credit
Union. These
loans require security and are granted for
providential and productive purposes. The
maximum that can be borrowed is $7.5 Million.
CONDITIONS APPLY
|
|
Saving Products |
|
|
|
Shares Account |
|
This is the account that
enables individuals to become members of the
Credit Union. It is also the account
that qualifies a member for a loan |
|
|
|
|
|
|
|
Fixed Deposit Account |
|
A good plan to
consider especially if you find yourself with
capital (e.g. Christmas bonus or other lump
sum). The minimum opening balance is $5,000 |
|
|
|
|
|
|
|
Golden Anchor Account |
|
|
|
|
|
|
|
|
|
Deposit Account |
|
|
|
|
|
|
|
|
|
Golden Harvest Account |
|
This is a long-term
saving instrument for members who have a
specific goal in mind e.g. to buy a house,
a car, to pay university tuition. This
account earns an interest. Members are
required to save regularly until their
goal is realized. In the event of death
the beneficiaries will get the full amount of
the target that was set.
E.g. If the target was $80,000 and the
contributor dies when the amount was $20,000
then the beneficiary will get the full
$80,000. This account is insured. |
|
|
|
|
|
|
|
Family Indemnity Plan |
|
Nothing is more
important than family and therefore you need
to protect them. This plan does just
that. It covers funeral and last
expenses for up to six eligible persons. There
are four types of coverage. Coverage is
active six months after enrollment. |
|
|
|
|
|
PLAN A |
$80,000.00 |
$384.00 Monthly |
|
PLAN B |
$120,000.00 |
$576.00 Monthly |
|
PLAN C |
$150,000.00 |
$720.00 Monthly |
|
PLAN D |
$250,000.00 |
$1,200.00
Monthly |
|
|
|
Partner Plus Account |
|
|
|
|
|
|
|
|
|
S.T.A.R.S Savings
Club |
|
This club is
specially geared towards children from
kindergarten to high school. It aims at
teaching them how to be thrifty. Youths up to
the age of 16 years can join this club.
No minimum deposit required. |
|
|
|
|
BENEFITS INCLUDE: |
|
|
|
|
Birthday Club
aired on VYBZ FM
Bursaries for GSAT & Tertiary Students
YOUTH Rider: This account enjoys a
benefit payable under the life
savings contract with Youth Benefit Rider of
up to 300%.
Conditions Apply
LOTS OF
PRIZES AND GIVE AWAYS |
|
|
|
|
|
|
|
Other Services |
|
|
|
Access
Plus Card |
|
Financial Counseling |
|
|
Standing Order |
|
Discount Club |
|
|
Scholarships & Grants |
|
Blue Cross |
|
|
Cambio Service |
|
Salary Deduction |
|
| |
|
BRANCHES |
|
Grange Hill
Tel: (876) 955-1122 |
Whitehouse
Main Street
Tel: (876) 963-5494 |
Negril
Plaza De Negril
Tel: (876) 957-4165 |
Darliston
Tel: (876) 955-0506 |
Products and Services
