Public Workers’ Co-operative Credit Union Limited

Services

• SHARE ACCOUNT Membership qualifying shares Upon signing up for membership, members are required to purchase a minimum of ten (10) shares at five dollars ($5.00) each. These ten shares represent the members qualifying shares.
• DEPOSIT ACCOUNT In addition to a SHARE account, a member can open a DEPOSIT account. There is no minimum amount required to open a DEPOSIT account. A DEPOSIT account allows members to deposit funds, via payroll and/or over-the-counter, and withdraw these funds, upon demand.
• CHRISTMAS CLUB ACCOUNT In addition to a SHARE account
• which is mandatory for membership, and a DEPOSIT account
• which is optional, members can also open a CHRISTMAS CLUB account, also optional.
• LOANS All members of PWCCUL are eligible for loans after a minimum of four (4) monthly deductions/contributions have been received.
• Investments Term (Fixed) Deposits As of July 1st, 2017, members, and non-members, can invest a minimum of one thousand dollars ($1,000), and a maximum of fifty thousand dollars ($50,000.00).

Products

• FINANCIAL MANAGEMENT ADVISE is given free-of-charge, to all members who request it or who have been identified (eg. by the Credit Committee) as requiring this form of financial intervention.
• INSURED FUNDS: all members savings and loans are insured with the Bahamas Co-operative League Insurance Brokerage Limited, and are paid for by the credit union. Presently, the insurable amounts are $20,000.00 (shares) and $100,000 (loan), which means that upon the death of a member
• his/her beneficiary (ies) would receive all of their savings, in addition to a matching amount (up to a maximum of $20,000.00) from the Insurance Company. Additionally, the members loan (if any) would be paid off in full (up to a maximum of one hundred thousand dollars ($100,000.00). This is all at NO COST to the member.
• CREDIT CARD All members who have: 1) at least five hundred dollars ($500.00), on their SHARE accounts and
• 2) been members of the credit union for, at least, six (6) months, are eligible to apply for a Scotiabank MasterCard. A major benefit of this credit card, for credit union members only, is that the interest rate is 4% less than the credit card issued directly by Scotiabank, to its banking customers. Presently the interest rate, for Scotiabank customers, is 18%, whilst the interest rate, for credit union members, is 14%.

Payment Options

• Cash Accepted

Slogan

The Family Credit Union

Features

• Parking Available