What Makes the Credit Union Different

Credit Unions

Credit Unions are uniquely different from other financial institutions and are viable saving alternatives to other financial institutions in Jamaica!

For-profit corporations
In-service to their shareholders
Owned and controlled by outside shareholders; vote according to individual shareholdings.
Pay corporate income tax on profits.
Dividends are paid to shareholders according to their investment in the organization
Board members do not necessarily reflect the diversity of their customer base
Low-interest rates on savings; higher loan rates and fees
Offers insurance products at a cost to customers