Central Co-operative Credit Union Ltd

Central is a democratically owned financial co-operative and its members/shareholders assume certain rights and responsibilities with respect to the running of the institution. Members’ Rights: Attend, participate and vote at Annual General Meetings By consensus, determine the policies of the Credit Union Elect a capable Board of Directors, Credit Committee and Supervisory Committee Request annual reports of the various statutory committees and independent auditors Utilize the services offered by Central Credit Union To be granted loans at the same rate as other shareholders regardless of amount of savings or status Receive dividends as shareholders Assign beneficiaries to accounts Have their transactions kept confidential Members’ Responsibility: Abide by the by-laws and other policies of the Credit Union Volunteer their services Borrow for productive and provident purposes Repay loans as agreed Save regularly and withdraw as necessary Keep themselves informed about the activities of Central and encourage others to join Submit suggestions with respect to the Credit Union’s operations How to Become a Member You can become a member of CCCUL if you: Are 15 years and older Purchase one share for $50.00 plus other entrance fees totaling $15.00 Present identification and verification of home address Complete membership card in detail If you are not yet 15 then a deposit account can be opened for you by your parent or guardian. There is no minimum amount. However the minor’s birth certificate needs to be presented along with parent/guardian identification