Savings

The Motto of our credit union is "Saving today for a better tomorrow". This is at the heart of the focus and success of our noble organisation. Without our members savings, many of the services we offer, especially the granting of loans would not be possible. In fact without savings, the organisation would fail to exist. As a result we offer the following savings options to our valued members:

1. Equity Shares/Permanent Shares
2. Ordinary/Withdrawal Shares
3. Deposits
4. Smart Start Club and Account

Details about the various savings options including the benefits are available in the individual pages that follow.

Please check them out.

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Deposits

Member and Non-members (persons/organisation with or without the minimum of XCD$100 worth of Permanent/Equity Shares) also have the option of saving with us on Ordinary Deposit accounts. These accounts facilitate persons with the savings of money without specific purposes or funds that are likely to be withdrawn in the short run. They can make…

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Ordinary Shares/Withdrawable Shares

Ordinary Shares also referred to as withdrawable shares are special deposit savings accounts. You must be a Member (with at least $100 worth of Permanent Shares) to save to/have Ordinary Shares. Monies on these accounts can be used to secure loans taken with the credit union. Members are allowed to withdraw from only the available amounts (amounts…

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Smart Start Club and Account

The Smart Start Club and Account was set-up as a fun way for parents to teach and encourage their children between the ages of 0-9 years old how to save. Account features: $10 minimum deposit to open the account. No minimum balance required. Earn interest every year on every cent. One withdrawal allowed per month. No joint…

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Equity Shares/Permanent Shares

To become a member of the Fond St Jacques Credit Union each member is required to purchase and maintain at least 20 permanent/equity shares at $5.00 per share (XCD$100 worth of Permanent/Equity Shares). This makes you a member and owner and gives you the right to participate in the decision-making process of the Credit Union. It represents your…

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