Services

Debt Consolidation Loans

Having trouble coping with debt at various institutions? Exhausted running all over from one institution to the next month end paying your different debts? Looking to consolidate all or some of your debts into one with one easy and affordable monthly payment? We offer Debt Consolidation loans to members.

Come in or apply online for such a loan using our downloadable or online forms on our website in our "Forms" section.

Requirements:

  • Required Share Deposit (a percentage of loan amount requested. This varies based on loan amount, level of risk, etc)

  • Signed pay off statements from the creditors you owe 

  • Job Letter and salary slips where applicable

  • If Self-employed,  evidence of income (bank statements, income and expenditure statements, etc)

  • Other forms of collateral (where necessary)

Educational/Student's Loans

Education is often referred to as the great equalizer. Investing in your education or that of your children is priceless. Sadly the cost of education can be so prohibitive for many, especially secondary and tertiary education. We at the Fond St Jacques Credit Union understand that all too well. It is for this reason we introduced our Education/Student's Loans. No matter the educational level you are looking for assistance for, we are ready to assist.

Come in or apply online for such a loan using our downloadable or online forms on our website in our "Forms" section.

Requirements:

  • Job Letter from Employer stating length of service, employment status, salary/wage and other emoluments

  • Salary Slips (Latest)

  • If self-employed - evidence of income such as bank statement, financial statements, etc

  • Required Share Deposit (a percentage of loan amount requested. This varies based on loan amount, level of risk, etc)

  • Evidence of admittance into school and associated costs

  • Suitable Co-maker or Surety (if necessary)

  • Life Insurance assigned to us (where necessary)

  • Suitable collateral (where necessary)

Special Occasion Loans

Need some funds to assist with special occasions like weddings, funerals, milestone birthdays and other important once in a lifetime events? We have loans to help our members, such precious occasions and activities.

Come in or apply online for such a loan using our downloadable or online forms on our website in our "Forms" section.

REQUIREMENTS

  • Job Letter from Employer stating length of service, employment status, salary/wage and other emoluments

  • 3 Salary Slips (Latest)

  • If self-employed - evidence of income such as bank statement, financial statements, etc

  • Required Share Deposit (a percentage of loan amount requested. This varies based on type of loan, level of risks, etc

  • Evidence of the existence of the occasion.

  • Open Bill/Invoice from suppliers/service providers

  • Suitable co-maker (where necessary

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 unrestricted and unlimited withdrawals as they wish with no attached fees. 

Person/organisation can arrange with us to set-up special deposit accounts to assist with savings for specific purposes. These accounts will have specific instructions and restrictions established by the member/depositor. 

Similar to Ordinary/Withdraw-able shares, Deposit accounts are paid interest quarterly usually in March, June, September and December. The interest rates paid out are determined by the Board of Directors.

SurePay

Payment of Utility Bills

SurePay:

This is an electronic bill payment system which securely handles the payments to billers on behalf of the customers at no cost to them.

How does it work?

Walk into the Credit Union with your bills (does not have to be current bill), hand them to the cashier and indicate how much you want to pay towards each bill. You will receive an official proof of payment receipt for your records.

The SurePay system is constantly in communication with each of the biller's accounting system, updating payments to each account on an on-going basis which means all account information is kept current and secure. It also means that you can pay bills on the day they are due and no risk penalty.

Registration for a SurePay account

If you wish to register for a SurePay account, provide one form of I.D. and the bills which you want registered to your account. Registration is free of charge. This means that you will never have to walk with your bills again when using SurePay.

What bills can you pay?

DIGICEL

COLUMBUS (formerly Karib Cable)

LUCELEC

LABORIE COOPERATIVE CREDIT UNION

NICNATDIRECT (ONLINE SHOPPING)

LIME/FLOW (CABLE, INTERNET, LANDLINE OR MOBILE)

PAN AMERICAN LIFE INSURANCE

WASCO

UNITED INSURANCE

And More

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 not securing loans). Ordinary shares used to secure loans are placed on hold (pledge) until the loan is paid off or reduced sufficiently that the risks are minimal. Members can withdraw any available shares not being used to secure their loans at anytime they wish to.

Members are encouraged to save as much as possible to ordinary shares. Special arrangements are made with members with loans to encourage monthly savings while making their loan payments. 

Members are paid interest on their Ordinary Shares quarterly usually in March, June, September and December. The interest rates to be paid re determined by the Board of Directors. The more shares you have, the greater the interest amount received.

Members have the additional benefit of claiming a tax deductible on shares saved annually to the maximum of XCD$5,000 when filing their annual income tax returns.

Business Loans

Are you looking to start up a new business of expand and improve your existing business. No matter what size we can help with the needed funds by way of an affordable business loan.

Come in or apply online for such a loan using our downloadable or online forms on our website in our "Forms" section.

Requirements:

  • Business Plan? stating:
    • Anticipated income and expenditure
    • Sources of capital/Credit Facilities
    • Cash flow statement
    • Target markets and Market Trends
    • Demand for goods/services
  • 2 years audited financial statements (existing business) or
  • 2 years pro forma financial statements (new business)
  • Share deposit (percentage of loan amount based on level of risks, etc)
  • Approval to set-up and operate business from relevant authorities (where applicable)
  • Bank Statement & Confidential Report
  • Inland Revenue Department and NIC Clearance
  • Letter, Lease Agreements, Contracts necessary for business operations
  • Statement of net worth and income of business owners
  • Bill of Sale/Hypothec (where applicable)
  • Suitable Co-maker (if necessary)

Calculate Your Loan

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 accounts allowed.

Eligibility:

  • Children from 0 – 9 years.
  • Parent/guardian must be an active member of the Fond St. Jacques Credit Co-Operative Society Ltd.

Requirements to open account:

  • Copy of the child’s birth certificate/passport.
  • ID of parent/guardian opening the account.

Characteristics of account:

  • Free entry to S.S. club events and contests.
  • Free piggy bank to collect your money at home.
  • Special birthday wishes sent to you every year.
  • Receive one coupon for every $10 deposited to account to participate in end of year draw for beautiful prizes.
  • A free personalized passbook.

Family Indemnity Plan

The Family Indemnity Plan can help provide an extra measure of comfort during difficult times. It is an insurance plan designed to cover up to six (6) persons on a single contract, paying cash benefit which can be used to cover the funeral expenses for you and the eligible family members. There are six (6) coverage options available so you can choose the one which best suits your needs. Any member, spouse, or parent of the member who have not yet reached age 76, may enrol in the plan with no medical examination required. The plans are as follows:

 

 Plans

Benefit

Monthly Premium

A

$5,000

$26.40 

B

$7,500

$39.60

C

$10,000

$52.80

D

$15,000

$79.20

E

$20,000

$105.60

F

$25,000

$132.00

G

$30,000

$158.40

Who are the eligible members covered?

  • The Credit Union member
  • Member's spouse or significant other (significant other is a person of the opposite sex who lives with the member and is considered to be the Insured's common-law spouse)
  • Unmarried children/ dependent (between the ages 1 to 26 years - biological and non-biological)
  • Permanently disabled children for the duration of their life if enrolled prior to age 26 (the permanence and degree of such impairment shall be supported by medical evidence)
  • Member's parents or in-laws.

ALL ADULTS (not dependents) need to join the plan before reaching age 76.

Land Loans

Is your dream to some day build and own your own home? This usually starts with the purchase of land. Have you found the perfect location to take that first step? Let us help you get started on that dream. Come in to speak to us about a loan to purchase this important and valuable asset.

Come in or apply online for such a loan using our downloadable or online forms on our website in our "Forms" section.

Requirements

Security :  At Least 5% in Ordinary shares and Mortgage/Hypothecation

Maximum Term: 15 years

  • Required ordinary share deposit (At least 5% of loan amount)
  • Job Letter stating your salary and job status (permanent, temporary, contract, etc)
  • Recent salary slips showing all deductions
  • For self-employed persons, evidence of income such as Income Statements, Bank statements for past 6 months
  • Vendor’s letter stating price and willingness to sell to you.
  • Copy of vendor’s Deed of Sale 
  • Copy of Land Register (no more than 2 months old)
  • A recent (no more than 6 months) valuation of the property done by an approved Valuer
  • Funds for legal fees (amount can be included in loan request)
  • Evidence of status of both vendor and purchaser at Income Tax Department
  • Evidence of status of both vendor and purchaser at NIC
  • Life insurance assigned to the Credit Union

Calculate Your Loan

House/Mortgage Loans

Are you ready to take that important step to owning your own home? Whether it is to purchase a house and land package or to construct your own house, come in to talk to us. Let your friendly credit union help you attain this dream with a hassle free and affordable loan.

Come in or apply online for such a loan using our downloadable or online forms on our website in our "Forms" section.

Requirements

Security :  At Least 5% in Ordinary shares and Mortgage/Hypothecation

Maximum Term: 25 years

  • Required ordinary share deposit (At least 5% of loan amount)
  • Job Letter stating your salary and job status (permanent, temporary, contract, etc)
  • Recent salary slips showing all deductions
  • For self-employed persons, evidence of income such as Income Statements, Bank statements for past 6 months
  • Funds for legal fees (amount can be included in loan request)
  • Life insurance/Term Life Insurance assigned to the Credit Union
  • Comprehensive property insurance assigned to Credit Union

For House and Land Package:

  • Vendor’s letter stating price and willingness to sell to you.
  • Copy of vendor’s Deed of Sale
  • Copy of Land Register (no more than 2 months old)
  • A recent (no more than 6 months) valuation of the property done by an approved Valuer
  • Evidence of status of both vendor and purchaser at Income Tax Department
  • Evidence of status of both vendor and purchaser at NIC

For House Construction:

  • DCA approved plans
  • Bill of Quantities/Comprehensive costing broken down into phases signed by recognised contractor.

Calculate Your Loan

MoneyGram

Looking for a way to send money to relatives, friends or business associates around the world? Do you want a quick and efficient way to receive much needed funds from relatives overseas? Do you want to send money to someone overseas to purchase much needed, groceries, electronics, clothes and other items? You mom living in New York has a medical emergency and you need to send money to help with the bills fast and easy? Our MoneyGram facility provides a fast, easy, cheap and safe way to send and receive money worldwide.

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