Archive for June, 2020

Dividend Payment

Friday, June 5th, 2020

Dear Valued Member,

The Board of Directors and Management are pleased to inform you that we received the approval from the Commissioner for Co-operatives for the payment of 75% of our proposed Dividend.

Please be advised that processing of dividend payments will commence on Tuesday June 09, 2020.

For those members who requested cash payments, we urge you to consider the options of ACH (payment made directly to your Bank Account) or payment to your Debit Card. These options will ensure faster and safer access to your funds. Please feel free to contact the office to arrange this process.

However, if you must receive cash payments, please note that to ensure compliance with the social / physical distancing requirements, payments will be facilitated as follows:

Members with surnames: –

A- B    TUESDAY JUNE 09, 2020

C – F WEDNESDAY JUNE 10, 2020

THURSDAY – PUBLIC HOLIDAY

G – J FRIDAY JUNE 12, 2020

K – M Monday JUNE 15, 2020

N – R TUESDAY JUNE 16, 2020

S – Z WEDNESDAY JUNE 17, 2020

As we facilitate this process ASCU will provide cashier services every day commencing June 09 2020, until July 31, 2020 in the first instance.

We thank you for your patience and we trust that this measure will assist you in overcoming some of the challenges of this difficult period. We are all in this together and look forward to your usual co-operation.

Please be reminded that if your loan account is in arrears, your dividend will be applied to your loan.

Thank You!