Products & Services

From our competitive rates on loans to our aggressive stance on savings, we are sure you can find something to suit your needs.

Loan Accounts

Featured Products

Debt Consolidation Loan

Streamline your payments with affordable terms.

Education Loan

Get the qualifications you need for your dream career.

Personal Loan

Access financing within your share capital for anything you need.

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Loan Criteria

Loans granted for provident and productive purposes to eligible members, are categorized as Share or Character Loans and are subject to normal lending criteria.

There are 5Cs used to determine the feasibility of a loan:

  • C - Character: How regularly you pay.
  • C - Capacity: Your ability to repay a loan.
  • C - Capital: What you can invest, the value of your share holding.
  • C - Collateral: Other property that can be offered as security for a loan.
  • C - Condition: Rate of interest and period of repayment.

How is interest calculated?

Our Loan interest is calculated using the following methods:

Reducing Balance Method - means as the loan principal decreases so does the interest as it is calculated as a percentage of the loan balance each month.

Add On Method - means the interest is calculated for the life of the loan and added to the loan principal before the installment is calculated. This interest is a fixed amount each month for the life of the loan.

Savings Accounts

Share Accounts

Every member is required to maintain a share saving account. New members are required to make a minimum contribution to open an account.

Flex-A-Save

A non-interest bearing savings account for emergencies.

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Insurance, Investments & Other Services

Cred U Med

Cred U Med is our medical plan in partnership with CLICO Credit Union which is designed to assist our members in times of medical need.

Family Indemnity Plan

This Plan was developed by CUNA Caribbean to cover funeral expenses.

Life Savings and Loan Protection

A service offered by CUNA Caribbean to provide a benefit to a member's beneficiary.

Fixed Deposits

Aero offers an attractive fixed deposit investment option.

VISA International Credit Card

Make online purchases with no hassle.

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