Department Of Correctional Services Credit Union
The Correctional Services Co-operative Credit Union Limited is an in-house financial facility, offering a variety of products and services in the form of savings and loans, exclusively to employees of the Department of Correctional Services, the Correctional Services Co-operative Credit Union Limited and their immediate family.
The “immediate family” consists of mother, father, marital spouse and biological and legally adopted children.
The Board of Directors governs the Credit Union. An elected Credit Committee scrutinizes and approves loans and the Supervisory Committee monitors controls and regulations as outlined by the Rules of the Society. The attending members at an Annual General Meeting go through the process of election of all committee members, who have to be members of the Credit Union in right standing.
Currently, we offer eight saving plans and fourteen loans, all designed to suit our members’ specific goals and needs. We endeavour to make available other products as they develop constantly.
Scholarships are offered to at least five “Credit Unionettes” who are successful in the GSAT examinations annually. One scholarship is offered yearly to a members’ child who has been accepted for tertiary level education.