Ordinary Shares

The Ordinary Shares Account is the main account for the credit union members. It forms the corner stone of the members' relationship with the credit union. The key features and benefits of this account are outlined below:

  • Interest is paid on monthly balances. Annual dividend payment is also credited to this account.
  • Allows the member to borrow at more attractive rates of interest:
    • Through the use of Share Equity, members can qualify for lower interest rates on Ordinary Loans.
    • The Shares Loan which is secured by this account has a lower than average interest rate.
  • Insurance benefit will be paid to beneficiaries on death of the member.*

*Conditions apply