UEW CO-OPERATIVE CREDIT UNION

MemberShip

MemberShip

Why you should join UEW Co-operative Credit Union Limited.
There are numerous advantages which can be derived from being a member of the Credit Union. Some of the advantages are as follows:
        1. Regular Savings: The Credit Union through its educational programmes encourages its members to make regular savings and
              earn interest on the savings.
         2.  Access to Loans: The Credit Union helps to solve most of the financial problems of members by giving them the opportunity to
              borrow money from the pool to meet productive and provident needs.
         3. Low Rates of Interest: Members enjoy lower rates of interest as compared to what obtains in the financial market.
         4.Participatory Decision Making: Members are shareholders. This means that every member is a part owner of the Credit Union and participates in              decision-making and running of the Credit Union.
         5.Financial Counseling: Members are offered wise counseling on the judicious use of their money to ensure that they derive optimum
            benefit from it.
         6.Dividend on Shares: Members earn good dividend on their shares.
         7.Leadership: Members are eligible to be elected to leadership positions in the business of the Credit Union 

Terms and Conditions For Loan Repayment
Loan Type Interest Rate Maximum Duration Loan Amount
Regular Loan 18% per annum 1-36 months 3 * Savings
Special Loan 20% per annum 1-36 months 5 * Savings
Commercial Loan 22% for 10 months 10 Months 3 * Savings
Hotline Loan 5% for 3 months 3 Months 3 * Savings
Micro Loan 3.5% for 6 months 1-6 Months 5 * Savings
Loan Calculator
Loan Calculator
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