CCU Overview PDF Print E-mail

What is CCU?

ccu logoTThe Communal Co-operative Credit Union has been in existence since 1964. It is a non profit organization established for providing a safe place for its members to save money and access loans as reasonable prices.

 

The members are the owners of the Credit Union, each member as an owner has all the rights and privileges regardless of his/her share holdings. With the continued growth of the Communal, we have over the last 10 years we have established six (6) branches located at Carriacou, Gouyave in St. John’s, Perdmontemps, Vincennes and Petite Esperance in St. David's, The Esplanade Mall, down town St. George's. Our head office is located at 414 H.A. Blaize Street, St. George’s.

Organisation

CCU Staff
At the Annual General Meeting members elect the Board of Directors, Supervisory Committee and Credit Committee.

 

Each member has one (1) vote irrespective of the number of shares he or she has.

 

The Board of Directors guided by the Bye-laws of the Co-operative establishes policies and guidelines for the proper functioning of the Credit Union. The functions of the Supervisory and Credit Committees are outlined in the Bye-laws.

 

The day to day operations are carried out by a General Manager, with the assistance of a competent staff.

How to become a member

  1. Complete a Membership Application.
  2. Pay a registration fee of $20.00.
  3. Purchase at least Forty (40) shares at five dollars ($5.00) each.