Information

Have a question? Thinking of a loan? Get information and stay connected with us.

FAQs

Have questions about PECU, your accounts or one of our services? We've compiled a list of our members' most frequently asked questions. If you don't find the answer you are looking for, please get in touch with us.

On Savings

  • Do I get any interest on my savings?
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    All members are part-owners of the credit union and share in its success. Instead of interest being paid, the credit union can pay a dividend determined by the share balance.

  • Can I have more than one savings or checking account?
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    You are limited to only one (1) share account and  saving account but we do not offer checking facilities. 

  • Why do I need a shares account? I just wanted a loan.
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    A Shares Account establishes your membership with the Credit Union. Once your savings account is opened, you may apply for any services or products that we have to offer.

On Loans

  • Do I need to buy insurance to cover my loan?
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    You can get insurance for a loan by our credit union. Please ask for more information when applying for your loan.

  • How soon after joining can I get a loan?
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    All loans requires the member to have at least six (6) months continuous savings membership before any other loan type can be accessed. 

General

  • Is PECU membership only for Port workers?
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    No.Once a person is interested in becoming a member of the PECU, he / she can become a member.

  • What do I need to join PECU?
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    Ensure you have a completed application form, with necessary supporting documents. Your application will be evaluated based on the information that you provide.

  • Are my funds insured at a credit union?
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    All funds deposited at credit unions are insured, so your finances are safe within the credit union.

  • What are your hours?
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    Our two branches are open from 8-2 Monday-Thursday and 8-3 on Fridays.

  • What is an AGM?
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    The Annual General Meeting is where members of the credit union have the chance to vote for the Directors and officers who will control the credit union on behalf of the membership. It is also an opportunity for members to discuss the development, growth and services of their credit union.

 

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Updates

S.E.A Bursaries 2019

AGM 2019 Brochure

Records update drive. Visit our office to update your records.  

PECU Credit Union

Bye laws

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Loan Calculator

To calculate your monthly loan payment, simply enter the following information into the simple loan calculator below:

*All figures given on this web site are for your general information only, and give a rough guide to loan repayments.

CURRENT INTEREST RATES: click here

  • Loan Amount:
  • Loan Length in Months :
  • Interest Rate:
  • Monthly Payment:

 

Copyright 2016.PECU Credit Union Co-operative Society Limited. All rights reserved.