- CECU Care Health Plan
- Loans
- Mortgages
- Investments
CECU Care
CECU is pleased to offer a one of a kind affordably priced comprehensive health plan designed just for our members! |
CECU Care Benefits
|
CECU Care Reimbursements
|
Loan TypesAt CECU, our loans include:
|
Current Loan OffersCheck out our current loan offers: Read more about CECU's Loan Policy. |
 |
MortgagesCECU can work with you to secure your home. Monthly payments are based on:
|
Mortgage TypesFind out more about our: Try our mortgage calculators: |
 |
InvestmentsCECU pursues policies that enhance
|
Investment OptionsFind out more about our: Contact Us for further information on these and other CECU investment options. |
 |
Shares
The strength of the Credit Union is represented by its Share Capital.
Each share purchased is a contribution towards the pool of resources from which members borrow in time of need. The individual accumulation of shares increases the total wealth of the organization.
As a share holder you are part-owner of the organization, with an equal opportunity to benefit from all services the Credit Union provides.
Your shares assist you in meeting your present economic needs and are a major consideration in your eligibility for loans.
Shares are a permanent form of savings - the foundation on which you build to realize your ambitions and desires.
A person becomes a member of CECU through the purchase of shares ($5.00 per share). Members are required to purchase at least one share each month to maintain active financial status.
Benefits include:
- The use of Share Savings as collateral for loans
- Annual dividends are payable on shareholdings on rates of interest as determined at Annual General Meetings
- Free loan protection and life savings insurance on shareholdings.
Term / Fixed Deposits
When taking out a CECU Fixed Deposit, the member pledges to leave a stipulated amount of money for a specified time and agrees to receive an interest rate for that time period. Interest rates vary between 2% to 3.5% per annum. All deposits are repayable on demand but early redemption penalties apply.
| Minimum Deposit | $5000.00 |
| Period | 1 year |
CECU Fixed Deposit Rates
| Amount | Est. Rate | Retirees Rate |
| 5,000 - 25,000 | 2.0 | 2.25 |
| 25,001 - 50,000 | 2.25 | 2.5 |
| 50,001 - 100,000 | 2.5 | 2.75 |
| 100,001 - 500,000 | 3.0 | 3.5% |
Break Rates
Under 90 days, two (2%) percent below established rate.
| Amount | Break Rate |
| 5,000 - 55,000 | 1% Less |
| 50,001 - 100,000 | 1.5% Less |
| 100,001 and over | 1% Less |
N.B.: Members wishing to pledge their fixed deposits as collateral for loans would only be permitted to borrow to the extent of the Fixed Deposit. The Character limit would not apply.
Contact Us for further information on CECU's Term / Fixed Deposit options.
Golden Star Account
The Golden Star Account provides flexibility and convenience for the CECU Member. Golden Star is designed to encourage you to save and invest wisely those extra funds from your new disposable income.
Golden Star comes with special interest rates, paid semi-annually and annually.
Benefits of the Golden Star Account
- 2% interest earned semi annually and annually on the average balance
- Golden Star is separate and apart from your share account
- There are no forms to fill out
Who Qualifies for a Golden Star Account?
Once you are a member of the CECU family you automatically qualify for a Golden Star Account.
Contact Us for further information on CECU's Golden Star Account.
Investments
As part of our strategic development, Canning's Employees' Credit Union Co-Operative Society Limited continues to pursue policies that expand and enhance our investment management service. CECU is poised to offer our members' stability as we make investments with the potential to:
- Minimize risk, and
- Maximize return.
Find out more about CECU's:
Contact Us for further information on these CECU investment options.
