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Savings

Starting a savings account with the Wesleyan Holiness Co-operative Credit Union is simple and fast. You just need your identification card and an entrance fee of $2.00. On signing up, the following transactions will be created on your account

1.  Qualifying Shares

Each member must have $50.00 on Qualifying Shares to be a member of the Credit Union. As a member of the Credit Union you will be entitled to:

  • vote as a Credit Union member
  • receive yearly dividend payments
  • receive loans from the Credit Union

 

2.  Deposits

     Your deposits receive interest on a yearly basis.

 

3.  Withdrawal Shares

     Your shares receive interest on a yearly basis.

 

Junior Savings Accounts

The Credit Union also offers Junior Savings Accounts for children under the age of 16 years old.  As a junior saver you will not be entitled to qualifying shares but you will be able to place your funds unto deposits and receive interest on a yearly basis.